"Dubai Taxi" does not exclude an additional part of its shares on the stock exchange

Mansour Al Falasi, CEO of “Taxi Dubai”, did not exclude an additional share of the company’s shares in the Dubai Financial Market in the event that it was in the interests of the company, and after receiving official approvals and the approval of the board of directors and the General Assembly. The company launched 24.99% of its total capital in November 2023. The company announced strong results in the second quarter of this year, as it achieved profits of more than 104 million dirhams, an increase of 33% year -on -year, and turnover increased by 18% compared to the same quarter of last year to 625 million dirhams. The Board of Directors approved the distribution of cash dividends by 6.43 fils per share for the first half of the year, according to the company’s statement on the Dubai Financial Market website. Al -Falasi attributes the strong growth in the results of the second quarter to the addition of a thousand vehicles, which brought the total fleet of the company to 10 thousand taxis, in addition to the large number of flights in this quarter by about 20% to reach 59 million trips. He noted that the renewal of the partnership with Dubai airports with its four buildings, and pumped about 6 thousand taxis on the “Bolt” platform, also had a positive impact on the results of the second term. The “Dubai Taxi” avoids the slowdown in the summer season by directing drivers, using technology and artificial intelligence, to places that have an increase in demand for the purpose of increasing the efficiency of surgery and reducing costs, according to all -phalasi, which pointed out that although the summer period is usually the slowest period of the year, “we are in the season.” A strong financial situation that has revealed all -phalasi that the company has a strong budget as it has 236 million dirhams to be used in the distribution of profits and in any transactions of acquisition and integration during the next phase, and noted that the company has enjoyed a strong financial situation to enable good credit facilities to finance its expansion. As for the partnership signed with the Estonian Bolt Bolt in October last year, Al -Falasi explained that it is a long -term investment, and that the company plans to add new services on the Bolt platform, and made it easy to access and use it, which increases the interaction. The company also moves at a constant pace to achieve its goal by converting its entire fleet to electric cars by 2040, and for this partnerships with companies are concluded to provide this type of car, and according to all -Falasi, it also investigated the fast charging stations. He added that achieving this would support the goals of the business related to sustainability and technological transformation. ‘Dubai Taxi’ is aimed at maintaining its market share in the Emirate of Dubai, 46%, and even increasing it through strong participation in any auctions offered by the Roads and Transport Authority (RTA), according to Al -Falasi. Regarding the launch of the self -management taxi, Al -Falasi said the company is currently involved in discussions with the roads and transport authority in this regard, pointing out that the ‘Dubai Taxi’ is partnering with companies that specialize in this type of technology that will be announced at the time, and is expected to work in the first quarter of next year.