A leading solutions provider, e7, specializing in identity solutions, packaging, printing services, logistics, and educational solutions, has announced that its board of directors has approved a special one-time cash dividend of 800 million dirhams. This decision is part of the company’s strategic plan to restructure its capital in order to enhance shareholder returns.
The choice to return a substantial portion of cash to shareholders through special dividends comes after a thorough market review aimed at identifying appealing and profitable opportunities for inorganic growth. This aligns with the group’s strategic priorities. Following this in-depth analysis, the board determined that the most efficient use of excess capital would be to distribute 800 million dirhams directly to shareholders in the form of a special cash dividend.
Additionally, the board has committed to providing an annual dividend of at least 10 fils per share over the next three years (2025 – 2027). Furthermore, e7 will launch a voluntary offer to repurchase existing warranties at a price of 2.40 dirhams per warranty.