His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, enacted Law No. (21) of 2023 pertaining to the “Dubai Taxi Company” in his capacity as the Ruler of Dubai.
The Executive Council of Dubai’s Chairman, Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, the Crown Prince of Dubai, also adopted Council Resolution No. (93) of 2023 on the bylaws and regulations of the “Dubai Taxi Company” in addition to the articles of association.
As part of this, the company’s shares will begin to be floated for an IPO in compliance with the ratios set by The Executive Council of Dubai.
Along with other bylaws and regulations that control the Company’s activities, it also includes outlining the goals and purposes of the Company and the processes for selecting and electing the Company’s Board of Directors.
Additionally, Sheikh Hamdan issued Executive Council Resolution No. (92) of 2023, which established the “Dubai Taxi Company” Board of Directors, with Abdul Mohsin Ibrahim Younis as its chairman. The board’s vice chairman is Ahmed Ali Al Kaabi. Shehab Hamad Abu Shehab, Youssef Ahmed Bin Ghalaita, Dr. Hanan Sulaiman Al Suwaidi, Abdulla Mohammed Bin Damithan, and Issa Abdullah are among the other board members.
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