In a move set to redefine the UAE’s mobility landscape, Multiply Group’s subsidiary, Emirates Driving Company (EDC), has completed the acquisition of a 22.5% stake in Mwasalat Holding — with an open road ahead to raise that share to a commanding 50.6%.
The deal isn’t just a financial play; it’s a deliberate pivot toward shaping the future of transport in the UAE. For EDC, long recognized for its leadership in driving education, this marks its evolution into a fully integrated mobility force — agile, tech-forward, and tuned to the accelerating rhythm of modern transport.
Samia Bouazza, Group CEO and Managing Director of Multiply Group, said the acquisition cements EDC’s transformation “from a driving education provider into a fully integrated mobility player.” The shift, she added, ensures the company remains relevant in a rapidly evolving sector while creating a foundation for sustainable, long-term growth.
Khaled Al Shemeili, CEO of EDC, described the partnership as a bold signal of confidence in the UAE’s transport industry. “This investment underscores our commitment to shaping the future of transportation — blending innovation with operational excellence to deliver safer, smarter, and more connected mobility solutions,” he said.
Echoing that vision, Omeir Al Mheiri, Managing Director at Mwasalat Holding, called the collaboration a milestone moment. “Together, we can drive new synergies in smart mobility, sustainability, and digital transformation — enhancing customer experience and building a more connected future for the UAE.”
Founded in Abu Dhabi, Mwasalat Holding is a transport powerhouse with more than AED 650 million in annual revenue, operating a fleet that includes over 1,000 public and private buses, 2,500 taxis, and 5,500 rental vehicles. With 5,000 employees and a reputation for safety and reliability, the company serves as a key pillar in the nation’s transport ecosystem.
For EDC, the acquisition signals more than expansion — it’s a strategic leap toward building a regional mobility leader driven by technology, artificial intelligence, and a commitment to sustainability. Together with Mwasalat, EDC aims to set new benchmarks for seamless and intelligent transport systems across the Emirates.
The move follows Multiply Group’s series of recent strategic acquisitions, underscoring its focus on building long-term value and advancing transformative platforms across its investment verticals.
