Latest news with #EmiratesDrivingCompany
Mid East Info
a day ago
- Automotive
- Mid East Info
Emirates Driving Company Announces Its Financial Results for H1 2025 - Middle East Business News and Information
Strong H1 2025 Results Reflect Strategic Momentum and Operational Growth Abu Dhabi, United Arab Emirates: Emirates Driving Company PJSC (ADX: DRIVE) today announced its financial results for the six-month period ended 30 June 2025, reporting strong revenue growth and profitability while advancing its strategic transformation. The Company recorded a net profit of AED 159 million in H1 2025, compared with AED 119 million in H1 2024, a 33 % increase. Revenue rose 101 % year‑on‑year to AED 353 million, driven by expanded training operations, higher student volumes and the full consolidation of Excellence Premier Investment LLC. Khaled Al Shemeli, Chief Executive Officer of Emirates Driving Company, said: 'The Q2 2025 results reflect the strength of our strategic vision and the agility of our operations. We continue to focus on innovation in driver training, expanding our service offerings, and investing in modern technologies and artificial intelligence that enhance road safety across the UAE. These results reinforce our pivotal role as a national enabler of sustainable mobility and a trusted partner in shaping the future of transportation.' These results reaffirm Emirates Driving Company's strategic agility and sustained capacity for growth, underpinned by a commitment to service excellence and alignment with evolving market dynamics. The Company's strong financial performance is a direct outcome of its forward‑looking strategy, disciplined execution, and long‑term focus on operational resilience and financial sustainability. Dr. Ahmed Odeh, Chief Financial Officer of Emirates Driving Company, said: 'We continue to deliver robust financials supported by cost discipline, asset optimization, and targeted investments that extend our core capabilities.' Emirates Driving Company is advancing road safety through smart training technologies including AI‑driven simulations, digital learning platforms, and fully automated testing yards. These initiatives reflect the Company's vision to lead innovation in driver training and support the UAE's mobility ambitions. About Emirates Driving Company: Founded in 2000, Emirates Driving Company is the leading driving education provider in Abu Dhabi and a trusted government partner in delivering pre-licensing education programs. The company is committed to employing advanced training methodologies and digital innovations to ensure the delivery of high-quality educational experiences that align with road safety standards.
Zawya
3 days ago
- Automotive
- Zawya
Emirates Driving Company announces its financial results for H1 2025
Abu Dhabi, United Arab Emirates: Emirates Driving Company PJSC (ADX: DRIVE) today announced its financial results for the six-month period ended 30 June 2025, reporting strong revenue growth and profitability while advancing its strategic transformation. The Company recorded a net profit of AED 159 million in H1 2025, compared with AED 119 million in H1 2024, a 33 % increase. Revenue rose 101 % year‑on‑year to AED 353 million, driven by expanded training operations, higher student volumes and the full consolidation of Excellence Premier Investment LLC. Khaled Al Shemeli, Chief Executive Officer of Emirates Driving Company, said: 'The Q2 2025 results reflect the strength of our strategic vision and the agility of our operations. We continue to focus on innovation in driver training, expanding our service offerings, and investing in modern technologies and artificial intelligence that enhance road safety across the UAE. These results reinforce our pivotal role as a national enabler of sustainable mobility and a trusted partner in shaping the future of transportation.' These results reaffirm Emirates Driving Company's strategic agility and sustained capacity for growth, underpinned by a commitment to service excellence and alignment with evolving market dynamics. The Company's strong financial performance is a direct outcome of its forward‑looking strategy, disciplined execution, and long‑term focus on operational resilience and financial sustainability. Dr. Ahmed Odeh, Chief Financial Officer of Emirates Driving Company, said: 'We continue to deliver robust financials supported by cost discipline, asset optimization, and targeted investments that extend our core capabilities.' Emirates Driving Company is advancing road safety through smart training technologies including AI‑driven simulations, digital learning platforms, and fully automated testing yards. These initiatives reflect the Company's vision to lead innovation in driver training and support the UAE's mobility ambitions. About Emirates Driving Company Founded in 2000, Emirates Driving Company is the leading driving education provider in Abu Dhabi and a trusted government partner in delivering pre-licensing education programs. The company is committed to employing advanced training methodologies and digital innovations to ensure the delivery of high-quality educational experiences that align with road safety standards.
Al Etihad
3 days ago
- Business
- Al Etihad
Emirates Driving Company's net profit up by 33% YoY in H1 2025
28 July 2025 13:54 A. SREENIVASA REDDY (ABU DHABI)Emirates Driving Company, a leader in driver education in Abu Dhabi, reported a net profit of Dh158.9 million for the first half of 2025, marking a 33% increase from Dh119.29 million in the same period last company, listed on the Abu Dhabi Securities Exchange (ADX), disclosed its financial performance for the period ending 30 June 2025 in a management report published on the exchange's before tax rose by 41% year-on-year to Dh184.38 million, compared to Dh130.93 million in the first half of 2024. Operational profit stood at Dh154.31 million, up from Dh103.47 million, while EBITDA rose by 55% to Dh193.52 million. The company attributed its robust growth to higher student enrolment, geographic expansion, improved operational efficiency, and the acquisition of a new more than doubled to Dh353.34 million in the first half of the year, up 101% from Dh175.80 million in the corresponding period last year. Gross profit also climbed significantly to Dh227.39 million from Dh139.41 million. The growth came alongside a rise in direct expenses and general and administrative costs, both driven by the company's expanding scale of the increase in expenses, the company said profitability remained strong. The profit was further supported by Dh33.02 million in income from financial assets, asset sales, rental returns, and other assets slightly decreased by 1% to Dh1.66 billion as of 30 June 2025, compared to Dh1.67 billion at the end of 2024. Cash and cash equivalents, however, rose to Dh738.46 million from Dh721.73 declined by 2% to Dh1.32 billion, primarily due to dividend distributions, while liabilities increased by 6% over the same period to Dh332.46 million. Market capitalisation reached Dh3.13 billion at the end of June 2025, a modest increase from Dh3.02 billion at year-end 2024. Over a five-year period, the company's market value has grown by 65%, underscoring steady investor confidence and long-term growth.
Zawya
09-07-2025
- Automotive
- Zawya
EDC launches UAE's first eco-friendly driving training program in partnership with CarbonSifr
Abu Dhabi, UAE – In a pioneering move towards sustainability and smarter mobility, Emirates Driving Company (EDC) has officially launched 'Green Drive', the UAE's first Eco-Friendly driving training initiative, in collaboration with Abu Dhabi-based climate-tech company CarbonSifr. At Emirates Driving Company, our strategy is firmly built around sustainability as a core pillar of our operations and services. We are committed to adopting best practices that support the UAE's environmental goals. Reflecting this commitment, EDC has proudly achieved a AAA sustainability rating, the highest rating awarded by leading international agencies for exceptional performance in Environmental, Social, and Governance (ESG) practices. In line with this achievement, we have launched pioneering initiatives that bring our sustainability vision to life. One of these is the 'Green Drive' initiative, a practical step towards promoting sustainable practices by offering the UAE's first carbon-neutral driving training experience. This reflects our vision to protect the environment and contribute to the nation's goal of achieving climate neutrality. The initiative marks a significant step in EDC's ongoing commitment to environmental responsibility, aligning with the nation's net-zero ambitions and broader sustainability agenda. Green Drive ensures that the carbon emissions generated during practical driving lessons are measured and fully removed through internationally certified carbon removal projects — at no additional cost to the student. 'As the leading provider of driver training in Abu Dhabi, we recognize our role in shaping not just safer roads, but a more sustainable future,' said Khaled Al Shemeili, CEO of Emirates Driving Company. 'Green Drive is more than an initiative — it's a statement that climate responsibility belongs in every part of life, including behind the wheel.' Under the program, CarbonSifr uses internationally recognized carbon accounting methodologies to calculate the carbon footprint of each student's practical training sessions, taking into account fuel type, vehicle usage, and driving distance. These emissions are then removed through investments in globally verified environmental projects ensuring permanent and transparent carbon removal. 'Green Drive brings together innovation, data, and climate action in a simple, accessible way,' said Onur Elgun, CEO of CarbonSifr. 'The program allows students to partake in the UAE's first Eco-Friendly Driving Experience.' Initially available to students enrolled in EDC's VIP car driving license packages, the program is seamlessly integrated into the learning journey, requiring no extra steps or changes to the curriculum. Upon completion of their training, students receive a Certificate of Appreciation, acknowledging their contribution to sustainable driving education. The Green Drive program is designed to work with any vehicle type — not just electric or hybrid — and offers a unique blend of climate accountability and world-class driver instruction. EDC has plans to expand the initiative across additional license types and training packages in the coming months. This partnership reinforces EDC's role as a forward-thinking leader in driver education, leveraging technology to elevate both safety and sustainability. It also supports Abu Dhabi's broader smart mobility vision by embedding environmental thinking into the earliest stages of road use and mobility engagement. About Emirates Driving Company (EDC) Established in 2000, Emirates Driving Company is Abu Dhabi's premier provider of pre-licensing driver education and a trusted government partner in traffic safety. EDC is actively integrating artificial intelligence, virtual training, and smart yard technologies into its operations to deliver next-generation driving education across the UAE. About CarbonSifr CarbonSifr is a UAE/Abu Dhabi-based climate-tech company, part of Mubadala's Hub71 in Abu Dhabi. Dedicated to integrating climate action into everyday life, they provide technology solutions to measure, reduce, and remove businesses' carbon footprint. Recognized for its efforts, CarbonSifr is pivotal in promoting climate awareness and accelerating climate action in the Middle East. CarbonSifr is TÜV Rheinland certified and a member of the UAE Carbon Alliance, Carbon Accounting Alliance. You can find out more about CarbonSifr at
Mid East Info
08-07-2025
- Automotive
- Mid East Info
Emirates Driving Company invests in Mwasalat Holding, solidifying its position as a UAE Mobility Champion - Middle East Business News and Information
EDC acquires 22.5% stake in Mwasalat, with option to increase its shareholding to 50.6% Investment marks EDC's entry into the broader mobility sector and positions the company as a UAE mobility champion Abu Dhabi, United Arab Emirates – July 2025: Emirates Driving Company (EDC) PJSC (ADX: DRIVE), a subsidiary of Multiply Group PJSC, has agreed to acquire a 22.5% stake in Mwasalat Holdings LLC, with the option to increase its shareholding to 50.6%, subject to completion of certain conditions and relevant regulatory approvals. This strategic investment marks a major milestone in EDC's long-term growth strategy – reinforcing its position as a mobility champion, accelerating innovation, and expanding its role in delivering seamless, safe and sustainable transport across the UAE and wider region. The deal will unlock significant operational synergies, paving the way for greater profitability and long-term value creation. Building on EDC's 25-year market legacy, it will broaden the company's portfolio in line with a bold, future-focused mobility vision. By strengthening EDC's capabilities in public transport, the acquisition, once completed, will lay the groundwork for collaboration in bus and taxi operations, while creating new opportunities to enhance service quality, improve efficiency and elevate customer experience. The partnership also supports the UAE's ambition to lead in smart, technology-driven urban mobility and autonomous solutions – advancing a more inclusive, resilient and sustainable transport network for future generations. Khaled Al Shemeili, CEO of Emirates Driving Company, commented: 'Innovation is no longer a choice in the mobility sector – it is a strategic imperative. This investment in Mwasalat reflects our commitment to shaping the future of transportation by combining advanced technologies with operational excellence. Our goal is to deliver safer, more accessible and intelligent mobility solutions that meet the evolving needs of communities across the UAE. Together with Mwasalat, we will deliver a superior customer experience through digital platforms, AI-driven solutions, and seamless multi-modal transport, setting a new standard for smart mobility.' Founded and headquartered in Abu Dhabi, Mwasalat generated over AED 650 million in revenues in FY24 and operates a diverse fleet spanning public buses, taxis, school transport and corporate hire vehicles. The company has built a strong reputation for safety, innovation, and reliability, delivering accessible and efficient transport solutions that play a vital role in urban mobility across the Emirates. Omeir Al Mheiri, Managing Director at Mwasalat Holding, added: 'Our partnership with Emirates Driving Company marks the next chapter in Mwasalat's journey as a leader in integrated mobility. By combining our shared commitment to smart mobility, sustainability, digital transformation and public service excellence, we will unlock significant opportunities to enhance service delivery, operational efficiency, and customer satisfaction. Together, we aim to redefine how mobility is experienced across the UAE and deliver significant value to the communities we serve.' With this acquisition, EDC lays the foundation for a new mobility powerhouse in the region — one that leads the market by seamlessly integrating innovation, advanced technology, and artificial intelligence across every aspect of its operations. Together, EDC and Mwasalat aim to redefine the future of transportation, delivering smarter, safer, and more sustainable mobility experiences at scale. About Emirates Driving Company PJSC: Established in 2000, Emirates Driving Company (EDC) is the leading provider of pre-licensing driving education in Abu Dhabi, and the government's trusted partner in creating safer roads. EDC has digitized its curriculum and is piloting the use of augmented and virtual reality to enhance driver education. It is also transitioning its training fleet to hybrid vehicles in alignment with the Net-Zero Strategy. As part of its digital transformation strategy, Emirates Driving Company is advancing the integration of artificial intelligence across its training ecosystem. A key innovation under development is the implementation of smart yards – fully automated testing environments where vehicles conduct self-testing without human intervention. Powered by AI, computer vision, and sensor fusion technologies, these smart yards will enable autonomous assessment of driving skills, reducing human error, increasing throughput, and enhancing fairness in testing outcomes. This initiative is aligned with EDC's broader goal to create a data-driven, intelligent training infrastructure that not only improves operational efficiency but also elevates safety standards and learner experience across the UAE. The smart yard project positions EDC at the forefront of next-generation mobility education in the region. EDC is a key contributor to the Abu Dhabi Road Safety Education Committee and works in close collaboration with Abu Dhabi Mobility on traffic safety, smart mobility, and training innovation initiatives. About Mwasalat Holding LLC: Mwasalat Holding LLC is a leading UAE-based integrated mobility services company, focused on transforming public and private transport through innovation, safety, and customer-centric operations. With services covering public bus systems, taxi fleets, school and corporate transport, Mwasalat plays a strategic role in delivering smart, inclusive and sustainable mobility solutions across the country.
