‏NEOM Meets with Business Community in the United States

NEOM concluded a series of "Discover NEOM" events with investors and business partners in the United States. (SPA)
NEOM concluded a series of "Discover NEOM" events with investors and business partners in the United States. (SPA)
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‏NEOM Meets with Business Community in the United States

NEOM concluded a series of "Discover NEOM" events with investors and business partners in the United States. (SPA)
NEOM concluded a series of "Discover NEOM" events with investors and business partners in the United States. (SPA)

NEOM has concluded a series of "Discover NEOM" events with investors and business partners in the United States as part of its ongoing efforts to highlight the project’s latest developments and explore investment opportunities, reported the Saudi Press Agency.

CEO of NEOM, Nadhmi Al-Nasr said: "We came to the United States to explore the significant market opportunities that NEOM presents to American corporations, to showcase the great progress NEOM has made and to discuss how we can best support the collaborative international effort to address global challenges."

"The events were attended by over 700 business, financial, investment, environment and sustainability, technology and manufacturing leaders. NEOM looks forward to the meaningful partnerships that will be forged out of our US visit and the investment opportunities it will bring to NEOM and Saudi Arabia supported by the guidance of Crown Prince Mohammed bin Salman."

During the US visit, NEOM held a special event at the Saudi Embassy in Washington, DC to honor students on NEOM’s scholarship program, in the presence of the Saudi Ambassador to the US, Princess Reema bint Bandar Al-Saud. The event celebrated students from NEOM and Tabuk in a show of support, motivation and empowerment, reflecting the Saudi leadership’s belief in its youth as today’s partners and tomorrow’s leaders.

‏"Discover NEOM" is the name for a series of world events that included a similar event held in London late last year to showcase NEOM and explore investment opportunities with potential partners from all sectors. NEOM plans to expand its events to reach more destinations all over the globe.



Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month

Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month
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Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month

Abu Dhabi's MAIR Group to List in Abu Dhabi Next Month

Abu Dhabi-based MAIR Group, an investment firm active in sectors including food retail and commercial real estate, said on Thursday it would list on the local bourse next month.

The company, which operates over 100 stores in the United Arab Emirates (UAE) under the ADCOOP and SPAR brands, said in a statement the listing on the Abu Dhabi securities exchange (ADX) would take place on Dec. 9.

It did not disclose the amount of stock shareholders and employees plan to sell through the so-called direct listing, which takes place when a company offers shares to the public without going through a bank-backed initial public offering, Reuters reported.

As MAIR prepares to list "we are ready to amplify our impact, strengthen our foundations, and invite stakeholders to join our journey," Managing Director and CEO Nehayan Al Ameri said.

MAIR, which also manages more than 12 shopping centers through its commercial real estate division, booked revenues of 1.2 billion dirhams ($326.7 million) in the first half of 2024.

Last year, it distributed 135 million dirhams in dividends, equal to 12.11% of the share capital, to its over 12,000 shareholders.