Mair Group Announces ADX Listing on December 9

Abu Dhabi-based Mair Group, an investment powerhouse across the entire food supply chain and a leading strategic investment company focused on driving purposeful growth across its portfolio supporting the food security agenda, will list directly on the Abu Dhabi Securities Exchange (ADX) on 9 December 2024.

Founded in 1977, MAIR Group has evolved into one of the UAE’s most impactful and diversified businesses. 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.

Mair Group’s Managing Director and CEO Nehayan Al Ameri said that this listing will represent a historic chapter for Mair Group. Over decades, the company has built a legacy deeply intertwined with the UAE’s economic and social progress.

He added: “As we prepare to enter the financial markets with a direct listing on ADX, we are ready to amplify our impact, strengthen our foundations, and invite stakeholders to join our journey. This listing is not just a financial milestone but a reflection of our resilience, innovation, and commitment to empowering communities.”

The company reported $330 million in revenue for the first six months of this year, reinforcing its position as a major player in the UAE’s economic landscape. The company distributed $36.75 as dividends in 2023, representing 12.11% of share capital, to its over 12,000 shareholders, further demonstrating its commitment to creating long-term shareholder value.

With a full-year revenue of over $640 million in 2023, the group is well-positioned for future growth and success. The listing on the ADX is seen as an important step toward expanding its market presence, attracting new investment, and enhancing its sustainability-driven business model.

Building on a Strong Foundation

The Group operates over 120 stores across the UAE under the well-established Abu Dhabi Cooperative Society (ADCOOP) and SPAR brands, serving more than 65,000 customers daily and facilitating over 36 million transactions annually.

The company’s commitment to sustainability is exemplified through its “farm-to-fork” strategy, where MAIR collaborates with more than 100 local farmers. This initiative not only supports local agriculture but also aligns with the UAE’s vision to enhance food security by fostering a more resilient and sustainable food supply chain.

Connecting communities

Through its Makani division, the group has cemented itself as a leader in commercial real estate. The company manages a portfolio of over 12 shopping centres, boasting over 90% occupancy rate across 320,000 sq. m. of leasable area.

The key developments include community hubs such as the Mall of Al Ain and Makani Community Centres and they have been contributing to Mair’s broader mission of supporting connected, thriving communities.

The group’s strategic investments extend beyond retail and real estate and has played a pivotal role in supporting the UAE’s food security agenda, notably through its stake in Al Masa Mills, a major producer with a daily capacity of 400 metric tonnes.

This investment enhances the resilience of the UAE’s FMCG and food supply chain, helping ensure a stable and secure food supply for the nation.

In addition to its focus on food security, the group has invested over $9.8 million in corporate social responsibility (CSR) initiatives over the past three years, contributing to local industries, promoting sustainability, and supporting UAE farmers.