Dubai Taxi Company to acquire National Taxi in Dhs1.45bn deal
The combined fleet of DTC and National Taxi is expected to exceed 14,000 vehicles as of May 2026, serving an estimated 78 million trips annually across the UAE
13 May, 2026
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Dubai Taxi Company (DTC) has signed a Sales and Purchase Agreement (SPA) to acquire 100 per cent of National Taxi, one of the UAE’s established taxi operators, in a transaction valued at Dhs1.45bn.
The acquisition, which will be funded through new bank debt facilities, marks a major expansion step for DTC as it seeks to strengthen its position across the UAE mobility market. The final consideration remains subject to adjustment under the terms of the SPA.
Founded in 2000, National Taxi operates approximately 2,500 licensed taxi plates and a fleet of more than 2,700 vehicles across Dubai, Abu Dhabi and Al Ain.
For the year ended 31 July 2025, the company completed 25.4 million trips, recorded a 98 per cent fleet utilisation rate, and generated Dhs774m in net revenue alongside Dhs183m in Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA).
According to DTC, the acquisition will increase its Dubai market share from 47 per cent to around 59 per cent, while also giving the company a 12 per cent share of the Abu Dhabi taxi market.
The combined fleet of DTC and National Taxi is expected to exceed 14,000 vehicles as of May 2026, serving an estimated 78 million trips annually across the UAE.
DTC said it intends to retain the National Taxi brand following completion of the transaction while integrating central functions including finance, procurement and back-office operations.
Abdul Muhsen Ibrahim Kalbat, group chairman of DTC, said: “This acquisition represents an important strategic milestone for DTC, strengthening our leadership position in Dubai while establishing a meaningful presence in Abu Dhabi. National Taxi is a well-established and high-quality operator with a strong financial profile, and this acquisition allows us to expand our platform, enhance scale and position the business for long-term growth.”
“Dubai has been the foundation of everything DTC has built, and we remain as confident as ever in its long-term trajectory. The UAE’s fundamental strengths in attracting investment, talent and visitors continue to underpin sustained demand for mobility services. This acquisition is a direct expression of that conviction, and of our commitment to growing DTC into a platform worthy of the city and country it serves,” he added.
Mansoor Rahma Alfalasi, group chief executive officer (CEO) of DTC, said: “The acquisition of National Taxi is a strong strategic and operational fit for DTC, enhancing our scale and strengthening our market position. The transaction is expected to be earnings accretive from the first full year of ownership, with further upside expected from procurement optimisation, centralised maintenance and disciplined integration over time.”
“The transaction has also been structured in line with our disciplined strategic approach to capital allocation with no equity dilution and a continued focus on balance sheet strength. In line with our five-year strategy, we remain committed to delivering sustainable growth while maintaining an attractive dividend profile for our shareholders and a healthy leverage profile,” he added.
Toufic Mitri, managing director at National Taxi, stated: “National Taxi has been a prominent taxi operator in Dubai and Abu Dhabi for 26 years. Throughout the past two decades, the company has consistently experienced steady growth, adopted new technologies and received multiple accolades.”
“In the past year we appointed Emirates NBD Capital Limited and Lazard Gulf Limited who undertook a competitive process to assess investor interest for the potential acquisition of National Taxi, attracting attention from investors across North America, Europe, Middle East and Central Asia. Ultimately, DTC submitted the most compelling proposal, and we are confident that DTC will guide National Taxi through its next phase of development,” he added.
DTC said the transaction is expected to generate synergies equivalent to around 5 per cent of National Taxi’s net revenue through fleet procurement savings, centralised maintenance and operational integration.
The acquisition is expected to complete in early Q3 2026, subject to regulatory approvals, including from Dubai’s Roads and Transport Authority (RTA) and Abu Dhabi’s Integrated Transport Centre (ITC).


























