The Board of Directors at Dubai Taxi Corporation has recommended a cash dividend of 5.68 fils per share, amounting to 141.99 million dirhams, for the second half of 2025.
According to CEO Mansoor Al-Falasi, the company is preparing to launch its first self-driving trip next month. Plans are in place to expand into other Emirates, such as Abu Dhabi, Ajman, and Sharjah, throughout 2026, with this expansion anticipated to occur in phases during both halves of the year. The fleet has seen an 18% increase over the past year, with approximately 7 million trips completed via the BOLT platform, and the company currently holds 330 million dirhams in cash liquidity.
In his remarks on television, Al-Falasi highlighted that the company experienced robust operational and financial growth in 2025, achieving a net profit of 365 million dirhams for the first time.
He explained that this performance was driven by positive results from various sectors within the company, particularly the taxi and motorcycle delivery sectors, alongside the strong momentum in Dubai, exemplified by an 8% rise in the number of trips compared to the previous year, population and urban expansion, as well as an increase in tourist arrivals.
Al-Falasi also noted that high operational efficiency, along with cost management and expenditure control, played crucial roles in achieving these outcomes.
Regarding the fleet size, he mentioned that the number of vehicles increased by about 18% last year, which positively influenced growth across the four sectors in which the company operates. Currently, the fleet includes around 525 electric vehicles, with expectations for further growth in this area during the year.
On the topic of the company’s agreement with “Brisite” for adopting artificial intelligence solutions, the CEO emphasized that AI is a core component of the company’s operations and represents a significant investment area for Dubai Taxi, both in terms of capital and operational expenditures.
He highlighted the self-driving vehicle project as a pivotal step in the company’s operational transformation. Additionally, he revealed that Dubai Taxi, through its partnership with a major technology firm, is set to launch its first-ever autonomous ride next month.
Discussing the rise in direct costs and financing expenses during 2025, Al-Falasi attributed this increase to investments in the BOLT platform, aimed at capturing market share. He noted that approximately 7 million trips were completed on the platform over the past year, with plans to extend into other Emirates such as Abu Dhabi, Ajman, and Sharjah in 2026. He pointed out that expanding in Abu Dhabi, being one of the largest markets in the country, will be the next focus after Dubai, with plans to gradually implement the expansion across the remaining Emirates during the two halves of 2026.
Al-Falasi affirmed that future growth will encompass all business lines within the company, including buses, limousines, taxis, and delivery services, while also exploring new areas within a comprehensive transport system that offers integrated solutions to customers, with continued geographical expansion across the Emirates.