#Emirates Global Aluminium

Mubadala kkr tie-up

Davos 2023: Mubadala says Emirates Global Aluminium IPO may happen this year

A listing of the company this year would follow a boom for IPOs in the region that started in 2022 and fetched almost $23bn

Emirates Global Aluminium

UAE’s Emirates Global Aluminium reports $1.6bn in net profit for H1 2022

The company’s revenue for the first half of the year stood at $5bn, compared to $2.9bn in H1 2021

K Line Shipping ties up with EGA to decarbonise bulk cargo shipping

Emirates Global Aluminium, Kawasaki Kisen Kaisha partner to decarbonise bulk cargo shipping

The partnership will involve the development and implementation of new marine decarbonisation technologies suitable for EGA’s bulk cargo shipping routes

EGA aluminium

UAE’s EGA, Mohammed Bin Rashid Space Centre explore use of aluminium in space

The two parties discussed potential future synergies, including the use of EGA metal by the Mohammed bin Rashid Space Centre

UAE’s EGA and Saudi’s Ma’aden extend technology cooperation

Ma’aden and EGA will additionally consider cooperation on the management of by-products from processes in the aluminium value chain, and aluminium recycling

Emirates Global Aluminium reports $1.5bn in net profit for 2021

Revenue totalled $6.9bn in 2021, compared to $5.1bn in 2020

UAE’s EGA plans to build first aluminium recycling facility

Feasibility studies for the project are underway

Mubadala says it’s close to IPO of Emirates Global Aluminium

The company had planned an IPO in 2018 or 2019 but it was pulled after then-US President Donald Trump imposed tariffs on aluminum imports from the UAE

Biggest aluminum maker in Middle East sees prices staying high

Emirates Global Aluminium said earnings before interest, tax, depreciation and amortization were Dhs4.1bn in 2020

BMW EGA CelestiAL aluminium

BMW Group becomes first customer for UAE’s solar-powered CelestiAL aluminium

Using this aluminium from EGA will reduce BMW Group’s emissions by 222,000 tonnes of CO2 per year

Mohammed bin Rashid Al Maktoum Solar Park

UAE becomes world’s first country to produce aluminium using solar power

This solar-powered aluminium will be supplied to global customers under the new product name of CelestiAL