The Board of Directors at Dubai Taxi Company (DTC) has proposed a final dividend of Dhs142 million for the second half of the year, amounting to 5.68 fils per share.
Earlier, a semi-annual dividend of Dhs160.7 million was distributed in August 2025 for the first half of the year. This brings the total dividend distribution for the fiscal year 2025 to Dhs302.7 million, or 12.11 fils per share—marking a 7.5% increase compared to the fiscal year 2024.
Dubai Taxi CEO Mansour Al Falasi announced that the company is gearing up to launch its inaugural self-driving taxi trip next month.
He also revealed plans to expand operations into other emirates, including Abu Dhabi, Ajman, and Sharjah, with gradual implementation scheduled across the first and second halves of 2026.
Over the previous year, the number of vehicles operated by the company rose by approximately 18%, facilitating around 7 million trips via the BOLT platform. Additionally, the company currently boasts Dhs330 million in available cash liquidity.
Al Falasi highlighted that the company maintained its trajectory of growth and robust operational and financial performance throughout 2025, marking a net profit of Dhs365 million for the first time.
He attributed this achievement to the impressive outcomes recorded across the company’s diverse sectors, notably the taxi and motorcycle delivery divisions. Additionally, he affirmed the strong momentum experienced in Dubai, driven by factors such as an 8% increase in the number of trips compared to the previous year, alongside significant population and urban growth, and a rising influx of tourists visiting the Emirate.
Al Falasi highlighted that strong operational efficiency, along with a concentrated effort on cost optimization and expense management, played a key role in achieving these results. More Gulf Today, Staff Reporter
