Subscriptions are now open for eligible retail investors for the Dubai Taxi Company (DTC) UAE Public Offering (IPO) on the Dubai Financial Market (DFM).

The Dubai Taxi Company IPO offers the opportunity to invest in Dubai’s flagship mobility company.

DTC is the leading provider of comprehensive mobility solutions in Dubai, serving one of the world’s fastest-growing cities.

7,000 + Vehicles

14,000 + Drivers- Partners

5,200 + Taxis

400 VIP Limousines

1000 Buses

600 Delivery Bikes

Apply with Mashreq Mobile

Simply click on this link to get started.

Key facts about DTC:

Established in 1994, DTC is Dubai’s flagship mobility Company, serving residents and tourists and actively participating in Dubai’s transportation transformation

Largest taxi operator in Dubai, with a dominant market share of approximately 44% of total taxis

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

Robust financial performance with strong profitability and cash flow enabling DTC to target an attractive dividend payout ratio

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

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Important dates to remember

13 November 2023
ITF Announcement and Publication of UAE prospectus:
21 November 2023
Price Range Announcement and Opening of Subscription:
28 November 2023
Retail Subscriptions Close:
30 November 2023
Announcement of Final Offer Price:
5 December 2023
SMS Confirmations and Commencement of Refunds:
7 December 2023
Expected listing of shares on Dubai Financial Market (DFM)
To learn more about the IPO, visit DTC’s dedicated IPO microsite –

Disclaimer: This announcement has not been reviewed or approved by the SCA or any regulator in the UAE or elsewhere, does not form part of the prospectus and is not an offer of securities. For more information visit