Emirates Driving Company (EDC) , a subsidiary of Multiply Group , has acquired a 22.5% stake in Mwasalat Holding , with an option to increase its share to 50.6% . The move marks EDC's expansion from driving education into the broader mobility sector , aligning with Multiply Group's growth strategy. Mwasalat , which operates over 9,000 vehicles and employs 5,000+ staff , generated AED 650 million in 2024 revenue. The partnership aims to drive innovation, smart mobility, and sustainability across the UAE's transport landscape. (ICE DUBAI)

Fonte notizia: https://www.arabianbusiness.com/