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Reuters reports that Abu Dhabi’s investment fund, Mubadala has offered to buy a stake in state-owned Dubai Aluminium to form a new holding company.
Reuters reports that Abu Dhabi’s investment fund, Mubadala has offered to buy a stake in state-owned Dubai Aluminium to form a new holding company.
The market news is quoted as saying:
The new company will also include Emirates Aluminium Co (Emal) — a joint venture between Dubal and Mubadala — and will have a production capacity of 2.5 million tonnes annually, Dubal Chairman Sheikh Hamdan Bin Rashid Al Maktoum was quoted as saying.
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