Dubai Taxi Company PJSC

Ticker/ISIN

DTC

AEE01356D236

Market/Country

Dubai Financial Market

United Arab Emirates

About Dubai Taxi Company PJSC

The Company is a leading provider of comprehensive mobility solutions in Dubai. With an approximately 44% market share (by size of taxi fleet) as at 30 June 2023 according to the Industry Consultant, it is currently the number one taxi operator in Dubai, with its next largest taxi competitor having only a 22% market share. Having been established as a taxi company in 1994, with operations starting in 1995 with only 81 taxi cars, the Company has since expanded to other mobility businesses by leveraging its dominant leadership in the taxi sector and operational strength. It offers an extensive range of transportation solutions across its four key business lines, including taxi services through its large, eco-friendly fleet; VIP limousine services made up of chauffeur-driven vehicles for luxury service; its bus services; and its last mile delivery bike services. Between 1 July 2022 and 30 June 2023, the Company's taxis and limousines made 44 million trips, 42 million of which were taxi trips. Across its business lines, as at 30 June 2023, the Company operated more than 7,000 vehicles (of which 5,216 were taxis).

Company's Activities are detailed in AOA and Listing Prospectus.

Latest Pressrelease Summaries from Dubai Taxi Company PJSC

On December 18, 2024, the Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting at the company’s headquarters at 3:00 pm, with a quorum present. During the meeting, they approved the company's budget for the fiscal year 2025, the strategy for 2025-2029, the ESG (Environmental, Social, and Governance) strategy, and other operational and internal matters. The communication was signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.

Disclosure: Results of BOD Meeting

3 days ago

A notification has been issued for a Board of Directors meeting of Dubai Taxi Company P.J.S.C. The meeting is scheduled for Wednesday, December 18, 2024, at 3:00 PM at the company's headquarters. The agenda includes reviewing and approving the company's budget for the fiscal year 2025, discussing and approving the company's strategy for 2025-2029, evaluating and adopting the company's ESG strategy, and addressing other operational and internal matters. The notification is signed by Vicken Khochafian, the Board Secretary and Governance Director, with a copy sent to the Securities and Commodities Authority.

Disclosure: BOD meeting

8 days ago

Dubai Taxi Company (DTC) has expanded its fleet by acquiring 250 new license plates, all designated for electric vehicles, from a recent auction by the Dubai Roads and Transport Authority. This brings DTC's total fleet to 6,210 vehicles and is expected to increase annual revenue by approximately AED 85 million. With this addition, about 87% of DTC's fleet will consist of hybrid and electric vehicles, aligning with the UAE's Year of Sustainability and DTC's commitment to eco-friendly transport solutions. DTC aims to enhance customer experience and position Dubai as a leader in sustainable urban mobility, while also expanding services locally and regionally and strengthening partnerships in the smart and sustainable transport sector.

Disclosure: Press release

a month ago

Dubai Taxi Company PJSC (DTC) reported a 20% year-on-year increase in EBITDA to AED 432.2 million for the first nine months of 2024, with revenue rising 13% to AED 1.60 billion. The company expanded its operational taxi fleet by 444 vehicles, achieving a 46% market share in Dubai and completing 36 million trips, a 5% increase from the previous year. The EBITDA margin improved by 2 percentage points to 27%. Net profit before tax reached AED 271.8 million, a 19% increase excluding interest costs. DTC formed a strategic partnership with Bolt to launch an international e-hailing platform in Dubai. The company's taxi segment revenue grew 12% to AED 1.39 billion, while the limousine segment saw a 3% increase to AED 89.1 million. The bus segment's revenue rose 27% to AED 87.7 million, supported by new service contracts and fleet expansion. DTC's delivery bike segment, boosted by partnerships with delivery platforms like Talabat, saw revenue grow 2.5 times. The company focuses on cost optimization and sustainability, with over 85% of its taxi and limousine fleet now hybrid or electric vehicles.

Disclosure: Press release regarding financial results for the 3rd QTR of 2024

a month ago

The document is a review report and condensed interim financial information for Dubai Taxi Company P.J.S.C. covering the nine-month period ending on September 30, 2024.

Disclosure: Financial statements for the 3rd QTR of 2024

a month ago

The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on Wednesday, November 6, 2024, at 3:00 pm at the company's headquarters. The meeting reached a quorum, and the board addressed and approved the financial statements for the third quarter of the fiscal year 2024, along with other operational and internal matters. The communication is signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.

Disclosure: Results of BOD Meeting

a month ago

The Dubai Taxi Company PJSC will hold an earnings call on Friday, November 8, 2024, at 10:00 AM to discuss the financial results for the third quarter of 2024. The presentation will be available on the company's website before the meeting. This information is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Rami Mohammad Al Banna, Head of Investor Relations. A copy of the notice is also sent to the Securities and Commodities Authority.

Disclosure: Earnings Call

2 months ago

The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on Wednesday, November 06, 2024, at 3:00 pm at the company's headquarters. The agenda includes discussions and approvals of the financial statements for the third quarter of the fiscal year 2024, as well as other operational and internal matters. The notification is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is also copied to the Securities and Commodities Authority. The letter is signed by Vicken Khochafian, Board Secretary and Governance Director.

Disclosure: BOD meeting

2 months ago