In a significant move reshaping the transportation landscape of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, has enacted Law No. (21) of 2023, marking the evolution of Dubai Taxi Corporation into a public joint-stock company, now known as ‘Dubai Taxi Company (PJSC).’
This transformation, which includes the initiation of an Initial Public Offering (IPO), grants the company financial and administrative…