Emirates Defence Industries Company Explained

Emirates Defence Industries Company
Native Name:	ar\|شركة الإمارات للصناعات العسكرية
Industry:	Defence
Successor:	EDGE Group
Founders:	-->
Hq Location City:	Abu Dhabi
Hq Location Country:	United Arab Emirates
Area Served:	worldwide
Key People:	Homaid Al Shemmari (Chairman) Luc Vigneron (CEO)^[1]
Owner:	Mubadala Development Company (60%) Tawazun Holding
Homepage:	www.edic.ae

Emirates Defence Industries Company (EDIC) was a defence industry holding company. In November 2019, the holding company was absorbed into EDGE Group.^[2]

History

On 2 December 2014, the defence services and manufacturing entity initiated in the form of a merger of 11 defence companies that were subsidiaries of Mubadala Development, Tawazun Holding, and Emirates Advanced Invest Group.^[3]

EDIC was jointly owned by the Mubadala Development Company, an investment fund of the Emirate of Abu Dhabi (60%)^[4] and Tawazun Holding.^[5]

Notes and References

SDBR Interview with Luc Vigneron, CEO of the Emirates Defence Industries Company (EDIC). Alain Establier. rpdefense.over-blog.com. RP Defense. 2015-09-08. 2017-11-14.
Web site: AFP . Staff Writer With . 2019-11-06 . UAE merges more than 25 defense industry firms into EDGE group . 2023-05-05 . The Defense Post . en-US.
News: UAE merger creates defence services, manufacturing company. Thomson Reuters. reuters.com. 2014-12-02. 2017-11-14.
Web site: Emirates Defence Industries Company. mubadala.com. "Mubadala holds a 60% share in the company.". 2017-11-14.
Web site: Emirates Defence Industries Company Formed. nimr.ae. 2017-11-14. 2017-11-08. https://web.archive.org/web/20171108204835/https://www.nimr.ae/emirates-defence-industries-company-formed/. dead.