Emirates Driving Company

Emirates Driving Company (DRIVE), listed on the Abu Dhabi Securities Exchange (ADX), has appointed Q Market Maker LLC (QMM) as a liquidity provider, effective November 25, 2024. This agreement aims to enhance liquidity for DRIVE shares on ADX by providing bid-ask quotes in accordance with guidelines from ADX and the UAE Securities and Commodities Authority. The initiative seeks to improve liquidity and increase investor confidence in DRIVE's publicly traded shares.

On November 5, 2024, the Emirates Driving Company PJSC held a Board of Directors meeting from 12:00 p.m. to 2:40 p.m. Five board members were present, achieving a 100% quorum. The board discussed the company's workflow and project progress. The meeting's decisions and resolutions were documented, with Mr. Khaled Al Shemeili, the CEO, serving as the authorized signatory. The company's seal was also affixed to the disclosure of the meeting results.

The scheduled Board of Directors meeting for Emirates Driving Company (DRIVE), initially set for Wednesday, October 30, 2024, has been postponed to Tuesday, November 5, 2024, at 12:00 PM. This change is in line with the principles of disclosure and transparency.

The document is a Management Discussion and Analysis Report for Emirates Driving Company P.J.S.C., covering the period ending on September 30, 2024.

The document is the interim condensed consolidated financial statements for Emirates Driving Company P.J.S.C. as of September 30, 2024. These statements are unaudited and provide financial information about the company's performance up to that date.

The Emirates Driving Company PJSC has scheduled a Board of Directors meeting for Wednesday, October 30, 2024, at 12:00 pm. The agenda includes discussing business matters and the progress of company projects. The authorized signatory for this disclosure is Khaled Al Shemeili, the Chief Executive Officer, with the document dated October 24, 2024.

The Emirates Driving Company P.J.S.C. has released its Management Discussion and Analysis Report for the period ending on June 30, 2024. More details can be found on their official website, www.edcad.ae.

Emirates Driving Company P.J.S.C. has released its unaudited interim condensed consolidated financial statements for the period ending 30 June 2024.

Emirates Driving Company PJSC (ADX: DRIVE), a subsidiary of Multiply Group, has acquired a 51% stake in Excellence Premier Investment LLC, the parent company of Excellence Driving Centre. This acquisition is part of Emirates Driving Company's efforts to expand and enhance its services. Both entities will collaborate to develop advanced training curricula and customized programs to meet diverse user needs. The acquisition aligns with EDC's strategic priorities, including sustainable growth and achieving national and international accreditation for driver education. Khaled Al Shemeili, CEO of Emirates Driving Company, stated that this partnership will help advance their vision of providing top-tier driver education services, increasing shareholder value, and enhancing road safety in the region. Founded in 2020, Excellence Driving Centre is known for its customer-centric approach and modern facilities in Dubai. Emirates Driving Company is recognized for its efficiency, innovation, and commitment to high safety standards in driver education.

On 22 July 2024, the Abu Dhabi Securities Exchange was informed that Emirates Driving Company PJSC has acquired a 51% stake in Excellence Premier Investment LLC, the parent company of Excellence Driving Centre, for AED 153 million. This acquisition is part of Emirates Driving Company's strategy to expand and enhance its services. Excellence Driving Centre, founded in 2020, provides comprehensive vehicle driving education in Dubai through over 20 strategic locations and is known for its customer-centric approach and modern facilities.