Dubai Taxi Company PJSC announces its intention to float on the Dubai Financial Market
Established in 1994, DTC is Dubai’s flagship mobility Company, serving residents and tourists and actively participating in Dubai’s transportation transformation
Diversified operations across four business lines: taxis, VIP limousines, buses and delivery bikes, managing an overall fleet of more than 7,000 vehicles*
DTC taxi business operates under a regulated framework established by the RTA with strict license issuance, fares protection and other high-barriers to entry
Exclusive operating rights at key pick-up points with high volumes across Dubai's prime locations, including Dubai Airports, Atlantis and Dubai Mall
Superior technology solutions through its DTC app and its partnership with Hala, positioning DTC to capitalize on the growing penetration of e-hailing
Superior 9M23 financials with c.11% revenue growth, c.25% EBITDA margin and c.19% net income margin
Leading ESG partner with a clear target to reach 100% hybrid or electric taxis and limousines by the end of 2024 (currently at 80%)*
Intention To Float Announcement and Publication of UAE prospectus
Price Range Announcement & Subscriptions Open
Retail Subscriptions Close
Announcement of Final Offer Price
SMS Confirmations & Commencement of Refunds
Expected listing of shares on DFM
Terms and conditions apply.
