Press releases, Reports & Disclosures for E7 Group PJSC

At its first Annual General Meeting (AGM) as a publicly listed company, E7 Group shareholders approved a share split. Each issued share of AED 2.5 in the company's capital will be converted into ten shares of AED 0.25 each. The share capital of the company is set at AED 524,812,500, divided into 2,099,250,000 shares, each having a nominal value of AED 0.25. The share split is expected to be completed in Q2 2024. The shareholders also approved the Group's 2023 financial statements, which showed a 10% YoY revenue growth to AED 631.9m. The Group's cash stood at AED 1.29bn as of 31 December 2023.

E7 Group, a leading provider of commercial printing and security solutions based in the UAE, has signed contracts worth more than AED65 million ($17.7 million) to provide security solutions and commercial printing in Africa and the Middle East. This move strengthens E7’s regional position and supports its growth plans. The contracts include a one-year agreement for printing examination papers and a two-year agreement for supplying ePassports. E7 Group now provides services to clients in 25 countries and is listed on the Abu Dhabi Securities Exchange.

The Board of Directors of E7 Group PJSC has invited shareholders to the Annual General Assembly Meeting (AGM) on 24th April 2024. The meeting will be held both in-person and virtually, with registration for virtual attendance required. The agenda includes consideration and approval of financial reports, Board of Directors' report, external auditors' report, and the proposal for no cash dividend distribution for the financial year ended 31 December 2023. Other items include approval of board remuneration, discharge of board members and auditors from liability, and the appointment of external auditors for 2024. A special resolution item is the proposed stock split, converting each issued share of AED2.5 into ten shares of AED0.25 each. The meeting will also consider any necessary actions to implement these resolutions. Shareholders registered by 23 April 2024 are eligible to vote, and corporate shareholders can delegate representatives. The meeting will be recorded, and related documents are available online.

E7 Group, a provider of commercial printing, security solutions, sustainable packaging and distribution services, has confirmed three new security solutions contracts in Africa and LATAM. The contracts, worth AED 12.9 million, cover the provision of electronic identification (eID) and driving license ID solutions. This expands the group's reach beyond the UAE and Middle East, now serving clients in 25 countries. The group's security solutions sector is its primary growth driver, with continuous expansion of its client base and exploration of opportunities in biometrics, digital identity solutions, and full systems integration. E7 Group recently reported an 11% increase in annual revenue to AED 651.9 million and a 106% increase in operational net profit to AED 140.3 million in FY 2023.

The Board of Directors of E7 Group PJSC will convene a meeting on 25 March 2024 in Abu Dhabi. The agenda includes reviewing the company's audited financial statements for the financial year ended 31 December 2023, approving the invitation and agenda for the Annual General Meeting (AGM) for the Financial year 2023 and determining its date, discussing the share split and share buyback, discussing business strategy and growth initiatives, and addressing other general business matters.