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Events / Business / Dubai Taxi acquires National Taxi
Business acquisition

Dubai Taxi acquires National Taxi

Analysis based on 7 articles · First reported Mar 09, 2018 · Last updated Jul 09, 2026

Sentiment
30
Attention
2
Articles
7
Market Impact
General
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Market Impact

The acquisition strengthens DTC's market position and expands its geographic footprint, likely boosting investor confidence and stock performance. The deal is expected to generate cost synergies and enhance earnings, positively impacting the UAE taxi and mobility sector.

transportation taxi services
Event Summary

Dubai Taxi Company PJSC (DTC) completed the acquisition of 100% of EV Taxi Corporation for AED 1.45 billion ($394.8 million), creating the UAE's largest taxi operator with a combined fleet exceeding 9,500 vehicles. The deal received approvals from United Arab Emirates — Dubai's Roads and Transport Authority (RTA) and MGX's United Arab Emirates — Integrated Transport Centre (ITC). DTC's market share in United Arab Emirates — Dubai rises to approximately 59%, and it establishes a 12% share in MGX. The acquisition is expected to be earnings accretive from the first full year, with operational synergies and maintained dividend profile. National Taxi reported revenue of AED 774 million and EBITDA of AED 183 million for the year ended July 2025.

Key Actions
100 Dubai Taxi Company acquired EV Taxi Corporation
30 United Arab Emirates — Roads and Transport Authority approved
30 United Arab Emirates — Integrated Transport Centre approved
Entities Involved
stock
Dubai Taxi Company
Acquirer; strengthens leadership in United Arab Emirates — Dubai and enters MGX market; expected earnings accretive.
Importance 100.0 Sentiment 70.0
priv
EV Taxi Corporation
Acquired entity; becomes part of DTC, contributing fleet and revenue.
Importance 80.0 Sentiment 50.0
per
Mansoor Rahma Alfalasi
CEO of DTC; announced and commented on the acquisition.
Importance 40.0 Sentiment 0.0
govactor
United Arab Emirates — Roads and Transport Authority
Regulatory approval granted for the acquisition.
Importance 30.0 Sentiment 0.0
govactor
United Arab Emirates — Integrated Transport Centre
Regulatory approval granted for the acquisition.
Importance 30.0 Sentiment 0.0
loc
United Arab Emirates — Dubai
City where DTC is based and where it gains 59% market share.
Importance 30.0 Sentiment 20.0
priv
MGX
City where DTC establishes 12% market share through the acquisition.
Importance 30.0 Sentiment 20.0
cnt
United Arab Emirates
Country where the transaction takes place; DTC becomes largest taxi operator in UAE.
Importance 20.0 Sentiment 10.0
Relationships
MGX related ↔ United Arab Emirates
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