Page 38 - SALIK PR REPORT OCTOBER 2023
P. 38
11/2/23, 4:01 PM Dubai's taxi operator plans $300mn IPO: Report - Arabian Business
Dubai’s taxi operator plans $300mn IPO: Report
As part of their upcoming initial public offering (IPO), the taxi operator
plans to distribute a fourth-quarter dividend of at least AED71 million
($19 million) in April
Staff Writer Mon 30 Oct 2023
Dubai Taxi Corporation (DTC) a unit of the emirate’s transport authority, is set
to initiate the city’s first privatisation effort of the year, aiming to raise
approximately $300 million through a share sale scheduled for next
month, Bloomberg reported, citing an investor presentation.
The presentation, as revealed by insiders, discloses the company’s intentions.
As part of their upcoming initial public offering (IPO), the taxi operator plans to
distribute a fourth-quarter dividend of at least AED71 million ($19 million) in
April.
https://www.arabianbusiness.com/markets/equities/ipo/dubais-taxi-operator-plans-300mn-ipo-report?utm_medium=email&utm_medium=email&ut… 1/2
