Related Party Transactions and Disclosures

Dubai Taxi maintains strict governance controls to ensure that all related party transactions are conducted transparently, fairly, and in full compliance with regulatory requirements. The Company’s Related Party Transactions and Disclosure Policy is aligned with the Securities and Commodities Authority’s Governance Guide and supports the protection of shareholder and stakeholder interests.

Key Principles

1. Definition and Identification
  • Related parties include Board members, Executive Management, shareholders, their close relatives, and entities in which they hold influence or control
  • All transactions are reviewed to ensure they are justified, necessary, and in the best interests of the Company
2. Oversight and Conduct
  • The Audit, Risk, and Compliance Committee (ARCC) reviews and monitors related party transactions
  • All transactions are carried out at arm’s length and under normal commercial terms
  • Significant transactions follow the approval requirements set out in the SCA Governance Guide and DTC’s Articles of Association
3. Disclosure and Transparency
  • All related party transactions are disclosed in the financial statements and Corporate Governance Report
  • Reporting is conducted in accordance with SCA rules to ensure full transparency to shareholders and regulators
4. Conflict of Interest Management
  • Individuals involved in related party transactions must abstain from discussions and decisions
  • All conflicts are recorded, assessed, and managed through established procedures
Summary of Related Party Transactions for FY 2025
# Statement of the relevant party Explanation of the nature of the relationship Transaction Type Transaction Volume
1 Salik Company PJSC Entity under common control Salik toll charges AED 86,100,796
2 Roads & Transport Authority Entities with common key management personnel Taxi plates and franchise fee, Royalty fee, Traffic fines, etc. AED 485,971,099
3 RTA Careem LLC Entities with common key management personnel Hala ride meter charges AED 81,666,719

Note: Transactions equal to or exceeding 5 percent of the Company’s capital are standard, regulated, arm’s length transactions with a regulator. DTC does not receive any preferential treatment in such arrangements.