Page 14 - 7X PR REPORT JULY 2024_Neat

Press Release

7X achieves strong operational performance in first half of

2024
The figures represent the Group’s commitment to enabling logistics, digital and
financial services

• 8.5 per cent growth in domestic delivery shipments
• 12 per cent growth in international outbound postal shipments and 42 per
cent in international inbound postal shipments
• 38 per cent growth in volume of financial transactions
• 22 per cent increase in the number of printed financial and non-financial
cards

Dubai, UAE, 29 July 2024

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

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Emirates Post Group Company PJSC, PO Box 99999, Dubai, UAE

Tel. +971 4 604 9438 فﺗﺎھ