Dubai Taxi Company PJSC has announced the signing of a Sales and Purchase Agreement to acquire 100% of National Taxi LLC for an enterprise value of AED 1.45 billion, financed through new bank debt facilities. The final purchase price will be adjusted in line with the terms of the agreement.
Upon completion, the acquisition is expected to significantly strengthen DTC’s market position, increasing its share in Dubai from 47% to around 59%, while also establishing a 12% presence in Abu Dhabi, supporting further regional expansion.
According to Group Chairman Abdul Muhsen Ibrahim Kalbat, the deal marks a key strategic milestone that reinforces DTC’s leadership in Dubai and enables expansion into Abu Dhabi. He described National Taxi as a strong, well-established operator, noting that the acquisition will enhance scale and support long-term growth ambitions aligned with the UAE’s continued demand for mobility services.
Group CEO Mansoor Rahma Alfalasi highlighted that the acquisition is strategically and operationally aligned, and is expected to be earnings accretive from the first full year of ownership. He added that value creation will come through procurement efficiencies, centralized maintenance, and disciplined integration, while maintaining a strong balance sheet and dividend profile with no equity dilution.
National Taxi’s Managing Director, Toufic Mitri, noted that the company has built a strong presence over 26 years in Dubai and Abu Dhabi, supported by steady growth and technological adoption. He added that a competitive global process attracted interest from multiple regions, with DTC ultimately presenting the strongest proposal for the company’s next phase of growth.
The transaction remains subject to regulatory approvals, including from RTA and ITC, and is expected to close in early Q3 2026. DTC has appointed Alvarez & Marsal and DLA Piper as advisors, while National Taxi is advised by Emirates NBD Capital, Lazard Gulf, and White & Case.
