Emirates Defence Industries Company
Emirati defence company From Wikipedia, the free encyclopedia
Emirates Defence Industries Company (EDIC) was a defence industry holding company. In November 2019, the holding company was absorbed into EDGE Group.[2]
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Native name | Arabic: شركة الإمارات للصناعات العسكرية |
|---|---|
| Industry | Defence |
| Founded | December 2, 2014 |
| Successor | EDGE Group |
| Headquarters | , |
Area served | worldwide |
Key people | Homaid Al Shemmari (Chairman) Luc Vigneron (CEO)[1] |
| Owner | Mubadala Development Company (60%) Tawazun Holding |
| Website | www.edic.ae |
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
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