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E7 Group boosts security solutions in Middle East

E7 Group boosts security solutions in Middle East
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E7 Group
ADC
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Abu Dhabi – Mubasher: E7 Group inked three security solutions contracts at a total value of AED 12.90 million to expand its network in the UAE and Middle East, according to a press release.

The one-year agreements cover the manufacture and supply of enhanced electronic identification (eID) and driving licence ID solutions to three countries across Africa and LATAM.

Meanwhile, the ADX-listed group manufactures and delivers advanced products to 25 countries, driven by its high-growth security solutions and sustainable packaging segments.

Ali Saif Ali Abdulla Alnuaimi, CEO of E7 Group, said: “These three contracts mark another milestone for E7 Group as we expand our global reach and broaden our portfolio of security solutions. "

"E7 Group is committed to opening new opportunities in the security solutions segment and growing our portfolio to capture a larger share of the value chain,” Alnuaimi noted.

The CEO highlighted: “By diversifying our product offerings and serving an expanding international clientele, we are well-positioned to seize further growth opportunities in 2024 and beyond."

E7 Group recently announced its 2023 financial results, posting an 11% increase in annual revenue to AED 651.93 million and a 106% increase in operational net profit to AED 140.30 million.