UAE – Mubasher: Mair Group, an Abu Dhabi-based strategic investment company, plans to list directly on the Abu Dhabi Securities Exchange (ADX) on 9 December 2024, according to a press release.
Established as a consolidated entity in 2024, MAIR integrates decades of community-driven initiatives and strategic investments, transforming it into a leader across the food retail and commercial real estate sectors.
The group operates more than 100 stores under the ADCOOP and SPAR brands, serving over 65,000 customers daily translating to 36 million annual transactions.
MAIR’s investments extend to strengthening the UAE’s food security agenda, such as Al Masa Mills, which fosters a production capacity of 400 MT/day, enhancing the nation’s fast-moving consumer goods (FMCGs) and food supply resilience.
Nehayan Al Ameri, Managing Director and CEO of Mair, stated: "This listing is not just a financial milestone but a reflection of our resilience, innovation, and commitment to empowering communities."
In 2023, MAIR distributed AED 135 million in dividends, representing 12.11% of share capital, to its over 12,000 shareholders.
During the first half (H1) of 2024, the revenues hit AED 1.20 billion, boosting the company’s ability to deliver sustainable growth and shareholder value.
