Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, recently made significant moves in the transportation industry by issuing two key resolutions. The council’s resolution No.93 of 2023 approved the statute of the Dubai Taxi Company and paved the way for its shares to be offered for public subscription. This was a decisive step towards enhancing the company’s operations and expanding its reach.
The resolution not only gave the green light to the articles of association of Dubai Taxi Company PJSC but also outlined the guidelines for offering the company’s shares to the public. In addition, the resolution defined the company’s objectives and scope of authority, along with the procedures for appointing and electing its board of directors.
Another important development was the council resolution No. 92 of 2023, which led to the formation of the Dubai Taxi Company’s board of directors. The board will be chaired by Abdul Mohsen Ibrahim Younis, with Ahmed Ali Al Kaabi as the Vice Chairman. Other members include Shehab Hamad Bushahab, Yousef Ahmed bin Ghalaita, Dr. Hanan Suleiman Al Suwaidi, Abdullah Mohammed bin Damithan, and Issa Abdullah bin Natuf.
Furthermore, the law stipulated that Dubai Taxi Company replaces Dubai Taxi Corporation in all applicable laws in the emirate and assumes all the powers previously held by the Corporation. This includes the transfer of the Corporation’s rights, assets, funds, tangible and intangible assets, and obligations to the Dubai Taxi Company.
The company’s purposes encompass a wide range of activities, including taxi transportation, specialized transport using self-driving and air vehicles, vehicle rentals, driver services, and renting bicycles. All these initiatives align with the company’s vision for growth and innovation in the industry.
Overall, these resolutions mark a significant turning point for Dubai Taxi Company and set the stage for its future expansion and development. With strong leadership and a clear strategic direction, the company is poised to make a lasting impact on the transportation sector in Dubai.
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