Image: ADX/ For illustrative purposes
UAE-based strategic investment company Mair Group is poised to take a significant step in its growth journey by listing directly on Abu Dhabi Securities Exchange (ADX) on December 9.
The move marks a key milestone for the company, which has evolved from its roots in the cooperative movement to become a diversified business, focusing on food retail, commercial real estate, and strengthening the nation’s food security agenda.
Commenting on the upcoming listing, Nehayan Al Ameri, MD and CEO of Mair Group, stated: “This listing represents a historic chapter for Mair Group. Over decades, we have built a legacy deeply intertwined with the UAE’s economic and social progress.
“As we prepare to enter the financial markets with a direct listing on the Abu Dhabi Securities Exchange, 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 group’s robust financial performance underpins its strategic vision. In H1 2024, the company reported Dhs1.2bn in revenue, reinforcing its position as a major player in the UAE’s economic landscape.
In 2023, the company distributed Dhs135m in dividends, representing 12.11 per cent 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 Dhs2bn 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.
Mair Group: Building on a strong foundation
Founded in 1977 as a cooperative entity, the group formally consolidated in 2024, marking the beginning of a new chapter that integrates decades of community-driven initiatives and strategic investments.
It operates over 100 stores across the UAE under the well-established 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 a 95 per cent occupancy rate across 330,000 square metres of leasable area.
Key developments include community hubs such as the Mall of Al Ain and Makani Community Centres.
These developments contribute to Mair’s broader mission of supporting connected, thriving communities.
The group’s strategic investments extend beyond retail and real estate. The company 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 Dhs36m in corporate social responsibility (CSR) initiatives over the past three years, contributing to local industries, promoting sustainability, and supporting UAE farmers.
