Page 41 - 7X PR REPORT JULY 2024

7/30/24, 1:52 PM 7X achieves strong operational performance in first half of 2024

22 per cent increase in the number of printed financial and non-financial cards

7X, formerly known as Emirates Post Group and the leading enabler of the trade, transport and logistics

sectors, announced the operational results for the first half of 2024, showcasing significant
achievements and growth.

These results demonstrate the Group’s commitment and ongoing efforts to enable the logistics, digital
and financial services at the local and regional levels. The performance results highlight the operations

of Emirates Post, EMX and the Electronic Documentation Centre, as well as FINTX, which includes Wall
Street Exchange and Instant Cash.

The report revealed a 12 per cent increase in international outbound postal shipments and a 42 per cent
growth in international inbound postal shipments through International Express Mail Service (EMS) and
parcel delivery, compared to the same period last year.

There was also a rise of 8.5 per cent in the domestic last-mile and courier shipments, which marks a

significant increase as compared to the first half of 2023. With the launch of EMX in February 2024 and
7X’s continuous efforts to enable its subsidiaries to expand the customer base and international shipping
destinations, the volume of international inbound shipments and transshipment have increased

significantly.

Furthermore, the group witnessed a 38 per cent growth in financial transactions and recorded a 22 per
cent increase in the volume of printed financial and non-financial cards. These figures signify a
remarkable increase compared to those reported during the first half of last year.

Abdulla Mohammed Alashram, Group CEO of 7X, said: “Our results in the first half of 2024 reflect the
strength of our diverse portfolio. With the support of a strong operating network and forward-thinking

business methodology, we have succeeded in achieving our targets amidst the ongoing challenges
within our industries. We are optimistic that the second half of the year will bring even more success,

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