Bid & Tender
Emirates Global Aluminium Secures $600mn Loan

Date : Feb 20, 2020

Emirates Global Aluminium (EGA), one of the largest industrial companies in the United Arab Emirates (UAE), secured a $600 million three-year revolving loan from UAE and international banks.

 

Commercial Bank of Dubai, Emirates NBD, Mashreqbank and Standard Chartered were joint lead arrangers and bookrunners for the deal, the company said in a statement.

 

The loan "replaces uncommitted facilities extended to EGA separately by a number of banks," the company said.