Emirates Global Aluminium (EGA)

EGA Retires US$361 MM In Indebtedness Early In 2021

EGA Retires US$361 MM In Indebtedness Early In 2021

Emirates Global Aluminium PJSC (EGA) announced last week the full repayment ahead of schedule of the project finance facilities that funded its aluminium smelter at Al Taweelah in Abu Dhabi. EGA retired the debt to 13 export credit agencies totaling US$361 million...

Events

EGA Commissions New Aluminium Production Capacity At Al Taweela Smelter

Emirates Global Aluminium PJSC (EGA) officially completed the latest expansion at its Al Taweela aluminium smelter over the weekend. The project expanded the Al Taweela smelter’s nameplate capacity to 78 thousand metric tons per annum by installing 66 new state-of-the-art reduction cells. EGA notes that the cells use entirely domestic technology, as have all expansions […]

EGA Chooses Banks For Coming IPO: Sources

Sources claiming knowledge of the situation say Emirates Global Aluminium PJSC (EGA) is on the verge of selecting the three banks it intends to use to launch its initial public offering (IPO) later this year. Unnamed sources told Bloomberg last week that EGA’s owner Mubadala Investment Co. will name Citigroup Inc., Goldman Sachs Group Inc., […]

EGA’s Al Taweelah Refines Record 1.09 MMT Of Alumina In 2021’s First Half

Emirates Global Aluminium PJSC (EGA) turned in results for the first half of 2021 this week. The firm showed a strong rebound from last year’s pandemic-related challenges. In the year’s first half EGA turned a net profit of US$473 million, up from last year’s second-half total of US$178 million and reversing the first-half loss of […]