MAIR Group secures AED 1.2 billion Emirates NBD facility for expansion

The latest:

An AED 1.2 billion credit facility signed with Emirates NBD gives MAIR Group PJSC fresh capacity to push through acquisitions and expansion projects, the two companies said in a joint disclosure filed with the Abu Dhabi Securities Exchange. The Abu Dhabi-based investment company, listed under the ticker MAIR, said the money supports growth plans it intends to execute over the coming period.

Details:

• The figure: The agreement is valued at AED 1.2 billion and was announced on 13 November 2026 through ADX listed-company disclosures. The two sides described it as a credit facility rather than a loan tied to a single project, and no drawdown schedule or pricing terms were disclosed.
• The borrower: MAIR Group PJSC describes itself as a strategic investment company with a portfolio focused on retail and commercial real estate in the UAE. It trades on the Abu Dhabi Securities Exchange under the ticker MAIR, and the statement said the facility builds on the Group’s investment activity during 2026.
• The lender: Emirates NBD is presented in the statement as a leading banking group across the Middle East, North Africa, Turkiye and South Asia, a region it abbreviates as MENATASA. The transaction sits within its wholesale banking arm, which handles corporate and institutional financing.
• Stated use of funds: According to the joint statement, the facility is intended to support strategic acquisitions, capital expenditure and expansion projects across MAIR’s retail and commercial real estate holdings. Neither company named a specific target, asset or project that the money would be directed toward.
• Capital approach: MAIR said the facility adds financial flexibility in line with what it called a disciplined approach to capital management, balancing operating cash flows against external financing. The framing positions the borrowing as a complement to internally generated cash rather than a substitute for it.
• Group CEO: Nehayan Hamad Alameri, Managing Director and Group CEO of MAIR Group, said the company continues to build growth momentum and expand investments across key sectors and markets, and described the agreement as supporting its long-term strategy and shareholder value.
• Bank’s framing: Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said the partnership reflects the bank’s ability to deliver financing solutions for leading UAE businesses, adding that it is committed to “supporting its next phase of growth” as a long-term banking partner.
• Disclosure route: The announcement reached the market as a joint press release carried through ADX company disclosures, the standard channel for material information from listed issuers. The companies did not announce a tenor for the facility or any security attached to it.

Background:

MAIR Group is listed on the Abu Dhabi Securities Exchange, where issuers must publish material corporate information through the exchange’s disclosure platform. Emirates NBD’s wholesale banking division arranges corporate credit lines of this size for UAE-listed companies.

Between the lines:

The two sides framed the money around capacity rather than a named transaction: acquisitions, capital expenditure and expansion were listed as categories, with no target asset identified. Read against MAIR’s stated 2026 investment activity and its emphasis on balancing operating cash flows with external financing, the facility looks positioned as standby firepower for deals yet to be announced.

What’s next

Watch MAIR’s subsequent ADX disclosures for the first acquisition or project funded from the facility, and for its next financial statements showing how much of the AED 1.2 billion has been drawn.