E7 Group PJSC

Ticker/ISIN
ADC
AEE01073A225
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
11.00 AED
2024-02-21

Year to date

-0.01 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

Latest Pressrelease Summaries

E7 Group PJSC
E7 Group PJSC, a leading UAE provider of commercial printing, security solutions, sustainable packaging, and distribution services, announced an AED 182 million investment in its security solutions segment, E7 Security. This investment aims to expand E7's passport manufacturing capacity and support its entry into digital tax stamp production. The initiative is part of E7's broader growth strategy and follows its recent market expansions and strategic partnerships. The planned production of digital tax stamps will begin in 2026, aligning with global efforts to combat illicit trade. Additionally, E7 plans to increase its passport production capacity fivefold by 2026, enhancing its market reach and incorporating advanced security features. The announcement underscores E7's commitment to innovation and long-term growth in high-value security solutions.
E7 Group PJSC
Abu Dhabi-based E7 Group has announced a net profit before tax growth of 42% year-on-year in Q1 2024. The company, which provides commercial printing, security printing and solutions, sustainable packaging, and distribution services, attributes the strong trading period to continued economic growth in the UAE and increased demand for its expanding product suite. E7 Group's revenue remained stable year-on-year, with a slight 1% decrease to AED 126.0m due to a revised delivery schedule for a key contract. However, it expects EBITDA to improve throughout the year due to the phasing of delivery plans. The company also unveiled a new growth strategy aimed at sustainable profit growth, improved customer service, and diversification into high-value adjacent verticals.
E7 Group PJSC
The text is a review report and condensed consolidated interim financial information for E7 GROUP P.J.S.C. This report covers the financial performance of the company for the three-month period ending on 31 March 2024.
E7 Group PJSC
The Abu Dhabi Securities Exchange (ADX) has issued a circular (19/2024) announcing a temporary suspension of trading on E7 Group shares. This follows the results of the E7 Group Company's General Assembly Meeting on 24/04/2024, where approval was given for the company's share split in line with Article (10/11) of the Listing and Disclosure Rules of the Operating Market. The trading suspension will take place on Friday, 03 May 2024 and Monday, 06 May 2024 due to the entitlement date of the Bank's shares split on 02/05/2024. Trading is expected to resume on Tuesday, 07 May 2024.
E7 Group PJSC
E7 Group has entered into a strategic partnership with German identity and security systems manufacturer, Diletta Maschinentechik GmbH. Under the Memorandum of Understanding (MoU), E7 will provide high-security document production services for Diletta's clients, while Diletta will promote E7's products to its customer base. This partnership is a significant step in E7's global growth strategy, extending its reach beyond the 25 countries it currently serves. It aligns with the company's ambition to expand through customer acquisition, partnerships, joint ventures, and mergers and acquisitions. The partnership is expected to unlock new customer and market opportunities for E7, particularly in Europe.
E7 Group PJSC
The Chief Executive of the Abu Dhabi Securities Exchange has issued Resolution No. (390) to suspend the trading of E7 Group PJSC shares effective from 3-May-2024 until further notice. This is in accordance with Articles No. (10/11) & No. (38) of the Abu Dhabi Securities Exchange Listing and Disclosure Rules. All departments of the Abu Dhabi Securities Exchange are required to implement this resolution. This resolution will be circulated to the respective company, brokers and will be effective from the issuance date, which is 3-May-2024.
E7 Group PJSC
The E7 Group PJSC held its Annual General Assembly Meeting on 24 April 2024. The meeting was chaired by H.E. Eng. Ahmed Sulaiman Khalfan Salem Alshamsi, Chairman of the Board of Directors, and achieved a quorum of 55.49%. The assembly approved all ordinary resolutions, including the Board of Directors' report on the company's activities and financial position for 2023, the external auditors' report, and the company's balance sheet and profit and loss account for 2023. The assembly also approved the board's recommendation of no cash dividends distribution and no payment of remuneration to the board for 2023. The board and auditors were discharged from liability for their 2023 activities. Lastly, the assembly approved the auditors’ additional fees for 2023, totalling USD 130,200 plus any applicable VAT.
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.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

Disclosures: E7 Group PJSC General Press Release

E7 Group PJSC, a leading UAE provider of commercial printing, security solutions, sustainable packaging, and distribution services, announced an AED 182 million investment in its security solutions segment, E7 Security. This investment aims to expand E7's passport manufacturing capacity and support its entry into digital tax stamp production. The initiative is part of E7's broader growth strategy and follows its recent market expansions and strategic partnerships. The planned production of digital tax stamps will begin in 2026, aligning with global efforts to combat illicit trade. Additionally, E7 plans to increase its passport production capacity fivefold by 2026, enhancing its market reach and incorporating advanced security features. The announcement underscores E7's commitment to innovation and long-term growth in high-value security solutions.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

Disclosures: E7 Group PJSC Board Meeting Results held on 30/05/2024 at 15:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

Disclosures: E7 Group PJSC_Resignation of Board member

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

Disclosures: E7 Group PJSC By Circulation of Board Meeting to be held on 30/05/2024 at 15:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

Disclosures: E7 Group PJSC General Press Release

Abu Dhabi-based E7 Group has announced a net profit before tax growth of 42% year-on-year in Q1 2024. The company, which provides commercial printing, security printing and solutions, sustainable packaging, and distribution services, attributes the strong trading period to continued economic growth in the UAE and increased demand for its expanding product suite. E7 Group's revenue remained stable year-on-year, with a slight 1% decrease to AED 126.0m due to a revised delivery schedule for a key contract. However, it expects EBITDA to improve throughout the year due to the phasing of delivery plans. The company also unveiled a new growth strategy aimed at sustainable profit growth, improved customer service, and diversification into high-value adjacent verticals.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

Disclosures: E7 Group PJSC Financial Results for the Period Ended March 31,2024

The text is a review report and condensed consolidated interim financial information for E7 GROUP P.J.S.C. This report covers the financial performance of the company for the three-month period ending on 31 March 2024.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

Disclosures: E7 Group PJSC Board Meeting Results held on 13/05/2024 at 15:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

ADX Disclosures: E7 Resumption Notice

The Abu Dhabi Securities Exchange (ADX) has issued a circular (19/2024) announcing a temporary suspension of trading on E7 Group shares. This follows the results of the E7 Group Company's General Assembly Meeting on 24/04/2024, where approval was given for the company's share split in line with Article (10/11) of the Listing and Disclosure Rules of the Operating Market. The trading suspension will take place on Friday, 03 May 2024 and Monday, 06 May 2024 due to the entitlement date of the Bank's shares split on 02/05/2024. Trading is expected to resume on Tuesday, 07 May 2024.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

Disclosures: E7 Group PJSC General Press Release

E7 Group has entered into a strategic partnership with German identity and security systems manufacturer, Diletta Maschinentechik GmbH. Under the Memorandum of Understanding (MoU), E7 will provide high-security document production services for Diletta's clients, while Diletta will promote E7's products to its customer base. This partnership is a significant step in E7's global growth strategy, extending its reach beyond the 25 countries it currently serves. It aligns with the company's ambition to expand through customer acquisition, partnerships, joint ventures, and mergers and acquisitions. The partnership is expected to unlock new customer and market opportunities for E7, particularly in Europe.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From E7 Group PJSC

ADX Disclosures: Temporary suspension of trading on the shares of E7 Group PJSC on 03 May 2024

The Chief Executive of the Abu Dhabi Securities Exchange has issued Resolution No. (390) to suspend the trading of E7 Group PJSC shares effective from 3-May-2024 until further notice. This is in accordance with Articles No. (10/11) & No. (38) of the Abu Dhabi Securities Exchange Listing and Disclosure Rules. All departments of the Abu Dhabi Securities Exchange are required to implement this resolution. This resolution will be circulated to the respective company, brokers and will be effective from the issuance date, which is 3-May-2024.

1. Attached Document

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