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businesspress > Blog > Business > UAE: Emirates Driving Company Acquires a Majority Share in the Parent Company of Excellence Driving Centre
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UAE: Emirates Driving Company Acquires a Majority Share in the Parent Company of Excellence Driving Centre

BusinessPress
Last updated: July 22, 2024 7:16 am
BusinessPress
Published July 22, 2024
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EDC, a Multiply Group subsidiary, has taken a 51 percent majority share in Excellence Premier Investment, which owns Excellence Driving Centre.

The acquisition will assist both parties in creating cutting-edge training programs and specialized training curricula.

Excellence Driving Centre is a valuable addition to our company due to its high market value and exceptional customer satisfaction. Together, we can work to achieve the best outcomes for our customers and expand our services to become the regional leader, which will ultimately improve road safety throughout the entire region. Emirates Driving Company CEO Khaled Al Shemeili said, “This will increase shareholder value and diversify our driving education offerings across various markets.

Excellence Driving Centre was established in 2020 and now operates a network of more than 20 key locations throughout the city.

Since opening its driving centre, Excellence Premier Investment has been dedicated to providing an outstanding customer experience. It has expanded into delivery services, limousine services, and auto workshop operations.

Emirates Driving Company, an Abu Dhabi-based company, provides a training environment that helps drivers acquire the skills required to drive safely and confidently.

The first quarter profit for Emirates Driving Company in 2024 was Dh63.97 million, a marginal increase over Dh63.15 million in the same period the previous year.

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