United Arab Emirates Global Aluminium: Plans to Acquire Sohar Aluminium Shares
May 19, 2026
According to foreign media reports, sources familiar with the matter disclosed that Emirates Global Aluminium (EGA) is in detailed negotiations with Sohar Aluminium (with an annual production capacity of 400,000 tons) to acquire a stake in the latter, with the aim of expanding its business footprint beyond the United Arab Emirates.
Sohar Aluminium is jointly owned by the Omani state-owned energy company OQ and the Abu Dhabi-based national energy company TAQA, each holding 40% of the shares, while Rio Tinto Group holds 20% of the shares.
Sources say that EGA will take over TAQA's stake in Sohar Aluminium, and at the same time EGA is seeking to acquire the shares held by Rio Tinto.
After Iran launched an attack in late March, EGA was forced to shut down approximately 60% of its approximately 2.5 million tons per year smelting capacity in the United Arab Emirates. Due to the war in Iran which closed its usual shipping routes through the Strait of Hormuz, the company has recently been using the Sohar Port in the Arabian Gulf for transportation.
EGA is jointly owned by the Abu Dhabi Mubadala Investment Company and the Dubai Investment Company.
