Mair Group Achieves Listing On Abu Dhabi Securities Exchange To Enhance Market Accessibility

Mair Group, a strategic investment entity with interests in food retail and commercial real estate, has officially joined the Abu Dhabi Securities Exchange (ADX) under the ticker "MAIR". This move allows both institutional and individual investors to access the company's shares, showcasing Mair Group's dedication to market inclusivity.

The shares began trading at AED1.16 each, establishing a market capitalisation of around AED2.6 billion (US$706 million). This listing is pivotal for Mair's strategy to expand its food and real estate sectors while supporting the UAE's food security initiatives. It also facilitates easy share transactions for shareholders at fair values and offers new investors equal opportunities for growth.

Captain Mohamed Juma Al Shamisi, Chairman of Mair Group, remarked on this achievement: "This milestone reflects our belief in empowering our community of loyal partners and supporters to participate in building a better future, inspired by the guidance and vision of our wise leadership. It also represents our commitment to innovation, sustainable growth and creating long-term value for all stakeholders." He emphasised their mission to lead in developing the UAE’s food and real estate sectors while positively impacting the community.

Abdulla Salem Alnuaimi, ADX's Group CEO, expressed his congratulations: "We congratulate Mair Group on their successful listing, marking the 26th listing of a financial security on ADX this year. This milestone enhances our diversified sector offerings and highlights ADX as the preferred platform for financial growth in the UAE and beyond." He noted that Mair's inclusion underscores Abu Dhabi’s economic progress and strengthens trust in ADX's transparent market.

Nehayan Al Ameri, CEO of Mair Group, highlighted their diverse portfolio: "With a strong portfolio across food retail, commercial real estate, and strategic investments, this listing offers a transparent platform for investors to participate in our long-term success." The direct listing provides an open avenue for investors to engage with Mair's growth trajectory.

The addition of Mair Group to ADX is expected to positively influence Abu Dhabi’s financial scene by broadening sector offerings. It signifies a step forward in fostering a multi-sector economy within Abu Dhabi. The listing not only supports Mair's expansion plans but also aligns with broader economic goals set by UAE leadership.

This development marks an important chapter for Mair Group as it continues its journey as a listed company. By focusing on strategic growth areas like food security and real estate development, Mair aims to deliver substantial benefits to its stakeholders while contributing significantly to the UAE economy.

With inputs from WAM