Emirates Driving Company Announces 34% Dividend Payout for 2024

Emirates Driving Company, listed on the Abu Dhabi Securities Exchange, has announced a 34% dividend payout for 2024, amounting to AED183,164,256. The company remains committed to sustainable growth by investing in technology and human capital. The Board aims to strengthen financial and operational positions through strategic collaborations.

Emirates Driving Company, a major entity on the Abu Dhabi Securities Exchange, disclosed its decision to distribute a 34% cash dividend to its shareholders for the fiscal year ending 2024. Announced during the General Assembly meeting on March 11, 2025, this dividend totals AED183,164,256, translating to 17 fils per share and a 6.25% return based on the recent closing price.

The company's decision reflects its unwavering strategy of rewarding shareholders consistently by distributing dividends. The Board of Directors reaffirmed their commitment to bolstering the company's strategic objectives and improving both financial stability and operational efficacy through investments in cutting-edge technologies, including Artificial Intelligence (AI), and prioritizing human capital.

The Board highlighted the need for cohesive efforts across executive management and various business units to achieve growth targets and expand into new sectors. The directors also praised the company's 25-year leadership in the driving education market and its mission to nurture a safe driving culture within the community.

(With inputs from agencies.)