"Emirates Driving School" It completes its strategic investment in Mowasalat Holding Company

3 hours ago

2 minutes read

Abu Dhabi, October 20 / WAM / Multiplay Group announced that its subsidiary, Emirates Driving Company, has officially closed the deal to acquire a 22.5% stake in Mowasalat Holding Company, with the option to raise this stake to 50.6%.

This strategic investment reflects Emirates Driving Company’s drive to achieve long-term sustainable growth, and confirms its leading position in the mobility sector, by accelerating the pace of innovation and enhancing its contribution to providing safe, reliable and sustainable transportation solutions within the United Arab Emirates and across the region.

Samia Bouazza, CEO and General Manager of Multiplay Group, said that this acquisition contributes to strengthening the position of the Emirates Driving Company and giving greater momentum to its qualitative transformation process from a provider of driving education services to a major player in the mobility sector system, by focusing on flexibility of performance, innovation and the ability to keep pace with the future needs of the sector, expressing confidence that this step will ensure that the company maintains its leadership position in the field. It is witnessing rapid changes, while enhancing its ability to achieve sustainable growth in the long term.

For his part, Khaled Al-Shamili, CEO of Emirates Driving Company, said that investing in Mowasalat reflects the firm confidence in the transportation sector in the UAE and its promising prospects, and embodies the commitment of Emirates Driving Company to contribute to shaping the future of this sector by employing the latest technologies and enhancing performance efficiency, and continuing our mission aimed at providing safer, more flexible and innovative transportation solutions that meet the growing needs. For communities across the country.

Omair Al Muhairi, General Manager of Mowasalat Holding, said that the partnership with Emirates Driving School is an important milestone for Mowasalat Holding and for the transportation system in the UAE. It represents an opportunity to enhance integration and advance the process of smart mobility, sustainability and digital transformation, in addition to improving the quality of services, efficiency of operations and customer experience, which contributes to building a more innovative and sustainable transportation system capable of keeping pace with future requirements.

Mowasalat Company was established in Abu Dhabi and has its headquarters there. It recorded revenues exceeding 650 million dirhams during the fiscal year 2024.

The company operates a diverse fleet that includes more than 1,000 public and private transport buses, more than 2,500 taxis, and more than 5,500 rental vehicles distributed throughout the UAE.

More than 5,000 employees work within the company’s system who contribute to operating a unified transportation network that contributes to serving communities and meeting the needs of companies throughout the country.

Over the course of its journey, Mowasalat has succeeded in establishing its position as a leading company in the areas of safety, innovation and reliability, providing effective and easy transportation solutions that play a pivotal role in enhancing mobility throughout the country.

Through this acquisition, Emirates Driving Company consolidates its position as a major player in the region’s transportation sector, by integrating innovation, advanced technologies, and artificial intelligence solutions into various aspects of its operations, enhancing its ability to lead the market and develop future transportation services.

Thanks to its operational efficiency and strategic deployment, “Mwasalat” continues to play a vital role in shaping the features of the transportation sector throughout the United Arab Emirates.

Through its integrated services system and its firm commitment to quality, the group contributes to supporting national efforts to establish an efficient, flexible and sustainable transport infrastructure, and keeps pace with the vision of the Emirates Driving Company, which aims to build an advanced transport sector ready for the requirements of the future.