Hawksford’s Corporate services team in Jersey recently supported AIR Global, the world’s largest flavoured shisha molasses producer and owner of the Al Fakher brand, with the successful closing of its listing on Nasdaq.
Now trading on the Nasdaq Global Market under the ticker symbol ‘AIIR’, AIR – formally known as Advanced Inhalation Rituals – reported US$399.7 million in revenue and US$139.3 million in adjusted EBITDA for 2025. Headquartered in Dubai, the business is a global innovative leader in social inhalation with a presence in over 90 markets.
In particular, Hawksford’s team in Jersey supported the pre-listing restructuring process, including formation of Jersey companies, as well as assistance and support throughout listing. In addition, the team is providing ongoing corporate administration services, including registered office services, to the listed entity.
James Quinn (pictured), Director – Corporate, Hawksford, said: “We’re proud to have supported the AIR team in this significant milestone for the business. This transaction reflects our team’s global expertise and sector knowledge in delivering cross-border structures that connect capital markets in the Middle East, Europe and the US, as well as the flexibility and appeal of Jersey’s company structures for global listing activity.”
Ruari Allan, Director – Corporate, Hawksford, added: “This deal demonstrates how Hawksford is well positioned to support clients with their structuring through every stage of their development, whether it’s the next step in the progression of their business or from inception at the start of their lifecycle.”
Stuart Brazier, CEO of AIR, said: “AIR’s entry into the public markets represents a pivotal moment not just for our company, but for the evolution of the shisha and hookah categories as well. What originated centuries ago as a cultural ritual is now emerging as a modern, social experience embraced by both its core traditional consumers and a new generation of consumers in Western markets. AIR is the only scaled, purpose-built hookah platform that pairs exceptional flavour innovation with next-generation, science-driven product design.”
