Alpen Capital advised Mwasalat Holdings (“Mwasalat”) on the sale of a 22.5% stake to Emirates Driving Company PJSC (“EDC”), a subsidiary of Multiply Group PJSC (“Multiply Group”). This investment involves an option to increase EDC’s shareholding to 50.6%, subject to completion of certain conditions and relevant regulatory approvals. Click here to view the press release .

About Mwasalat Holdings:

Mwasalat Holdings is a leading UAE-based integrated mobility services company, focused on transforming public and private transport through innovation, safety, and customer-centric operations. With services covering public bus systems, taxi fleets, school and corporate transport, Mwasalat plays a strategic role in delivering smart, inclusive and sustainable mobility solutions across the UAE.

About Emirates Driving Company:

Emirates Driving Company is a provider of pre-licensing driving education in Abu Dhabi, UAE.

About Multiply Group:

Multiply Group is an Abu Dhabi-based investment holding company that globally invests and operates in transformative, cash-generating businesses. The group has investments and operations in Mobility, Energy & Utilities, Media & Communications, Wellness & Beauty, and Retail & Apparel.