18 Hrs
المشهد العربي
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المشهد العربي

2026-11-11T20:54:33.000Z

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المشهد العربي

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Taxi Recovery, Debt Plans

Taxi Recovery, Debt Plans

Dubai Taxi CEO Mansoor Al Falasi said demand for the company’s services is gradually recovering as international flights return to normal and exhibitions and events resume. October’s performance and preliminary indicators for the fourth quarter are encouraging. The company plans to begin repaying its debt gradually in early 2027, in coordination with its lending bank. Net debt had risen to around AED 2 billion at the end of September 2026, up from AED 930.3 million a year earlier, following the financing of its acquisition of National Taxi.

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