MAIR Group is ready to make a splash in the world of finance when it makes a direct listing on the Abu Dhabi Securities Market (ADX) this coming December 9. It is a bold step for the retail conglomerate which has wide-ranging portfolio of more than 100 logic chain stores under brands like ADCOOP and SPAR. In taking the route of a direct listing rather than through an initial public offering (IPO), MAIR Group is doing something from left field. This strategic decision shows that it hopes with its own set of solid assets to stay well ahead of things to come and meet up thus guarantee success in any market, land or sea. financial stability and Business market presence. This approach allows the company to list existing shareholders’ shares directly on the exchange, making a significant statement about the firm’s transparency and the trust it has in its shareholder base.
What sets MAIR Group apart is its diverse and extensive shareholder network, which boasts more than 12,000 individuals. None of these shareholders hold more than 5% of the company’s stake, which showcases the company’s widespread support and community-rooted foundation. This structure reflects the evolution of MAIR Group from its early origins in the cooperative movement in the UAE to becoming a public joint-stock company under the new identity of “MAIR Group PJSC,” a transformation approved by the general assembly of the Abu Dhabi Cooperative Society in October 2024.
The listing is expected to create waves in the investment community as it represents not only a financial opportunity but also an affirmation of the UAE’s commitment to fostering growth and innovation within the economy. With its vast real estate portfolio including over 330,000 square meters of leasable space across shopping centers like the Mall of Al Ain and Makani Community Centers, and its dividend distribution of Dh135 million in 2024, MAIR Group’s solid financial health is set to attract attention from investors looking for reliable and promising ventures.
The listing on ADX, with shares trading under the ticker “MAIR” at a starting reference price of Dh1.16, paves the way for MAIR Group to further strengthen its position in the market. This strategic maneuver signifies not just the company’s growth but also the UAE’s ongoing development as a hub for business, investment, and economic progress.
