Page 46 - SALIK PR REPORT OCTOBER 2023

A Dubai Transport taxi drives past as cars queue for petrol at
a fuel station in Dubai, UAE. (File photo: Reuters)

Dubai’s RTA seeks about $300 mln from

taxi IPO: Report

• Dubai

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Bloomberg
Published: 30 October ,2023: 11:00 AM GSTUpdated: 30
October ,2023: 11:43 AM GST

Dubai Taxi Corp., a unit of the emirate’s transport authority, is
seeking to raise about $300 million from a share sale next
month in what’s set to be city’s first privatization of the year,

according to people with knowledge of the matter.
As part of the initial public offering, the taxi operator plans to

pay a fourth-quarter dividend of at least $19 million(71 million
dirhams) in April, according to an investor presentation seen
by Bloomberg. After that, Dubai Taxi will pay at least 85

percent of its annual net profit in two dividend payments from
the 2024 fiscal year, the presentation shows.

https://english.alarabiya.net/business/aviation-and-transport/2023/10/30/Dubai-s-RTA-seeks-about-
300-mln-from-taxi-IPO-Report