White & Case LLP announced on May 15 that it has advised National Taxi LLC on the sale of its shares to Dubai Taxi Company PJSC for a total enterprise value of approximately AED 1.45 billion, or about US$400 million.
The transaction marks a notable development in the United Arab Emirates’ transportation and mobility sectors. It highlights ongoing activity and investment within the region’s market.
“The transaction is a significant milestone in the UAE transportation and mobility sectors and reflects the continued strength and resilience of the UAE market,” said Roger Gaspard, partner at White & Case, who led the firm’s deal team.
National Taxi is described as one of the UAE’s established taxi operators, with services spanning Dubai, Abu Dhabi, and Al Ain. The deal will see Dubai Taxi Company acquire full ownership of National Taxi’s share capital. Completion remains subject to standard closing conditions and regulatory approvals.
According to White & Case, this acquisition is expected to strengthen Dubai Taxi Company’s position in Dubai while giving it an expanded presence in Abu Dhabi and furthering its reach across the sector.
The legal team from White & Case advising on this transaction included partners Roger Gaspard (Dubai), Abdulwahid Alulama (Abu Dhabi & Dubai), Will Lund (Abu Dhabi), along with associates based in Dubai, London, and Cairo.
