Manazel PJSC
AADX:MANAZEL0.30
AED
-0.01
(-3.26%)
ISIN
AEM000601017
Return %
Stock
S&P 500
1Y
-2.94
14.20
3Y
-17.50
81.12
5Y
-37.08
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Semi-annual Revenue
FRC
•
in mil. unless spec.Semi-annual Earnings Per Share
FRC
•
in mil. unless spec.Semi-annual Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Mamdouh Fathy Abdelwahab
- Sector
- Finance
- Industry
- Real estate development
- Address
- Abu Dhabi United Arab Emirates
- Website
- manazelgroup.com
- Similar Companies
- Business
- Manazel PJSC is an Abu Dhabi-based real estate development and property management company that specializes in developing master-planned residential communities, commercial properties, and mixed-use real estate assets, with a strategic focus on the middle-income demographic. Established in May 2006 and headquartered in Prestige Towers, Mohammed Bin Zayed City, Abu Dhabi, United Arab Emirates, the company operates in compliance with Islamic Shari'a principles and trades publicly on the Abu Dhabi Securities Exchange under the ticker MANAZEL. The company operates across five core business segments: Property Development and Sales, Investment Properties Portfolio, Property Management and Related Activities, District Cooling Services, and Facility Management and Others. Its core products, brands, and specialized service offerings comprise: Real Estate Development and Asset Sales: design, construction, master planning, and sale of integrated residential and commercial developments, including large-scale master-planned communities featuring townhouses and villas such as Al Reef 1 and Al Reef 2; multi-family residential clusters including Al Reef Downtown and the Merzab Residential Complex; commercial office towers including Prestige Towers; and regional retail shopping centers including Capital Mall. Property Management and Real Estate Brokerage: end-to-end leasing management, tenant relations, property marketing, portfolio advisory, and residential and commercial sales brokerage executed via Manazel Specialists Real Estate LLC and Al Reef Capital Real Estate LLC. Retail Asset Management: retail space leasing, mall operations, tenant mix optimization, and commercial venue management operated through its dedicated subsidiary, Manazel Malls. District Cooling and Utility Infrastructure: provision of chilled water supply, thermal energy distribution, central cooling plant operations, and utility network management for master-planned communities through subsidiaries Capital Cooling LLC and Al Reef Cooling LLC. Facility Management and Support Services: integrated building maintenance, mechanical, electrical, and plumbing engineering, HVAC servicing, and civil maintenance delivered via Tools Man General Maintenance LLC; specialized commercial and residential cleaning services; landscaping and grounds maintenance; physical security guarding and asset protection conducted via The Guard Public Security Guarding Services LLC; and courier and parcel delivery operations through Portel Parcel Services LLC. Geographically, Manazel conducts its primary development, property management, and utility operations in the United Arab Emirates, primarily within the Emirate of Abu Dhabi, while maintaining international investment and development arms targeting expansion across the wider Middle East and Gulf Cooperation Council region, including Saudi Arabia, Jordan, and Oman. In recent major company developments, Manazel has implemented strategic initiatives focused on capital structure optimization, geographic diversification, and asset repositioning. The company engaged global investment banking firm Houlihan Lokey to execute a comprehensive capital optimization strategy aimed at streamlining balance sheet performance and enhancing capital efficiency. Regionally, Manazel entered into a strategic partnership with Yamnak Consulting to acquire land and develop residential real estate projects in Madinah, Kingdom of Saudi Arabia, and initiated discussions with the Ministry of Housing and Urban Planning in Oman to assess property investment opportunities in Muscat. Operationally, the company expanded its commercial footprint by launching a dedicated Chinese commercial and trade market at Capital Mall in Abu Dhabi to increase retail occupancy and foot traffic, while progressing construction milestones on the Merzab Residential Complex in Al Samha. Furthermore, Manazel announced a strategic expansion into the hospitality and leisure sector, modernized its corporate governance frameworks through amendments to its Articles of Association, and reported improved financial performance with net profit rising to AED 14.39 million in 2025 compared to AED 8.22 million in 2024.