DTC

DTC was formed on 28 June 1994 in accordance with the provisions of Law No. (5) of 1994 decreed by H.H. The Ruler of Dubai in order to operate a fleet of taxis in the Emirate of Dubai and to the other Emirates.

In accordance with Law No. (20) of 2008, the Company was wholly owned by the Roads and Transport Authority (RTA).

On 9 November 2023, the provisions of Law No. (21) of 2023 concerning the Dubai Taxi Company decreed by H.H. The Ruler of Dubai was issued pursuant to which RTA’s ownership in DTC was transferred to the Department of Finance (DoF) for the Government of Dubai, who became the sole shareholder in the Company. DoF later transferred its shares in DTC to the newly formed Dubai Investment Fund in accordance with Law No. (25) of 2023.

On 13 November 2023, DTC announced its intention to float 24.99% of its total issued share capital on the Dubai Financial Market (DFM) and was officially listed on the DFM on 7 December 2023.

The Company currently offers an extensive range of transportation solutions across four key business lines, including:

· Taxi services through our large, eco-friendly fleet;

· VIP limousine services made up of chauffeur-driven vehicles for luxury service;

· Bus services; and

· Last mile delivery bike service