E7 Group, part of Abu Dhabi Developmental Holding Company (ADQ) and listed on the Abu Dhabi Securities Exchange, announced that it will commence the production of digital tax stamps in 2025, with a total investment of AED182 million ($49.55 million). This investment will bolster its capacity to design and produce travel passports to meet the rising global demand for technology-enabled security solutions.
Ali Saif Ali Abdulla Alnuaimi, CEO of E7 Group, told WAM that the company plans to begin the production of digital tax stamps next year, with plans to expand production capacity soon after. E7 Group expects the greater production capacity to positively impact its revenues in the second quarter of 2026.
Alnuaimi added that E7’s future strategy focuses on expanding its reach in the security solutions sector, boosting production capabilities, and tapping into new markets.
Group’s financial position propels growth
The group’s monetary balance, totaling AED1.28 billion, provides the financial flexibility to seize new opportunities, including potential acquisitions both within the UAE and abroad.
The group sees significant growth potential in security solutions and packaging. Therefore, its long-term strategy aims to leverage its market position to expand into complementary sectors and offer new services.
During the first half of 2024, E7 Group secured several high-value contracts, totaling AED285.3 million, with AED139 million derived from security solutions alone. The company’s profits before tax reached AED100.20 million during the same period, up 93 percent annually. The group’s revenues increased by 5 percent year-on-year to AED 300.79 million.
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Security solutions investment plan
In June, E7 Group announced the plan to invest in ambitious organic growth initiatives across its security solutions business segment, E7 Security. The investments will mainly go to bolstering its passport manufacturing capacity and enable its entry into the digital tax stamps segment.
The tax stamps industry is a high-growth area globally. Therefore, E7 intends to support governments worldwide in curbing the illicit trade of excisable goods and enhancing revenue generation.
The group added that it seeks to increase its passport production capacity fivefold with production capacity increases in 2026 as it continues to secure new contracts and broaden its market reach.
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