UAE: E7 Group To Begin Digital Tax Stamp Production Next Year With Dh182 Million Investment

E7 Group, a subsidiary of ADQ listed on the Abu Dhabi Securities Exchange, has announced plans to start producing digital tax stamps in 2025. The initiative involves an investment of Dh182 million and aims to enhance the company's ability to design and manufacture travel passports, addressing the growing global need for advanced security solutions.

Ali Saif Ali Abdulla Alnuaimi, Chief Executive Officer of E7 Group, shared with the Emirates News Agency (WAM) that production of digital tax stamps will begin next year. Following this, the company will expand its passport production capacity. This increase is expected to boost the group's revenues by Q2-2026.

Alnuaimi highlighted that E7's future strategy includes expanding its presence in the security solutions sector. The company aims to enhance its production capabilities and explore new markets. He also mentioned that their financial flexibility, with a monetary balance of AED1.28 billion, allows them to pursue new opportunities, including potential acquisitions both domestically and internationally.

The CEO emphasised significant growth potential in security solutions and packaging. The group's long-term strategy focuses on leveraging its market position to enter complementary sectors and introduce new services.

In the first half of 2024, E7 Group secured several high-value contracts worth Dh285.3 million. Of this amount, Dh139 million came from security solutions alone. These contracts are expected to contribute significantly to the company's growth and expansion plans.

Alnuaimi stated that E7's increased production capacity would positively impact their revenues starting from Q2-2026. He explained that their strategy is centred on broadening their reach in the security solutions sector while boosting production capabilities.

The group’s substantial monetary balance provides them with the financial flexibility needed to seize new opportunities. This includes potential acquisitions within the UAE and abroad, which could further strengthen their market position.

E7 Group's commitment to enhancing its production capabilities aligns with its broader strategy of tapping into new markets and offering innovative security solutions. This approach is expected to drive significant growth for the company in the coming years.

The company's investment in digital tax stamps and expanded passport production capacity reflects its dedication to meeting rising global demand for technology-enabled security solutions. This move is anticipated to bolster E7's market presence and revenue streams significantly.