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Emirates Driving Co (DRIVE)

Last update: 28 March 02:55 PM market time.
3.12
0.01
0.32%
Open 3.12
Previous Close 3.10
High 3.17
Low 3.10
Stock Statistics
Volume 206,279
Turnover 643,760.25
All data are 15 minutes late during market session

News

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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. …
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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 …
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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 …
Multiply Marketing Consultancy purchased 10.104 million shares in Emirates Driving
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 …
The dividend distribution aggregates at a total amount of AED 89.79m
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, …
This proposal is submitted to the 2018 General Assembly meeting for approval
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, …
The acquisition was a part of the company’s investment plan to diversify its investments
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 …
(Photo Credit: Company Website)
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 …
The stock is valued at 17x 2016 earnings, with expectations of the stock price to rise by 112% (Photo Credit: Company Website)
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 …
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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, …
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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 …
Photo Credit: Arabianeye-Reuters
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 …
Photo Credit: Arabianeye-Reuters
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 …
Photo Credit: Arabianeye-Reuters
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 …
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, …
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 …