Bank of Tokyo-Mitsubishi and the Sumitomo Mitsui Banking Corporation are likely to chip in US$500 million of the US$4 billion needed and it is likely that Emal will seek bond investors too.
Emal recently announced that its Al Taweelah smelter has completed over 10 million work hours with zero lost time incidents.
The company claims that its Safety First, Last and Always culture is paying dividends, making it an industry leader in health and safety.
The company’s CEO Saeed Fadhel Al Mazrooei, said that Emal’s safety record demonstrates its commitment to deploying high safety standards.
