| Market: Abu Dhabi | Symbol: DRIVE | ISIN: AEE000601014 | Industry: Consumer Discretionary |
Established in 2000, Emirates Driving Company or EDC is the foremost drivers training and road safety institute in Abu Dhabi. EDC is a public joint company partially owned by the government of Abu Dhabi.
From the outset, EDC formed a partnership with Swedish Road Authority (SWEROAD) to implement the best practices in drivers training and road safety education in the emirate.
The Company sets a Quality Management system to fulfil the ISO 9001- 2015 requirements which is certified in 2007 and the OHSAS 18001-2007 in 2013.
From the outset, EDC formed a partnership with Swedish Road Authority (SWEROAD) to implement the best practices in drivers training and road safety education in the emirate.
The Company sets a Quality Management system to fulfil the ISO 9001- 2015 requirements which is certified in 2007 and the OHSAS 18001-2007 in 2013.
| Share data | 09/05/2025 | ||
| Currency | AED | Volume | 172,548 |
| Previous Close | 2.59 | Number of Shares (mil) | 1,077.44 |
| Change (%) | -1.15 | Market Cap (mil) | 2,790.56 |
| Key figures (AED’000) | 2021 | 2022 | 2023 |
|---|---|---|---|
| Income statement | |||
| Revenue | 260,090 | 339,418 | 355,642 |
| Gross profit | 211,764 | 276,254 | 281,635 |
| Profit for the year | 168,003 | 253,408 | 267,148 |
| Balance sheet | |||
| Total assets | 911,649 | 1,091,364 | 1,257,187 |
| Total equity | 805,541 | 971,760 | 1,149,555 |
| Total liabilities | 106,108 | 119,604 | 107,632 |
| Cash flow | |||
| Net cash generated from operating activities | 187,812 | 259,524 | 219,279 |
| Net cash used in investing activities | (104,559) | 31,275 | (166,485) |
| Net cash from used in financing activities | (93,430) | (88,996) | (93,635) |
| Cash and cash equivalents at 31 December | 273,131 | 474,934 | 434,093 |
| Key indicators | |||
| Basic and diluted earnings per share (AED) | 1.87 | 0.24 | 0.25 |
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