Latest news with #AhmedAlShamsi
Zawya
25-07-2025
- Business
- Zawya
e7 Group unveils capital restructuring through $218mln dividends, growing demand across region
Abu Dhabi – The board of e7 Group has approved a one-off special dividend of AED 800 million as part of a strategic capital restructuring plan to enhance shareholder returns and optimize long-term value creation, according to a press release. The group will also be committed to paying a dividend of at least 10 fils per share annually over the next three years, from 2025 to 2027. Moreover, in light of the special dividend, e7 Group will also make a voluntary offer to buy back its outstanding warrants at a price of AED 2.40 per warrant. The initiative provides additional strategic options for e7 Group to further consolidate its market position among the leading players in identity and packaging solutions across the region. With growing demand across key markets in the Middle East and Africa, the UAE-listed group is strategically well-positioned to broaden its platform, deepen client relationships, and enhance profitability. Chairman of e7 Group, Ahmed Al Shamsi, said: 'In light of our strong cash position and having explored a significant number of near-term inorganic growth opportunities, we are pleased to declare a one-off special dividend payment of AED 800 million, which we believe is currently the most efficient and prudent use of our excess capital.' Al Shamsi elaborated: 'This strategic capital restructuring is a clear sign of our financial strength and disciplined approach to capital allocation. We remain committed to delivering sustainable shareholder value through a clear multi-year dividend framework, where we expect to pay a minimum dividend of 10 fils per share to shareholders over the next three years.' The Chairman concluded: 'Our strategy remains focused on operational excellence, scaling our platform through organic growth and bolt-on inorganic opportunities, while also continuing to evaluate strategic options for the business and enabling long-term value creation for our shareholders.' It is worth noting that E7 Group's shareholders previously approved AED 147.10 million dividend payout for 2024. The amount represented 70% of the annual distributable net profit, exceeding the group's established minimum payout of 50%. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Sharjah 24
16-07-2025
- Sport
- Sharjah 24
Al Hamriyah urges participants of summer programme to volunteer
Coach Saba Hassan presented a session entitled "The Game of Social Roles and the Culture of Volunteering" that emphasised the significance of volunteering and helping others and characterised it as one of Emirati society's founding values. Traditional Emirati heritage was also celebrated through leisure activities, with the Sharjah Institute for Heritage presenting a session on traditional movement-based games inspired by the UAE's cultural past. The Sharjah Police Headquarters captivated the audience with a live demonstration of police dogs (K9) at the Security Inspection Department. According to Ahmed Al Shamsi, Executive Director of Al Hamriyah Club, the aims of 'Our Holiday is Different' are being realised on a daily basis, and parental surveys show high levels of satisfaction with the initiative.
Gulf Today
13-07-2025
- Politics
- Gulf Today
UAE attends Srebrenica Genocide day ceremony
The United Arab Emirates took part in the official commemoration marking the 30th anniversary of the Srebrenica Genocide, held on July 11, 2025 in Srebrenica, Bosnia and Herzegovina. The UAE's participation reaffirmed its recognition of the crimes committed in Srebrenica as genocide and served as a powerful reminder of the atrocities no community should ever face. The UAE underscored its unwavering commitment to honouring the memory of the victims and to supporting survivors and their families, while firmly rejecting any attempts to deny, distort, or misrepresent historical facts. The commemoration marked a day of reflection in memory of the 8,372 innocent lives lost in the 1995 genocide. It also reinforced the UAE's dedication to promoting the values of tolerance, coexistence, and mutual respect, values that remain central to its foreign policy. Through its participation, the UAE emphasised the urgent need to confront hatred in all its forms and reiterated its belief that every individual, regardless of race, religion, or nationality, has the right to live in peace, safety, and dignity, both within their communities and across the globe. The UAE delegation was led by Reem Bint Ebrahim Al Hashimy, Minister of State for International Cooperation, and Ahmed Al Shamsi, UAE Consul-General to Bosnia and Herzegovina. Al Hashimy participated in the event following an invitation addressed to President His Highness Sheikh Mohamed Bin Zayed Al Nahyan. Recently, Shaikh Al Mahfouz Bin Bayyah, Secretary-General of the Abu Dhabi Forum for Peace participated in the International Day of Commemoration and Dignity of the Victims of the Crime of Genocide, organised by the United Nations at its headquarters in New York, with wide participation from UN and international actors in the field of human rights and the protection of minorities. In a speech he delivered during the dialogue sessions accompanying the celebration, the Secretary-General said that the Emirati model, in building a society of tolerance and love through effective legal, cultural, and educational frameworks, has today become a subject of international praise, reviewing those laws that promote the values of justice and equality and combat hatred. WAM
Al Etihad
12-07-2025
- Politics
- Al Etihad
UAE participates in commemoration of 30th anniversary of Srebrenica Genocide
12 July 2025 20:55 SREBRENICA (WAM) The United Arab Emirates took part in the official commemoration marking the 30th anniversary of the Srebrenica Genocide, held on July 11, 2025 in Srebrenica, Bosnia and UAE's participation reaffirmed its recognition of the crimes committed in Srebrenica as genocide and served as a powerful reminder of the atrocities no community should ever UAE underscored its unwavering commitment to honoring the memory of the victims and to supporting survivors and their families, while firmly rejecting any attempts to deny, distort, or misrepresent historical commemoration marked a day of reflection in memory of the 8,372 innocent lives lost in the 1995 genocide. It also reinforced the UAE's dedication to promoting the values of tolerance, coexistence, and mutual respect, values that remain central to its foreign its participation, the UAE emphasised the urgent need to confront hatred in all its forms and reiterated its belief that every individual, regardless of race, religion, or nationality, has the right to live in peace, safety, and dignity, both within their communities and across the UAE delegation was led by Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation, and Ahmed Al Shamsi, UAE Consul-General to Bosnia and Herzegovina. Al Hashimy participated in the event following an invitation addressed to President His Highness Sheikh Mohamed bin Zayed Al Nahyan.
Zawya
01-05-2025
- Business
- Zawya
UAE: E7 Group announces $40mln dividends backed by robust financial performance in 2024
Abu Dhabi – E7 Group's shareholders approved the distribution of AED 147.10 million (7.36 fils per share) in full-year dividends for 2024, according to a press release. The amount represents a 70% payout of annual distributable net profit, exceeding the group's established minimum payout of 50%. The approved dividend aligns with the company's objectives for capital allocation, which balances its active pipeline of value-accretive inorganic growth opportunities and the payment of ordinary dividends to shareholders. Ahmed Al Shamsi, Chairman of E7 Group, said: 'The maiden dividend payment is a result of E7's strong financial and operational performance in 2024, having strengthened our portfolio of long-term client contracts and made good progress on our strategic growth initiatives in the year.' During the annual general assembly meeting, the shareholders also approved the 2024 financial statements, announcing revenue growth of 11% year-on-year (YoY) to AED 701.20 million. In 2025, E7 plans to deliver its value proposition to turbocharge growth, with an integrated account management approach focused on customer centricity, extracting synergies from operations to boost innovation and excellence in every solution. Source: Mubasher
