Emirates Defence Industries Company
Emirates Defence Industries Company was a defence industry holding company, the company have decade of subsidiaries for defense industry.
Native name | Arabic: شركة الإمارات للصناعات العسكرية |
|---|---|
| Industry | Defence |
| Successor | EDGE Group |
| Founded | December 2, 2014 |
| Headquarters | , |
Area served | worldwide |
Key people | Homaid Al Shemmari (Chairman) Luc Vigneron (CEO)[1] |
| Owner | Mubadala Development Company (60%) |
| Website | www.edic.ae |
History
In 2014, in the form of a merger of 11 divisions of state investment companies: Mubadala Development, Tawazun Holding and Emirates Advanced Invest Group[2][3]
EDIC is jointly owned by the Mubadala Development Company, an investment fund of the Emirate of Abu Dhabi (60%)[4] and Tawazun Holding.[5]
In November 2019, the holding company was adsorbed into EDGE Group, a new defence industry holding company owned also by United Arab Emirates government.
References
- 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.
- "UAE merger creates defence services, manufacturing company". reuters.com. Thomson Reuters. 2014-12-02. Retrieved 2017-11-14.
- Gulf War Industry
- "Emirates Defence Industries Company". mubadala.com. Retrieved 2017-11-14.
Mubadala holds a 60% share in the company.
- "Emirates Defence Industries Company Formed". nimr.ae. Retrieved 2017-11-14.
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