Dubai Taxi Company (Public Joint Stock Company) (United Arab Emirates)

The Company is a leading provider of comprehensive mobility solutions in Dubai, operating a fleet of more than 7,000 vehicles. The Company was established in 1994 to operate a fleet of taxis and has since expanded to offer an extensive range of integrated mobility solutions across four key business lines: taxis, VIP limousines, buses and last mile delivery bike services. DTC is the number one taxi operator by fleet size in Dubai with an approximately 44 market share as at 30 June 2023. In the 12 months to 30 June 2023, the Company s taxis and limousines made 44 million trips, 42 million of which were taxi trips.
In 1994, The Company 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. The Company commenced operations on 20 May 1995. In accordance with Law No. (20) of 2008, the Company is wholly owned by the Roads and Transports Authority (“RTA”).
In 1996, it opened its first training centre for its drivers as well as a vehicle maintenance workshop for its fleet.
In 1997, it began providing high-quality transport services, including taxi services, at the Dubai International Airport on an exclusive basis with designated pick-up points at the airport for the company , it began providing similar offerings at Al Maktoum International
Airport in 2010.
In 2000, the company s operations had grown to provide approximately 14 million trips during that year.
In 2005,establishment of roads and transport authority.
In 2007, the company began to transform its existing taxi fleet by launching its hybrid car programme in an effort to reduce the overall fuel consumption of its operations.
In 2015, the Company began to expand its service offerings and began offering bus transport services.
Later in 2017, the company continued its fleet transformation by launching the Tesla electric vehicle programme for its limousines, in addition to continuing to increase its hybrid taxi and limousine numbers. By the end of this same year, DTC achieved a significant milestone as it had transported approximately one billion passengers since its establishment in 1994. In response to the growing penetration of digital platforms for transportation services
In 2019, the company launched its in-house developed smart application for its limousine services (the DTC App ), During the same year, within its taxi business, the company agreed to a partnership with Hala, a joint venture between the RTA and Careem, a Dubai-based smart-app, aimed at transforming and enhancing transportation services in Dubai.
The programme is still underway and as at 30 June 2023, approximately 80 of the Company s taxis were hybrid and approximately 77 of its limousines were hybrid or electric. In 2008, DTC began operating as a subsidiary of the then-newly established RTA, which was established in Dubai under decree no. 17/2005 issued by His Highness the Ruler of Dubai Sheikh Maktoum bin Rashid Al Maktoum on 1 November 2005, in order to develop solutions for Dubai s transportation needs, including taxi services, and regulate the Emirates roads and traffic systems.
On 9 November 2023, in preparation for the Offering and based on the Dubai Government s direction, RTA transferred all its shares in DTC to the Dubai Department of Finance, who became the sole shareholder in the Company on 9 November 2023.
The Company is listed in December 7 ,2023 in Dubai financial market.