Emal CEO Expects to Close $4.5 Billion Financing
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Emirates Aluminium Co. expects to close financing for a $4.5 billion expansion as it builds the world’s biggest smelter of the lightweight metal.
“We are looking at the end of this year to wrap it up,” Chief Executive Officer Saeed al-Mazrooei said in an interview in his office. “We’ll see what terms and conditions the market is offering, and based on that we can sit down with our shareholders and say these are the best options we have.”