Page 33 - 7X PR REPORT JULY 2024

7/31/24, 1:59 PM 7X achieves strong operational performance in first half of 2024

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, particularly with the new products and services to be
launched by our subsidiaries with 7X’s support. We will continue to strengthen our efforts in

digitalisation, eCommerce, logistics, and financial inclusion, while supporting the UAE’s
economic growth.”

7X is committed to further strengthening its brand position across business sectors. The
group aims to continue encouraging its subsidiaries to make strong contributions with their

product offerings and digital services, thereby supporting the trade, transport, and logistics
sectors locally, regionally, and globally.

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