"Mer" Its shares are listed on the Abu Dhabi Stock Exchange

ABU DHABI, 9 December, 2017 (WAM) – Mair Group, an investment company and one of the food retail and commercial real estate companies, announced the listing of its shares for trading on the Abu Dhabi Securities Market under the symbol “MAIR”.
The group’s shares are available to institutional and individual investors, and its shares began trading at a reference price of 1.16 dirhams per share, bringing its market value to about 2.6 billion dirhams ($706 million).
The group confirmed, in a press statement today, that this listing constitutes a shift in its long-term strategy to expand its presence in the food retail and commercial real estate sectors, in addition to investing in the value chain to effectively contribute to the implementation of the UAE’s food security strategy.
Captain Mohammed Juma Al Shamsi, Chairman of the Board of Directors of Mir Group, said that the direct listing of the group’s shares on the Abu Dhabi Securities Market constitutes a turning point in its growth process, and evidence of its commitment to innovation, sustainable growth, and achieving long-term value for all stakeholders.
He added that this listing is not only linked to improving liquidity and profits, but is also a commitment to achieving growth, providing opportunities, and building a legacy of trust and shared success.
For his part, Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Market Group, said that this listing represents the twenty-sixth listing on the Abu Dhabi Securities Market this year, and consolidates the diversity and growth of the various sectors in the market, and highlights the market’s role as the preferred platform for financial growth. In the UAE and abroad.
He added that the listing of the Mir Group reflects the progress achieved by the Emirate of Abu Dhabi in developing a strong, multi-sector economy, and strengthens the position of reliable exporters in the dynamic and transparent market, expressing his aspiration for the positive impact that this listing will have on the financial scene in Abu Dhabi.
For his part, Nahyan Al Ameri, Managing Director and CEO of Mai Group, said that the listing constitutes an important turning point that will place the group in an advanced position on the path of growth and innovation, with its strong portfolio in the field of food retail, commercial real estate and strategic investments.

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