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Dubai Taxi Company PJSC (DTC) reported a challenging Q2 2026 due to reduced demand in airport and tourism-related services, resulting in a 24.4% decline in taxi and limousine trips compared to the previous year. However, there were early signs of demand normalization, with June trips only 11.2% below the prior year's level, improving from a 36.7% decline in April. Revenue for Q2 2026 decreased by 22.5% to AED 484.5 million, and EBITDA fell by 57.2% to AED 77.2 million, reflecting lower trip volumes. Net profit for the quarter was AED 10.4 million, with H1 2026 net profit at AED 61.1 million. The company continued executing its five-year strategy, successfully acquiring National Taxi to enhance its presence in Abu Dhabi and expand regionally in Ajman and Abu Dhabi. Despite the challenging environment, DTC maintained resilient operations with no service disruptions and reported H1 2026 revenue exceeding AED 1 billion.
The document is a review report and condensed interim consolidated financial information for Dubai Taxi Company P.J.S.C. for the six-month period ending on June 30, 2026.
The Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting on July 23, 2026, at the company's headquarters. The meeting achieved quorum, and the following items were discussed and approved: 1. The consolidated financial statements for the first half of the fiscal year 2026. 2. The Board decided not to distribute an interim cash dividend for the first half of 2026. They will consider distributing dividends for the full fiscal year 2026 after the annual financial statements are approved, taking into account the company's financial performance, capital requirements, strategic priorities following the successful acquisition of National Taxi Company, and compliance with regulatory requirements and shareholder approval, if necessary. 3. Other operational and internal matters were also addressed. Best regards, Vicken Khochafian, Group Board Secretary & Governance Director. A copy of this communication was sent to the Capital Market Authority.
Union Properties has reported strong financial results for the first half of 2026, with a 68% increase in revenue compared to the same period in 2025. The company has a development pipeline valued at approximately AED 4 billion, which is expected to provide substantial revenue through 2028. A robust balance sheet and liquidity position are set to support future growth and project launches. The company has transitioned from financial restructuring to sustainable growth, with improved operational efficiency and a solid development platform. Gross revenue for Q2 2026 rose by 69% year-on-year, and gross profit increased by 41% in the first six months of 2026. Union Properties is positioned for long-term growth in revenues, profitability, and shareholder value.
On 23 July 2026, a meeting of the Board of Directors of Takaful Emarat Insurance PSC was held. The meeting, which took place at 3:00 pm, resulted in several resolutions: approval of the agenda, review and approval of the minutes from the previous meeting, election of the Chairman of the Board, reformation of the Board Committees with the appointment of chairpersons and members, approval of the terms of reference for the Board Committees, and discussion of any other business matters. The communication was signed by Adnan Sabaalaish, the Chief Executive Officer of Takaful Emarat Insurance PSC.
Ajman Bank PJSC has released a review report and condensed consolidated interim financial information for the six-month period ending on June 30, 2026.