E7 Group, listed on the Abu Dhabi Securities Exchange (ADX), has signed multiple new contracts for the provision of security solutions and commercial printing services across Africa and the Middle East, marking a significant step forward in its pursuit of global expansion and profitable growth.
On the security solutions front, E7 Security has broadened its presence in Africa by securing two new contracts worth over $6.8 million combined. These contracts include a one-year agreement for printing examination papers and a two-year agreement for supplying ePassports.
On the commercial printing front, E7 Printing has secured multiple contracts totaling over $11 million. These contracts cater to diverse clients in the UAE and Africa, encompassing large-scale outdoor printing, magazines, promotional materials, and textbooks.
Ali Saif Ali Abdulla Alnuaimi CEO – E7 Group
“We are delighted to announce the signing of these new contracts, which not only reaffirm our commitment to innovation but also solidify our position as leaders in the security and printing sectors. We are dedicated to unlocking fresh opportunities in the security solutions segment, expanding our portfolio to capture a larger market share globally. We are strategically expanding our commercial printing services across the GCC and Africa to seize new opportunities and enhance our global footprint, complementing our dominant position in commercial printing within the UAE.”
Ali Abdulla Alnuaimi added that, “As Abu Dhabi’s premier industrial champion, E7 Group remains committed to accelerating its growth trajectory through innovation and maximizing operational efficiency. By diversifying our product offerings and serving a growing international clientele, we are well-positioned to capitalize on further growth prospects in 2024 and beyond.”
E7 Group’s growth in 2024 is being enabled by a clear strategy across its four segments and its strong financial position, enabled by its landmark listing on ADX in 2023 via the UAE’s first-ever de-SPAC listing.
E7 Group recently announced its FY 2023 financial results, posting a 10 percent increase in annual revenue to $172 million and a 107 percent increase in profit before one-off non-cash listing expenses to $38.2 million. The Group ended 2023 with $351 million cash, and it is well-positioned to deliver on its organic and inorganic growth objectives.
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