Emirates Driving Company

Ticker/ISIN
DRIVE
AEE000601014
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
3.22 AED
2024-02-21

Year to date

-0.92 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

Latest Pressrelease Summaries

Emirates Driving Company
**Summary:** On June 6, 2024, the Board of Directors of Emirates Driving Company PJSC met from 2:00 p.m. to 3:40 p.m. Four board members were present, achieving an 80% quorum. Key decisions included proceeding with the acquisition of a stake in a domestic company, with details to be disclosed after completing official procedures and negotiations. The board also discussed the company's workflow and project progress. The meeting's resolutions were signed and dated by CEO Mr. Khaled Al Shemeili.
Emirates Driving Company
On June 6, 2024, the Board of Directors of Emirates Driving Company PJSC held a meeting from 2:00 p.m. to 3:40 p.m. with four board members present, achieving an 80% quorum. The board agreed to proceed with the acquisition of a stake in a domestic company, with details to be disclosed after completing official procedures and negotiations. Additionally, the board discussed the company's workflow and project progress. The meeting was authorized and signed by CEO Khaled Al Shemeili on June 7, 2024.
Emirates Driving Company
Emirates Driving Company (EDC) has received a top AAA ESG rating from MSCI, scoring 9.7 out of 10, the highest in the consumer services industry as of March 2024. This rating reflects EDC's commitment to sustainability, social responsibility, and governance. EDC began its sustainability efforts in 2020 and has since integrated sustainability into its corporate strategy and developed a comprehensive Sustainability Strategy and ESG Governance Framework. In 2023, EDC launched an ESG Transformation Program aimed at achieving Net-Zero emissions by 2050 and addressing broader social impacts. CEO Khaled Al Shemeili highlighted the company's dedication to sustainability and responsible business practices.
Emirates Driving Company
On March 27th, 2024, the Emirates Driving Company PJSC held its Annual General Meeting, both physically and virtually, from 01:00 pm to 01:20 pm. The meeting was chaired by H.E. Khalifa Abdulla Al Romaithi. The quorum was 63.30% of the total attendance, all of which were through electronic voting. The assembly approved the Board of Directors' Report, the Auditor's Report, the Company's balance sheet and profit and loss account for the fiscal year ended on 31/12/2023. The proposal for distributing cash dividends by 34% of paid capital, totalling AED 183,164,256, was approved. The assembly also approved the remuneration of the Board of Directors and discharged the members of the board and the auditors for the fiscal year ended on 31/12/2023.
Emirates Driving Company
The text refers to the unaudited interim condensed consolidated financial statements of Emirates Driving Company P.J.S.C. as of 31 March 2024.
Emirates Driving Company
The text is the Q1 2024 Management Discussion and Analysis Report from Emirates Driving Company P.J.S.C. It is likely to contain information about the company's financial performance, business strategies, market analysis, and future outlook. This document is intended for stakeholders and those interested in the company's financial health and business operations.
Emirates Driving Company
On March 27th, 2024, the Emirates Driving Company PJSC held its Annual General Meeting, both physically and virtually, from 1:00 pm to 1:20 pm. The meeting, chaired by Khalifa Abdulla Al Romaithi, had a quorum of 63.30% attendance through electronic voting. During the meeting, the Board of Directors' report on the company's activity and financial position for the fiscal year ending on December 31, 2023, was approved. The Auditor's report for the same fiscal year was also approved. The company's balance sheet and profit and loss account for the fiscal year were approved. The Board's proposal to distribute cash dividends by 34% of paid capital for the fiscal year, amounting to AED 183,164,256 or 17 fils per share, was approved. Proposals concerning the remuneration of the Board of Directors and discharging the board members and auditors for the fiscal year 2023 were also approved.
Emirates Driving Company
Emirates Driving Company, established in 2000, is a public shareholding company partly owned by the Abu Dhabi Government. The company was founded to reduce traffic accidents and enhance driver training. They have collaborated with the Swedish National Road Safety Commission (SweRoad) to develop an advanced driving education system. The company has received multiple ISO certifications over the years, including ISO 9001-2008, ISO 14001:2015, ISO 39001:2012, and ISO 31000:2018, reflecting their commitment to quality, environmental management, road safety, and risk management respectively. Their vision is to lead in promoting safer roads in the region, and their mission involves investing in new technologies and innovative operating models. The company's executive management is committed to providing high-quality traffic culture and leadership training, increasing traffic safety awareness, and exceeding customer expectations.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

ADX Disclosures: DRIVE Resumption Notice

**Summary:** On June 6, 2024, the Board of Directors of Emirates Driving Company PJSC met from 2:00 p.m. to 3:40 p.m. Four board members were present, achieving an 80% quorum. Key decisions included proceeding with the acquisition of a stake in a domestic company, with details to be disclosed after completing official procedures and negotiations. The board also discussed the company's workflow and project progress. The meeting's resolutions were signed and dated by CEO Mr. Khaled Al Shemeili.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

Disclosures: Emirates Driving Company Board Meeting Results held on 06/06/2024 at 14:00

On June 6, 2024, the Board of Directors of Emirates Driving Company PJSC held a meeting from 2:00 p.m. to 3:40 p.m. with four board members present, achieving an 80% quorum. The board agreed to proceed with the acquisition of a stake in a domestic company, with details to be disclosed after completing official procedures and negotiations. Additionally, the board discussed the company's workflow and project progress. The meeting was authorized and signed by CEO Khaled Al Shemeili on June 7, 2024.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

ADX Disclosures: Temporary suspension of trading on the shares of Emirates Driving Company on 06 Jun 2024

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

Disclosures: Emirates Driving Company Announcement of Board Meeting to be held on 06/06/2024 at 14:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

Disclosures: Emirates Driving achieves Top (AAA) Score from a Leading ESG Rating Provider

Emirates Driving Company (EDC) has received a top AAA ESG rating from MSCI, scoring 9.7 out of 10, the highest in the consumer services industry as of March 2024. This rating reflects EDC's commitment to sustainability, social responsibility, and governance. EDC began its sustainability efforts in 2020 and has since integrated sustainability into its corporate strategy and developed a comprehensive Sustainability Strategy and ESG Governance Framework. In 2023, EDC launched an ESG Transformation Program aimed at achieving Net-Zero emissions by 2050 and addressing broader social impacts. CEO Khaled Al Shemeili highlighted the company's dedication to sustainability and responsible business practices.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

ADX Disclosures: DRIVE Resumption Notice

On March 27th, 2024, the Emirates Driving Company PJSC held its Annual General Meeting, both physically and virtually, from 01:00 pm to 01:20 pm. The meeting was chaired by H.E. Khalifa Abdulla Al Romaithi. The quorum was 63.30% of the total attendance, all of which were through electronic voting. The assembly approved the Board of Directors' Report, the Auditor's Report, the Company's balance sheet and profit and loss account for the fiscal year ended on 31/12/2023. The proposal for distributing cash dividends by 34% of paid capital, totalling AED 183,164,256, was approved. The assembly also approved the remuneration of the Board of Directors and discharged the members of the board and the auditors for the fiscal year ended on 31/12/2023.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

Disclosures: Emirates Driving Company Financial Results for the Period Ended March 31,2024

The text refers to the unaudited interim condensed consolidated financial statements of Emirates Driving Company P.J.S.C. as of 31 March 2024.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

Disclosures: Emirates Driving Company Management Discussion and Analysis Report for the Period Ended March 31,2024

The text is the Q1 2024 Management Discussion and Analysis Report from Emirates Driving Company P.J.S.C. It is likely to contain information about the company's financial performance, business strategies, market analysis, and future outlook. This document is intended for stakeholders and those interested in the company's financial health and business operations.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

Disclosures: Emirates Driving Company AGM Results held on 27/03/2024 at 13:00

On March 27th, 2024, the Emirates Driving Company PJSC held its Annual General Meeting, both physically and virtually, from 1:00 pm to 1:20 pm. The meeting, chaired by Khalifa Abdulla Al Romaithi, had a quorum of 63.30% attendance through electronic voting. During the meeting, the Board of Directors' report on the company's activity and financial position for the fiscal year ending on December 31, 2023, was approved. The Auditor's report for the same fiscal year was also approved. The company's balance sheet and profit and loss account for the fiscal year were approved. The Board's proposal to distribute cash dividends by 34% of paid capital for the fiscal year, amounting to AED 183,164,256 or 17 fils per share, was approved. Proposals concerning the remuneration of the Board of Directors and discharging the board members and auditors for the fiscal year 2023 were also approved.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Emirates Driving Company

Disclosures: Emirates Driving Company Integrated Report December 31,2023

1. Attached Document

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