E7 Group Sign Multiple Contracts Worth Over $17.7 Million

E7 Group, the UAE’s leading provider of commercial printing, security solutions, sustainable packaging and distribution services and listed on the Abu Dhabi Securities Exchange (ADX), on Thursday said that it has signed multiple new contracts valuing around $17.7 million with companies across Middle East and Africa (MEA).

As part of the agreements, E7 Group will provide security solutions and commercial printing services across MEA, marking a significant step forward in its pursuit of global expansion and profitable growth, the company said in a disclosure to ADX this morning.

On the security solutions front, E7 Security has broadened its presence in Africa by securing two new contracts worth over $6.81 million combined. These contracts include a one-year agreement for printing examination papers and a two-year agreement for supplying e-Passports.

On the commercial printing front, E7 Printing has secured multiple contracts totalling over $10.89 million. These contracts cater to diverse clients in the UAE and Africa, encompassing large-scale outdoor printing, magazines, promotional materials, and textbooks.

E7 Security, the Group’s dedicated security solutions segment, is a leading provider of technology-enabled security solutions, designing and producing national IDs, passports, and various security documents for Governments, telecommunications, banking and other sectors.

Similarly, E7 Printing, the Group’s dedicated commercial printing segment, ranks among the region’s largest commercial printing providers, with a primary focus on the education sector, events, exhibitions, indoor and outdoor advertising, media and publishing.

Leveraging its strengths in customer service and customization, E7 Printing emerges as the go-to printing partner for tailored printing needs. Both E7 Security and E7 Printing have long-term contracts with key government and industrial partners.

Reiteration of Commitment

E7 Group CEO Ali Saif Ali Abdulla Alnuaimi said that the signing of these new contracts, which not only reaffirmed their commitment to innovation but also solidified the company’s position as leaders in the security and printing sectors.

He said that they were dedicated to unlocking fresh opportunities in the security solutions segment, expanding the company’s portfolio to capture a larger market share globally. E7 Group was strategically expanding its 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.

“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 capitalise on further growth prospects in 2024 and beyond,” he added.

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.

The company recently announced its FY 2023 financial results, posting a 10% increase in annual revenue to $172.06 million and a 107% increase in profit before one off non-cash listing expenses to $38.2 million. The Group ended 2023 with $350 million in cash, and is well-positioned to deliver on its organic and inorganic growth objectives.