Intention to float announcement
13 November 2023
Subscription opens and price range announcement
21 November 2023
Retail subscription closing
28 November 2023
Announcement of the Final Offer Price
30 November 2023
SMS Confirmations and Commencement of Refunds
5 December 2023
Expected listing of shares on Dubai Financial Market (DFM)
7 December 2023
Market
DFM
Website
Dubai Taxi
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
IPO INVESTOR PORTAL
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Dubai Taxi Company’s shares will be listed in Dubai Financial Market (DFM).
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