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Emirates Defence Industries Company

From Wikipedia, the free encyclopedia
Emirates Defence Industries Company
Native name
Arabic: شركة الإمارات للصناعات العسكرية
IndustryDefence
FoundedDecember 2, 2014; 9 years ago (2014-12-02)
SuccessorEDGE Group
Headquarters,
Area served
worldwide
Key people
Homaid Al Shemmari (Chairman)
Luc Vigneron (CEO)[1]
OwnerMubadala Development Company (60%)
Tawazun Holding
Websitewww.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

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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]

References

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  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. ^ AFP, Staff Writer With (2019-11-06). "UAE merges more than 25 defense industry firms into EDGE group". The Defense Post. Retrieved 2023-05-05.
  3. ^ "UAE merger creates defence services, manufacturing company". reuters.com. Thomson Reuters. 2014-12-02. Retrieved 2017-11-14.
  4. ^ "Emirates Defence Industries Company". mubadala.com. Retrieved 2017-11-14. Mubadala holds a 60% share in the company.
  5. ^ "Emirates Defence Industries Company Formed". nimr.ae. Archived from the original on 2017-11-08. Retrieved 2017-11-14.