Emirates Global Aluminium (EGA) and Saudi Arabian Mining Company (Ma’aden), Saudi Arabia’s national mining company, have signed an agreement to extend their exploration of potential collaboration on technology in the aluminium value
Emirates Global Aluminium (EGA), the world’s largest ‘premium aluminium’ producer and the biggest industrial company in the United Arab Emirates outside oil and gas, today reported record adjusted EBITDA and net profit for 2021.
DUBAI, 28th February, 2022 (WAM) Emirates Global Aluminium (EGA) today reported a net profit of AED5.5 billion ($1.5 billion), an increase of 1,140 percent compared to AED445 million ($121 million) in 2020.
EGA reported record adjusted Earnings Before Interest, Tax, Depreciation and Amortisation (adjusted EBITDA) more than doubled to AED9.0 billion ($2.5 billion) for 2021, from AED4.1 billion ($1.1 billion) for 2020, according to a company press release on Monday.
EGA's strongest-ever results were due to a strong global market for aluminium as economies.
Emirates Global Aluminium (EGA), the world’s largest ‘premium aluminium’ producer and the biggest industrial company in the United Arab Emirates outside oil and gas, today reported record adjusted EBITDA and net profit for 2021.
Emirates Global Aluminium (EGA), the world’s largest ‘premium aluminium’ producer and the biggest industrial company in the United Arab Emirates outside oil and gas, today reported record adjusted EBITDA and net profit for 2021.