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Emirates Global Aluminium confirms IPO plans

Emirates Global Aluminium confirms IPO plans
One of EGA's factories (Photo Credit: Company Website)

By: Amr Adel

Dubai – Mubasher: Emirates Global Aluminium (EGA) confirmed its planned IPO, according to a statement.

The IPO step is still under study, yet the company did not determine the volume of shares that will be offered for sale or the bourse it will be listed on, a source told Mubasher

The IPO timing will not be determined, yet it is subject to market conditions.

The company’s production reached 2.4 million metric tonnes of aluminum per annum.

Translated by: Julian Nabil