The transaction supports EGA’s strategic initiatives by enhancing liquidity and providing additional financial flexibility to execute long-term plans, while further strengthening the company’s balance sheet and debt maturity profile.
The financing combined conventional and Shariah-compliant facilities arranged with a group of 21 leading regional and international banks, including term loans and revolving credit facilities with tenors of up to five years.
The transaction attracted strong interest from financial institutions across the Middle East, Europe, Asia, and North America, with demand significantly in excess of the facility amount.
Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: “At EGA, we remain focused on long-term value creation for our shareholders including through capital structure optimisation. This successful financing reflects the strong confidence of the international banking community in EGA’s credit profile, operational excellence, and long-term growth strategy.”
EGA will use the proceeds to refinance existing indebtedness and support strategic initiatives.
