UAE Giants Tap Banks for Potential Multi-Billion Dollar EGA IPO

Emirates Global Aluminium (EGA) PJSC is reportedly preparing for a potential initial public offering (IPO), a move that could represent one of the largest listings in the Middle East, according to a Bloomberg.com report. The company, recognized as the region's largest aluminum producer, is said to be in discussions with Citigroup Inc., Goldman Sachs Group Inc., Emirates NBD Capital, and First Abu Dhabi Bank PJSC to manage the offering. Rothschild & Co. is also reportedly advising EGA on this transaction. While specific valuation details have not been disclosed, the report indicates that this IPO is expected to be a significant event, potentially enabling a substantial capital raise from the financial markets.