Published on : 24 December 2025
Emirates Driving Company (EDC) has strengthened its position in the UAE mobility sector through the acquisition of a 22.5% stake in Mwasalat Holdings, with an option to increase its share to 50.6%. This investment marks EDC’s entry into the broader mobility sector and solidifies the company’s position as a “mobility pioneer” in the UAE. The deal underscores the company’s commitment to investing in the future of transportation and developing smart and sustainable mobility solutions across the region.
Abu Dhabi, UAE; October 21, 2025 – Emirates Driving Company (ADX: DRIVE), the leading driving education provider in Abu Dhabi and a subsidiary of Multiply Group (ADX: MULTIPLY), an Abu Dhabi-based global investment holding company, announced the completion of its acquisition of a 22.5% stake in Mwasalat Holdings LLC, with an option to increase this stake to 50.6%.
This strategic investment reflects EDC’s long-term growth strategy and aims to reinforce its position as a “mobility pioneer” focused on accelerating innovation and expanding its role in providing integrated, safe, and sustainable transportation solutions across the UAE and the region.
Commenting on the transaction, Khaled Al Shammili, CEO of Emirates Driving Company, said: “Investing in Mwasalat sends a strong message of confidence about the UAE mobility sector and its readiness for further growth. It also reflects Emirates Driving Company’s commitment to shaping the future of transportation by combining advanced technologies with operational excellence, in line with our vision and mission to deliver safer, more accessible, and smarter mobility solutions that meet the evolving needs of communities across the country. We are particularly excited about new opportunities in smart mobility in collaboration with Mwasalat.”
Founded in 2000 and headquartered in Abu Dhabi, Emirates Driving Company (EDC) is the leading provider of driving education in the emirate and a trusted government partner in promoting road safety across the UAE. This year, the company celebrates its 25th anniversary, having trained over two million learners from various demographics, contributing to the development of a generation of drivers who embody responsibility, competence, and road awareness.
Amir Al Muhairi, General Manager of Mwasalat Holdings, added: “The partnership with Emirates Driving Company represents an exciting new chapter not only for Mwasalat but also for integrated transportation in the UAE. This is an opportunity to drive synergies that enhance smart mobility, sustainability, digital transformation, and excellence in public services. As part of this, we have the potential to improve service delivery, operational efficiency, and customer satisfaction for the benefit of the UAE and its communities.”
Headquartered in Abu Dhabi, Mwasalat Holdings generated revenues exceeding AED 650 million in FY 2024. The company operates a diverse fleet of over 1,000 public buses, more than 3,500 taxis, and over 5,500 rental vehicles across the UAE. With a workforce exceeding 5,000 employees, Mwasalat manages a unified transportation network that supports communities and businesses nationwide.
Through this acquisition, Emirates Driving Company lays the foundation for a new mobility powerhouse in the region, leading the market by seamlessly integrating innovation, advanced technology, and artificial intelligence across all aspects of its operations. Mwasalat Holdings, driven by operational excellence and strategic reach, continues to play a vital role in enhancing the UAE’s mobility landscape. Through its integrated services and commitment to quality, the group supports national efforts to build a seamless, efficient, and sustainable transport infrastructure, in line with Emirates Driving Company’s vision for the future of mobility.
