Abu Dhabi - Mubasher: Emirates Driving Company, a subsidiary of Multiply Group, has acquired a 22.50% stake in Mwasalat Holding, with an option to increase its share to 50.60%, according to a press release.

The move expands Emirates Driving’s reach into the wider mobility sector, enhancing its role in delivering safe, sustainable, and tech-driven transport across the UAE and the wider region.

The deal paves the way for a regional mobility leader, leveraging innovation and AI to boost efficiency and customer experience.

Samia Bouazza, CEO and Managing Director of Multiply Group, said: “This acquisition further strengthens and transforms Emirates Driving from a driving education provider into a fully integrated mobility player, one that is agile, innovative, and aligned with the future of transport.”

For his part, Khaled Al Shemeili, CEO of Emirates Driving, commented: “The investment in Mwasalat Holding sends a strong signal of confidence about the UAE’s mobility sector and how the industry is primed for further growth.”

“We are especially looking forward to new horizons of opportunities in smart mobility together with Mwasalat,” the CEO added.

Omeir Al Mheiri, Managing Director at Mwasalat Holding, commented: “This partnership provides us with a unique opportunity to drive synergies in ways that will advance smart mobility, sustainability, digital transformation and public service excellence.” 

Headquartered in Abu Dhabi, Mwasalat Holding operates a fleet of more than 1,000 buses, 2,500 taxis, and 5,500 rental vehicles, supported by over 5,000 employees.

The move follows a series of recent acquisitions and investments by Multiply Group, including the takeover of  2PointZero and Ghitha Holding through a share swap deal, as well as a 60.80% stake in European packaging group ISEM. The group also penned a deal, in February, to hold a 67.91% shareholding in Castellano Investments.