Dubai Taxi Company to Acquire National Taxi for $395m in Abu Dhabi Push

Dubai Taxi Company to acquire National Taxi for $395m in Abu Dhabi push

Takeover will add 2,700 vehicles to DTC's fleet and help boost its reach across the UAE

Dubai Taxi Company to acquire National Taxi for Dh1.45 billion

DTC’s Dubai market share is anticipated to increase by 12 % after the takeover, in addition to a meaningful entry into Abu Dhabi with 12% per cent market share

Dubai Taxi signs $1.45 billion deal to acquire National Taxi

Dubai Taxi Company signs AED 1.45 billion deal to acquire National Taxi, adding 2,700 vehicles and raising market share to 59% in Dubai while expanding into Abu Dhabi by Q3 2026

Dubai Taxi Company acquires National Taxi

Dubai Taxi Company PJSC, a leading provider of comprehensive mobility solutions in Dubai, recently announced that it has entered into a Sales and Purchase Agreement (“SPA”) to acquire 100% of the share capital of National Taxi LLC (“National Taxi”), one of the UAE’s established taxi operators with operations in Dubai, Abu Dhabi, and Al Ain for a total Enterprise Value of AED 1.45 billion, funded through new bank debt facilities. The final consid…

Dubai Taxi Company to acquire National Taxi for $394.8mln

The acquisition was funded through new bank debt facilities and the final consideration is subject to adjustment in accordance with the terms of the SPA

Dubai Taxi buys rival for $395m

Dubai Taxi Company, a subsidiary of the emirate’s transport regulator, has agreed to buy National Taxi, which operates in Dubai, Abu Dhabi and Al Ain. The deal is valued at AED1.45 billion ($395 million). It will be funded through new bank debt facilities without any new equity issuance, DTC said in a statement to the Dubai Financial Market. DTC’s market share in Dubai will rise from 47 percent to 59 percent. Its entry into Abu Dhabi will give i…