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Dubai Taxi Company PJSC is set to acquire 100% of the issued share capital of National Taxi LLC, a UAE taxi operator, which has over 2,500 licensed plates in Dubai, Abu Dhabi, and Al Ain. The transaction's enterprise value is approximately AED 1.45 billion, although the final acquisition value may change due to a lockbox mechanism. National Taxi is known for its strong financial performance, and this acquisition aligns with Dubai Taxi Company's growth strategy. It is expected to significantly increase their market share in Dubai and allow entry into the Abu Dhabi market. The acquisition is anticipated to be earnings and dividend accretive from the first full year, with additional benefits from identified synergies.

The Dubai Taxi Company PJSC will hold an analysts' call on Thursday, May 14, 2026, at 2:00 PM to discuss the acquisition deal of National Taxi LLC. The presentation for the meeting will be available on the company's website beforehand. The communication is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and includes a courtesy copy to the Securities and Commodities Authority. The message is signed by Nader Ibrahim Mugbil, Head of Investor Relations.

On May 13, 2026, the Board of Directors of Dubai Taxi Company P.J.S.C. approved the acquisition of National Taxi LLC. This decision was made by circulation and is subject to the terms and conditions outlined in the Sale and Purchase Agreement, including related financing arrangements. The acquisition is considered a significant strategic move to support the company's growth and expansion plans. Additional details about the transaction, including key terms, structure, and expected financial impact, are provided in the enclosed Material Disclosure Form. This disclosure complies with relevant regulatory requirements. The communication is signed by Vicken Khochafian, Group Board Secretary and Governance Director, with a copy sent to the Capital Market Authority.

The Board of Directors of Dubai Refreshment P.J.S.C held a meeting on May 12, 2026, at the company's premises in Dubai Investment Park 2 and via online video technology. During the meeting, the Board approved the interim financial statements for the first quarter of 2026 and discussed internal matters, making appropriate decisions regarding them.