Emirates Defence Industries Company

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Emirates Defence Industries Company
Native name
Arabic: شركة الإمارات للصناعات العسكرية
IndustryDefence
FoundedDecember 2, 2014; 7 years ago (2014-12-02)
SuccessorEDGE Group
Headquarters
Abu Dhabi, Abu Dhabi
,
United Arab Emirates
Area served
worldwide
Key people
Homaid Al Shemmari (Chairman)
Luc Vigneron (CEO)[1]
OwnerMubadala Development Company (60%)
Websitewww.edic.ae

Emirates Defence Industries Company was a defence industry holding company, the company have decade of subsidiaries for defense industry.

History[]

In 2014, the defence services and manufacturing entity was initiated in the form of a merger of 11 divisions of state investment companies: Mubadala Development, Tawazun Holding and Emirates Advanced Invest Group.[2]

EDIC is jointly owned by the Mubadala Development Company, an investment fund of the Emirate of Abu Dhabi (60%)[3] and Tawazun Holding.[4]

In November 2019, the holding company was absorbed into EDGE Group, a new defence industry holding company owned also by United Arab Emirates government.

References[]

  1. ^ Alain Establier (2015-09-08). "SDBR Interview with Luc Vigneron, CEO of the Emirates Defence Industries Company (EDIC)". rpdefense.over-blog.com (Interview). RP Defense. Retrieved 2017-11-14.
  2. ^ "UAE merger creates defence services, manufacturing company". reuters.com. Thomson Reuters. 2014-12-02. Retrieved 2017-11-14.
  3. ^ "Emirates Defence Industries Company". mubadala.com. Retrieved 2017-11-14. Mubadala holds a 60% share in the company.
  4. ^ "Emirates Defence Industries Company Formed". nimr.ae. Retrieved 2017-11-14.
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