Emirates Global Aluminium

EGA Awards US$34 MM Guinea Bauxite Mining Contract To Domestic Firm Guinéenne de Prestation et de Construction

EGA Awards US$34 MM Guinea Bauxite Mining Contract To Domestic Firm Guinéenne de Prestation et de Construction

Emirates Global Aluminium PJSC’s (EGA) wholly-owned subsidiary Guinea Aluminium Corporation awarded a major contract to a domestic construction firm as it continues to fulfill the promises made to enhance the Guinean economy. GAC awarded the US$34-million mining contract to Guinéenne de Prestation...

Events

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 […]

Sources Say Emirates Global Aluminium Pondering IPO

Sources say Emirates Global Aluminium PJSC (EGA) is weighing a possible initial public offering (IPO) in 2022 after the firm refinanced a significant chunk of its debt this week. Wire service Reuters is reporting that a trio of sources claiming knowledge revealed to them that the UAE’s aluminium smelter is considering offering between ten and […]

EGA Refinances US$5.5 Billion In Corporate Debt

Emirates Global Aluminium PJSC (EGA) completed a refinance of US$5.5 billion of its debt, reducing its debt load by US$1 billion. EGA’s refinance of the 2019 note is a senior unsecured note and extends the repayment date by two and a half years. The new note also features terms that materially reduces the cost of […]