Emirates Driving Co (DRIVE)

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News

22 February 04:23 AM Emirates Driving Company announces intent to acquire a majority stake in performise labs

Abu Dhabi – Mubasher: Emirates Driving Company, a subsidiary of 2PointZero Group, has announced its intention to acquire a 51% majority stake in AI solutions firm Performise Labs, according to a bourse disclosure. Subject to regulatory approvals …

Mergers and Acquisitions

18 February 06:52 PM Emirates Driving’s board proposes rebranding, AI firm acquisition

Abu Dhabi - Mubasher: The board members of Emirates Driving Company recommended changing its trade name to Emirates Mobility Company. On 18 February 2026, the board also proposed acquiring a 51% stake in Performise Labs FZ-LLC, a Dubai-based AI …

Companies Investments

29 January 03:20 PM Emirates Driving delivers strong performance in 2025 with 22% hike in net profits

Abu Dhabi - Mubasher: Emirates Driving Company reported an annual surge of 22% in net profits after tax to AED 345.86 million during 2025, compared to AED 282.36 million. The basic and diluted earnings per share (EPS) totaled AED 0.31 at the end …

Financial Results

26 October 2025 07:38 AM Emirates Driving witnesses solid profitability in 9M-25; revenues near AED 563m

Abu Dhabi - Mubasher: Emirates Driving Company posted 31% year-on-year (YoY) higher net profits after tax at AED 271.89 million in the first nine months (9M) of 2025, versus AED 206.79 million. Basic and diluted earnings per share (EPS) increased …

Financial Results

21 October 2025 03:04 PM Emirates Driving completes acquisition of 22.5% stake in Mwasalat Holding

Abu Dhabi - Mubasher: Emirates Driving Company, a subsidiary of Multiply Group, has acquired a 22.50% stake in Mwasalat Holding, with an option to increase its share to 50.60%, according to a press release. The move expands Emirates Driving’s …

Mergers and Acquisitions

28 April 2025 01:57 PM Emirates Driving’s net profits rise 8% in Q1-25

Abu Dhabi – Mubasher: Emirates Driving Company generated AED 68.80 million in net profit after tax during the first quarter (Q1) of 2025, an annual rise of 8% from AED 63.97 million. Revenues hiked by 85% to AED 167.10 million in Q1-25 from AED …

Financial Results

2 February 2025 06:38 PM Emirates Driving’s profits up to AED 282.5m in 2024

Abu Dhabi – Mubasher: Emirates Driving Company logged net profits after tax worth AED 282.36 million in 2024, up 6% from AED 267.14 million in 2023. Revenues increased by 44% to AED 512.92 million last year from AED 355.64 million in the …

Financial Results

22 July 2024 09:57 AM Emirates Driving acquires AED 153m stake in Excellence Premier

Abu Dhabi – Mubasher: Emirates Driving Company has acquired a 51% equity ownership in Excellence Premier Investment, the parent company of Excellence Driving Centre, at a value of AED 153 million. The transaction is part of the listed company’s …

Companies Investments

5 May 2024 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 2024 00:24 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 …

Board of Directors

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 …

Cash Dividends

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, …

Cash Dividends

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, …

Corporate Actions

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 …

Cash Dividends

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, …

Event

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 …

Company News

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, …

Banking and Finance

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 …

Stock Evaluations