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]
References
- Alain Establier. SDBR Interview with Luc Vigneron, CEO of the Emirates Defence Industries Company (EDIC) rpdefense.over-blog.com, RP Defense, 2015-09-08, retrieved 2017-11-14^
- Staff Writer With AFP. UAE merges more than 25 defense industry firms into EDGE group The Defense Post, 2019-11-06, retrieved 2023-05-05^
- UAE merger creates defence services, manufacturing company reuters.com, Thomson Reuters, 2014-12-02, retrieved 2017-11-14^
- Emirates Defence Industries Company mubadala.com, retrieved 2017-11-14^
- Emirates Defence Industries Company Formed nimr.ae, retrieved 2017-11-14^