Emirates Driving Company Buys 51% of Excellence Premier Investment
Emirates Driving Company, a part of Multiply Group, has announced the acquisition of a 51% stake in Excellence Premier Investment, the parent company of Excellence Driving Centre. This acquisition is part of EDC’s efforts to expand and enhance its services.
Strategic Growth
EDC aims for sustainable growth and is exploring opportunities locally and across the GCC. The company is also working towards achieving national and international accreditation for excellence in driver education.
CEO’s Statement
Khaled Al Shemeili, CEO of Emirates Driving Company, said, “With its high market value and exceptional customer satisfaction, Excellence Driving Centre will become a valuable addition to our company. Together, we will collaborate to achieve the best outcomes for our customers and expand our services to become the regional leader, ultimately enhancing road safety across the entire region.”
Company Background
Excellence Driving Centre was established in 2020, while Emirates Driving Company was founded in 2000.
Doubts Revealed
Emirates Driving Company -: Emirates Driving Company (EDC) is a company that helps people learn how to drive safely. It was started in the year 2000.
Multiply Group -: Multiply Group is a big company that owns different businesses, including Emirates Driving Company. They help these businesses grow and succeed.
51% stake -: A 51% stake means that Emirates Driving Company now owns more than half of Excellence Premier Investment. This gives them control over the company.
Excellence Premier Investment -: Excellence Premier Investment is a company that owns Excellence Driving Centre, which is a place where people can learn to drive.
Excellence Driving Centre -: Excellence Driving Centre is a driving school that helps people learn how to drive. It was started in the year 2020.
CEO Khaled Al Shemeili -: Khaled Al Shemeili is the Chief Executive Officer (CEO) of Emirates Driving Company. He is the person in charge of making important decisions for the company.
sustainable growth -: Sustainable growth means growing in a way that can be maintained over a long time without causing problems. It’s like growing a plant slowly and steadily so it stays healthy.
international accreditation -: International accreditation means getting recognized by organizations around the world for meeting high standards. It’s like getting a gold star for doing a great job that everyone can see.
