Emirates Driving Co (DRIVE)

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News

5 May 01:37 PM Emirates Driving’s consolidated profit edges up to AED 64m in Q1-24

Abu Dhabi – Mubasher: Emirates Driving Company’s consolidated net profit after tax inched higher to AED 63.97 million in the first quarter (Q1) of 2024 from AED 63.15 million in the same quarter last year. Revenues increased to AED 90.14 million …

Financial Results

11 January 12:24 PM Emirates Driving’s shareholders greenlight stock split, capital hike

Abu Dhabi – Mubasher: The shareholders of Emirates Driving Company approved the board’s recommendation to split of share nominal value, according to a bourse statement. The firm will reduce the share nominal value to 50 fills, instead of AED 1. …

General Assembly

1 January 2023 00:00 PM Emirates Driving to pay AED 13.5m dividends for Q4-22

Abu Dhabi – Mubasher: The board of Emirates Driving Company agreed to distribute interim cash dividends worth AED 13.46 million, equivalent to 15% of the paid-up capital, for the fourth quarter (Q4) of 2022. The UAE-based firm will disburse AED …

Cash Dividends

30 June 2022 01:55 PM Emirates Driving announces 15% of capital as dividends for Q2-22

Abu Dhabi – Mubasher: The board of Emirates Driving Company approved the distribution of AED 13.46 million, representing 15% of the capital, as cash dividends for the second quarter (Q2) of 2022. The company will pay AED 0.15 per share for the …

Board of Directors

29 June 2021 02:45 PM IHC's unit acquires 11% stake in Emirates Driving Company

Abu Dhabi – Mubasher: The subsidiary of International Holdings Company (IHC), Multiply Marketing Consultancy, has acquired 11.25% of the total issued shares of Emirates Driving Company in a big block trade. Multiply Marketing Consultancy has …

Companies Investments

24 February 2021 09:56 AM Emirates Driving's board proposes 100% dividends for 2020

Abu Dhabi - Mubasher: The board of Emirates Driving Co (Drive) has recommended distributing cash dividends, equivalent to 100% of the paid capital, for 2020. The cash dividend distribution aggregates at a total amount of AED 89.79 million, …

Board of Directors

27 January 2019 05:19 PM Emirates Driving recommends AED 50m dividends for 2018

Abu Dhabi — Mubasher: Emirates Driving Co (Drive) on Sunday announced that its board of directors recommended the distribution of cash dividends for the full-year 2018. The company noted that its board proposed the payment of AED 0.60 per share, …

General Assembly

4 September 2017 05:20 PM Emirates Driving buys residence at AED 176m

Abu Dhabi – Mubasher: Emirates Driving Institute on Monday announced that it acquired a residential building in Saadiyat Island for AED 176 million ($47.9 million). The acquisition was part of the company’s plan to diversify its investments, the …

Companies Investments

26 March 2017 09:08 AM Emirates Driving approves 60% dividends for FY16

Abu Dhabi – Mubasher: Emirates Driving Company said that its shareholders approved 60% cash dividends or 60 fils per share for fiscal year 2016, according to a bourse statement. The company’s board had earlier proposed 30% dividends for FY16. The …

Corporate Actions

7 March 2017 02:02 PM MubasherTrade sets Emirates Driving PT at AED 19.61

Abu Dhabi – Mubasher: MubasherTrade set Emirates Driving Company’s price target (PT) at AED 19.61, according to a statement. Allowing foreigners to own the company’s shares will have a positive impact on the stock as this step will attract new …

Stock Evaluations

8 March 2016 03:17 PM Emirates Driving Company to discuss FY15 dividends

Abu Dhabi-Mubasher: Emirates Driving Company said that its shareholders’ meeting will be held on 10 April to discuss cash dividends for the fiscal year 2015, according to a bourse filing. The board proposed a dividends payout of 30 fils per share, …

Corporate Actions

14 February 2016 11:54 AM Emirates Driving announces 20% profit rise in fourth quarter

Abu Dhabi-Mubasher: Emirates Driving Company reported a 20% profit growth to AED 19 million ($5.2 million) in the fourth quarter of 2015, compared to AED 15.87 million ($4.32 million) in the same quarter of 2014, according to a bourse filing on …

Financial Results

11 November 2015 01:00 PM Emirates Driving 9M profits jump 49%

Abu Dhabi-Mubasher: Emirates Driving Company reported a 49% profit growth to AED 78.6 million ($21.4 million) in the first half of 2015, compared to AED 52.66 million in the same period of 2014, according to a bourse filing on Wednesday. Profits …

Financial Results

10 August 2015 02:41 PM Emirates Driving H1 profits surge 48%

Abu Dhabi-Mubasher: Emirates Driving Company reported a 48% jump in profits to AED 52.9 million in the first half of 2015, compared to AED 35.73 million in the same period of 2014. Profits increased 38.8% to AED 28.75 million in Q2-15 from AED …

Financial Results

19 February 2015 03:54 PM Emirates Driving profit leaps 65% in FY14

 Abu Dhabi – Mubasher: Emirates Driving Co. announced its financials for 2014 in a bourse filing to the Abu Dhabi Securities Exchange (ADX) and reported a significant growth by 65% to AED 62.515 million ($17.02 million) compared to AED 37.94 …

Financial Results

8 October 2014 08:54 AM Emirates Driving appoints new CEO

Emirates Driving Company (DRIVE) announced, in a statement to the Abu Dhabi Securities Exchange (ADX), its appointment of Khaled Khalifa Hamdan Salmen Al Mansouri as chief executive officer (CEO) for the Company, …

Corporate Actions

23 September 2014 04:28 PM ADX falls below expectations for third session, sheds 0.6%

The Abu Dhabi Securities Exchange ended Tuesday in the red for the third successive session as the benchmark index declined by 0.6% or 30.73 pts to 5119.07 pts.A total of 54.937 million shares traded today at a turnover of AED 247.763 …

Trading Activities