24/04/2026 03:41 AST

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, has acquired another 600 new licence taxi plates through the latest auction conducted by the Dubai Roads and Transport Authority (RTA).

This strategic expansion reinforces DTC's position as the emirate's largest taxi operator, increasing its market share to 47%, the company said.

With this addition, DTC's taxi fleet will grow from 6,217 to 6,817 vehicles. With phased introduction of the new vehicles starting July 2026, the structured rollout plan is designed to maintain high levels of operational efficiency and service quality, while meeting the growing demand for mobility services across Dubai.

"The acquisition of 600 new taxi plates is a meaningful step forward for Dubai Taxi Company and reflects our confidence in the continued growth of Dubai's mobility sector," said Mansoor Rahma Alfalasi, Group CEO of Dubai Taxi Company.

"As demand for transport services rises alongside the emirate's urban development, we remain focused on scaling our operations to address our customers' demand. We remain committed to supporting this growth through reliable, high-quality mobility services, and this expansion strengthens our ability to meet increasing demand while creating long-term value for our shareholders and contributing to Dubai's ambition of building a world-class mobility ecosystem."

Alfalasi explained that the phased introduction of the new vehicles reflects the company's strategy to optimise asset utilisation, enhance financial performance, and further elevate service quality, reinforcing its position as the largest taxi operator in Dubai.


Trade Arabia

Dubai Taxi's 2025 net profit up 7%; Board recommends Dh142m H2 dividend

25/02/2026

Dubai's leading taxi and limousine service Dubai Taxi Company (DTC)'s net profit increased by 7 per cent year on year to Dh356.1 million in 2025, up from Dh331.3 million in 2024. The company's board

Khaleej Times

Dubai Taxi Company posts 28% surge in Q3 on strong mobility demand

12/11/2025

Dubai Taxi Company PJSC (DTC) reported a robust third-quarter performance, with net profit jumping 28 per cent year-on-year to Dh76.4 million, driven by higher trip volumes and sustained demand acros

Khaleej Times

Dubai Taxi Company, Keeta partner for last-mile delivery solutions

14/10/2025

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, has announced a strategic partnership with Keeta, the international subsidiary of Meituan, China's on-demand

Trade Arabia

Ticker Price Volume
DTC Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ALPHADHABI 7.39 0.24 (3.35%)
MODON 3.10 0.05 (1.63%)
SALIK 5.67 -0.03 (-0.53%)
ADNOCLS 5.36 -0.02 (-0.38%)
AIRARABIA 5.22 -0.02 (-0.39%)
Global Finance names KFH as 'Best Bank for Sustaining Communities in the Middle East'

24/04/2026

Kuwait Finance House (KFH) has been named "Best Bank for Sustaining Communities in the Middle East" by Global Finance magazine, as part of its Sixth Annual Sustainable Finance Awards, recognizing out

Kuwait Times

Emirates Islamic operating profit rises 7% to $299.52m in Q1

24/04/2026

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has reported an operating profit of AED1.1 billion ($299.52 million) for the quarter ending March 31, 2026, 7% growth o

Trade Arabia

ADCB delivered record Q1 profit before tax of $1bn

24/04/2026

ADCB, a leading UAE banking group, has delivered record profit before tax of AED3.781 billion in Q1'26, up 30% year on year, extending profit growth track record to 19 consecutive quarters.

Trade Arabia

Al Salam Bank sells its stake in Gulf African Bank

24/04/2026

Bahrain headquartered-Al Salam Bank has announced the sale of its 20.94% stake in Gulf African Bank, the largest Islamic Bank in Kenya.

The sale forms part of AL Salam Bank's broader group

Trade Arabia

Aramco partners with Sulzer for pump systems, services

24/04/2026

Sulzer has signed a long-term corporate procurement agreement (CPA) with Aramco.

The agreement sets a framework for the supply of centrifugal pumps, spare parts, and aftermarket services acr

Trade Arabia