Mair Group, a UAE-based strategic investment firm, is set to list directly on the Abu Dhabi Securities Exchange (ADX) on December 9, marking a significant milestone in its growth. Originally founded in the cooperative movement, Mair has diversified its business, focusing on food retail, commercial real estate, and contributing to the UAE’s food security.
Nehayan Al Ameri, MD and CEO of Mair Group, described the listing as a historic moment that reflects the company’s long-standing connection to the UAE’s economic and social progress. The listing will strengthen Mair’s foundation and expand its impact, inviting stakeholders to join in its journey.
The company has demonstrated strong financial performance, reporting Dhs1.2bn in revenue for H1 2024. In 2023, Mair distributed Dhs135m in dividends to over 12,000 shareholders and posted annual revenues exceeding Dhs2bn. These results position the company well for continued growth and success.
Mair’s sustainability initiatives, including its “farm-to-fork” strategy, involve over 100 local farmers, supporting UAE agriculture and food security.
Additionally, Mair supports the UAE’s food security agenda through investments like its stake in Al Masa Mills, a key player in food production. With over Dhs36m invested in CSR initiatives, Mair continues to support local industries, sustainability, and farmers in the UAE.
