Press releases, Reports & Disclosures for Emirates Driving Company

Emirates Driving Company, established in 2000, is a public shareholding company partly owned by the Abu Dhabi Government. The company was founded to reduce traffic accidents and enhance driver training. They have collaborated with the Swedish National Road Safety Commission (SweRoad) to develop an advanced driving education system. The company has received multiple ISO certifications over the years, including ISO 9001-2008, ISO 14001:2015, ISO 39001:2012, and ISO 31000:2018, reflecting their commitment to quality, environmental management, road safety, and risk management respectively. Their vision is to lead in promoting safer roads in the region, and their mission involves investing in new technologies and innovative operating models. The company's executive management is committed to providing high-quality traffic culture and leadership training, increasing traffic safety awareness, and exceeding customer expectations.

Resolution No. 310 of 2024 has temporarily suspended trading of shares for Emirates Driving Company on the ADX. This suspension is due to the company's AGM being held at the same time as the trading session on 27-Mar-2024. Trading will resume once the AGM results are received by the ADX. All department heads at ADX are required to implement this resolution. The resolution will be circulated to the SCA, the concerned company, all ADX departments, and all brokers accredited by ADX. The resolution was approved by the authorised person and issued on 04/03/2024.

The Corporate Governance Manual's Article 40, Clauses 1 & 2, provides guidelines for shareholder representation at general assemblies. Shareholders can delegate someone other than company board members, staff, or employees of a securities brokerage company to represent them. The delegate, however, can represent no more than 5% of the company's issued capital. Legally incompetent individuals must be represented by their legal representatives. The shareholder's signature on the power of attorney must be approved by a Notary Public, Commercial chamber of economic department in the state, a licensed bank or company in the state, or any other entity licensed to perform attestation works. The Proxy form should include the shareholder's and the approving brokerage firm's contact details. The shareholder can issue the Proxy within the limits and powers they deem appropriate, as long as the signature is approved by one of the mentioned authorities.

The Emirates Driving Company (PJSC) has invited its shareholders to attend the annual General Assembly meeting, both physically and virtually, on 27th March 2024. The agenda includes approval of the company's activity, financial position, auditor's report, balance sheet, and profit and loss account for the fiscal year ended on 31st December 2023. The board will also propose the distribution of cash dividends, discuss remuneration of board members, discharge board members and auditors for the fiscal year, and appoint auditors for 2024. A special resolution will consider a proposed offer from a related party to buy EDC's stake in SAWAEED Holding. Electronic registration is required for virtual attendees. Shareholders can delegate anyone except a board member or company employee to attend on their behalf, with certain conditions. Corporate entities can delegate a representative under a board decision.

The Board of Directors of Emirates Driving Company (PJSC) has invited shareholders to attend the annual General Assembly meeting on March 27, 2024. The meeting will take place both physically at the company premises and virtually. The agenda includes approving the Board of Directors' report, the Auditor's report, the company balance sheet, and profit and loss account. They will also discuss a proposed cash dividends distribution of 34% of paid capital, approve remuneration of the board members, discharge board members and auditors for the fiscal year ended on December 31, 2023, and appoint auditors for the fiscal year 2024. A special resolution will consider a proposed offer from a related party to buy EDC's stake in SAWAEED Holding. Shareholders attending virtually must register electronically to vote.

Resolution No. 303 of 2024 temporarily suspends trading of the shares of Emirates Driving Company. This is due to a board of directors meeting scheduled for 13:30 on 28-Feb-2024, which coincides with the trading session at ADX. As a result, trading in DRIVE shares will be suspended from 09:00 on 28-Feb-2024 until ADX receives the meeting results. All department heads in ADX are required to execute this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 22/02/2024.

The Emirates Driving Company pjsc has scheduled a meeting on Wednesday, 28th February 2024, starting at 01:30 pm. The meeting will discuss the date for the annual general meeting for the fiscal year ending on December 31st, 2023 and its agenda. Other business matters and progress on company projects will also be discussed. The notice was signed by the Chief Executive Officer, Khaled Al Shemeili, on 28/02/2024.

The text appears to be an introduction to a Management Discussion and Analysis Report for the Emirates Driving Company P.J.S.C., dated 31 December 2023. The report is likely to provide an overview of the company's financial performance, business trends, and future prospects. The website www.edcad.ae is provided, presumably for more detailed information or access to the full report.