EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today its role as sole financial advisor to the Metallurgical Industries Holding Company (MIH) and the Egyptian Aluminium Company (Egyptalum or EGAL) on its landmark announced partnership with Trafigura for the establishment of a new project company ("NewCo") to develop, own, and operate a new primary aluminium smelter at the Nag Hammadi complex. EFG Hermes is advising on both the equity and debt raising processes for the expansion project. The announcement of the term sheet signing today as a major milestone was announced simultaneously by MIH and Egyptalum.

Under the partnership, a newly incorporated project company that will be majority-owned by MIH and EGAL will serve as the vehicle for developing, owning, and operating the new production facility. Trafigura, a global leader in the commodities industry, will participate as a significant minority equity investor, a debt provider, and a long-term offtake and feedstock supply partner.

Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented: “We are proud to be advising MIH and Egyptalum on this landmark transaction, which would successfully bring together a world-class local champion and a global leader in the commodities industry for a project of genuine national significance. This partnership underscores EFG Hermes’ ability to structure complex, high-impact financing frameworks that enable national champions to attract international capital and execute transformative growth strategies in sectors that drive sustainable economic development. This is a critical milestone in the journey toward doubling Egyptalum's production capacity and reinforcing Egypt’s standing on the global stage. We remain fully committed to supporting all parties through to reach the official closing and successful execution of the transaction."

The expansion project, estimated at a total investment cost of USD 750 to 900 million, represents one of the largest capital investments in the company’s history. It includes the construction of a new primary aluminium smelter with a capacity of approximately 300,000 tonnes per annum, alongside a 150,000-tonne-per-annum anode plant. Once completed, the project will nearly double Egyptalum’s current output, increasing export revenues and reinforcing Egypt’s standing as a major global aluminium producer.

-ENDS-

About EFG Holding:
EFG Holding (EGX: HRHO.CA – LSE: EFGD) is a financial institution that boasts a legacy of more than 40 years of success in seven countries spanning two continents. Operating within three distinct verticals — the Investment Bank (EFG Hermes), Non-Bank Financial Institutions (NBFI) (EFG Finance), and Commercial Bank (Bank NXT) - the company provides a comprehensive range of groundbreaking financial products and services tailored to meet the needs of a diverse clientele, including individual clients and businesses of all sizes.

EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers extensive financial services, encompassing advisory, asset management, securities brokerage, research, and private equity. In its domestic market, EFG Holding serves as a universal bank, with EFG Finance emerging as the fastest-growing NBFI platform, comprising Tanmeyah, a provider of innovative and integrated financial solutions for micro and small business owners and entrepreneurs, EFG Corp-Solutions, which provides leasing and factoring services, Valu, a universal financial technology powerhouse, Bedaya for mortgage finance, Kaf for insurance, and EFG Finance SMEs, which provides financial services for small and medium enterprises. Furthermore, the company delivers commercial banking solutions through Bank NXT, an integrated retail and corporate banking product provider in Egypt. 
Proudly present in: Egypt | United Arab Emirates | Saudi Arabia | Kuwait | Bahrain | Kenya | Nigeria 
Learn more about us at www.efgholding.com 

For further information, please contact:

May El Gammal
Group Chief Marketing & Communications Officer of EFG Holding
melgammal@efghldg.com 

Omar Salama
Head of Communications of EFG Holding
osalama@efghldg.com 

The EFG Holding Public Relations Team
PublicRelations@efgholding.com

Note on Forward-Looking Statements:
In this press release, EFG Holding may make forward-looking statements, including, for example, statements about management’s expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding’s belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management’s control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations and regulatory actions. Accordingly, the readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.