Arab Finance: Egypt Aluminum Company (Egyptalum) (EGAL) has appointed Premiere Advisory as financial advisor to conduct the fair value (FV) study on the company’s stock, according to a statement issued on November 28^th.

The financial advisor will perform the FV study on Egyptalum’s stock as it plans to raise the company’s capital to support the rehabilitation of its current factory and maintain its production capacity at 320,000 tons.

Once the FV study is complete, the capital increase documents will be submitted to the Financial Regulatory Authority (FRA) for approval.

This disclosure came as a response to the recently published news in newspapers reporting the appointment of Premiere Advisory to conduct the FV on the company’s stock.

Egyptalum is the largest aluminum producer in Egypt and is one of the leading companies in Africa.