Emirates Global Aluminum is considering an IPO in 2022, in what could be one of the largest IPOs in the UAE in recent years.
According to Reuters, the company, which is one of the world's largest aluminum producers, is studying proposals from banks to put shares on the market.
The company is also considering offering between 10% and 20% of its shares to investors.
Initial estimates from banks indicate that the company's value ranges between $16 billion and $19 billion.
Rothschilds & Co. has been appointed as the financial advisor for the offering, the agency said.
The company's IPO was postponed in 2018, after the administration of former US President Donald Trump imposed tariffs on aluminum imports from the UAE.
The company is the largest aluminum producer in the Middle East and is equally owned by Mubadala and the Investment Corporation of Dubai.
Emirates Global Aluminium's revenue last year amounted to $5.1 billion, and its operating profit amounted to $1.1 billion.
