MAIR Group signs SPA for 70% strategic stake in Espressolab owner Eslab

MAIR Group PJSC signed an SPA to acquire 70% of Eslab, owner of Espressolab — a franchise-led network of 400+ specialty coffee shops across 21 countries — with founders retaining 30% and completion subject to regulatory approvals.

23 September 2026

MAIR Group PJSC (ADX: MAIR) announced on 23 September 2026 that it has entered into a Share Purchase Agreement to acquire 70% of the issued share capital of Eslab Kahve Gida Sanayi ve Ticaret A.Ş. (Eslab), the owner of Espressolab, a Turkish-origin specialty coffee brand.

The transaction is MAIR Group’s first international acquisition since its ADX listing towards the end of 2024, extending its portfolio beyond UAE retail and commercial real estate. Under the SPA, Eslab’s founders and existing shareholders will retain a 30% interest and continue to support the business. Completion remains subject to customary closing conditions, including applicable regulatory approvals.

As of August 2026, the Espressolab network comprised more than 400 coffee shops across 21 countries, including more than 310 stores across more than 50 Turkish cities, on a predominantly franchise-led model.

According to a MAIR Group press release filed with the Abu Dhabi Securities Exchange dated 23 September 2026.