Dubai Aluminium completes $1.8bn loan

Dubai Aluminium (Dubal) has completed a $1.8 billion seven-year loan. (Supplied)

Dubai Aluminium (Dubal) has completed a $1.8 billion seven-year loan for general business purposes, the company said in a statement on Sunday.

The deal was underwritten by Citigroup, Emirates NBD  and Societe Generale, the statement said. Twelve other banks also contributed to the loan, it added.

Reuters reported on Thursday that Dubal had signed the deal at the very end of 2014.

Dubal merged in 2013 with Abu Dhabi's Emirates Aluminium (Emal) to create Emirates Global Aluminium (EGA), the world's fifth-largest aluminium company with an enterprise value of about $15 billion.


 

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