Dubal Holding

Name

Dubal Holding

Legal name

DUBAL Holding L.L.C

Website

https://dubalholding.ae

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Industrial Investment Holding

NAICS

Alumina Refining and Primary Aluminum Production (331313), Management of Companies and Enterprises (5511)

SIC

Primary Production Of Aluminum (3334)

akta.pro primary industry

Natural Resources — Energy & Mineral Resources (FSAAAKAJ)

akta.pro secondary industries

Primary Aluminum Smelting (IMAKACAC), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

Keywords

• Industrial investment holding
• Sustainable investments
• Commodity investments
• Energy sector investments
• Aluminium production investment

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Investment Returns and Dividends: DUBAL Holding generates returns through dividend income and capital appreciation from its portfolio companies including Emirates Global Aluminium (50% stake), Sinoway Carbon Co, OSE Industries LLC (100% stake), and Warsan Waste Management Company. The company also participates in joint venture transactions such as the $1.9 billion acquisition of EGA's power and water assets alongside TAQA.
2. Mining and Commodities: Through its 50% shareholding in Emirates Global Aluminium (world's 5th largest aluminium producer) and stake in Sinoway Carbon Co (840kt/year CPC production), the company benefits from commodity market returns and sustainable aluminium production growth.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

DUBAL Holding is a private investment holding company that manages a diversified portfolio of strategic investments across commodity & mining, energy, and industrial sectors with a focus on sustainability. The company holds a 50% stake in Emirates Global Aluminium (world's 5th largest aluminium producer), 100% of OSE Industries (aluminium extrusion for EVs/solar/HVAC), a shareholding in Sinoway Carbon Co (840kt/year CPC production in China), a consortium stake in Warsan Waste Management Company (one of the world's largest single-site waste-to-energy facilities), and a 35% stake in the Sohar Titanium slag production project in Oman.

Product overview

DUBAL Holding is an investment company that manages a diversified portfolio of investments across three main sectors: Commodity & Mining, Energy, and Industrial. The company operates as a platform holding stakes in multiple companies including a 50% share in Emirates Global Aluminium (EGA), Sinoway Carbon Co in China, OSE Industries LLC in the UAE, and Warsan Waste Management Company. DUBAL Holding's investment strategy focuses on sustainability projects that contribute to the UAE's industrial and energy diversification goals under the Dubai Industrial Strategy 2030 and Dubai Energy Strategy 2050.

Differentiator

Problem solved

Functional benefit

Products and services

• Emirates Global Aluminium (EGA) Portfolio Investment 50% shareholding in Emirates Global Aluminium (EGA), one of the world's largest premium aluminium producers and the world's 5th largest aluminium producer. EGA supplies customers in more than 60 countries and employs over 8,000 people. The first Middle East headquartered aluminium producer to join the Aluminium Stewardship Initiative in 2017.
• Sinoway Carbon Co Portfolio Investment Shareholding in Sinoway Carbon Co, a Calcined Petroleum Coke (CPC) production facility located in Shandong Province, China. Current production capacity is 840,000 tonnes per year, achieved through three expansion phases.
• OSE Industries LLC Portfolio Investment 100% stake in OSE Industries LLC, a UAE-based aluminium extrusion company specializing in products for the electric vehicle market, solar power industry, and HVAC sector (aluminium rolled tubes).
• Warsan Waste Management Company Portfolio Investment Consortium stake in Warsan Waste Management Company, one of the world's largest single-site waste-to-energy facilities in the UAE. Capable of handling 5,000 tonnes of municipal solid waste per day (1.82 million tonnes per year), providing electricity for approximately 100,000 households.
• EGA Al Taweelah Power and Water Assets (Joint Venture with TAQA) Joint venture with TAQA to acquire and decarbonise EGA's Al Taweelah power and water generation assets. EWEC will purchase power under a long-term agreement through 2049, expected to reduce 3.5 million tonnes of CO2 emissions annually by 2035 and supply EGA with 23 TWh per year of electricity for 24 years.
• Sohar Titanium Slag Production Project 35% stake in the Sohar Titanium slag production project located in Oman's Sohar Freezone. The 150,000 tonnes per annum facility will be Oman's first titanium slag production facility, integrating the country into the global titanium value chain.

Quantifiable outcome

• 50% share in world's 5th largest aluminium producer with operations in 60+ countries
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Minerals Development OmancoreStrategic or Co-development Partner · 26 March 2026Minerals Development Oman holds a 35% stake in the RO 63.5 million Sohar Titanium slag production project in Oman's Sohar Freezone. The 150,000 tonnes per annum facility will be Oman's first titanium slag production facility, integrating the country into the global titanium value chain.
• TI InternationalminorStrategic or Co-development Partner · 26 March 2026TI International is a partner in the Sohar Titanium slag production project alongside Minerals Development Oman and DUBAL Holding.
• TAQA (Abu Dhabi National Energy Company)coreStrategic or Co-development Partner · 27 November 2025TAQA and DUBAL Holding formed a joint venture to acquire EGA's Al Taweelah power and water generation assets for $1.9 billion. Both companies signed agreements with EGA and EWEC to decarbonise aluminium production and expand renewable energy development in Abu Dhabi. The initiative is expected to reduce 3.5 million tonnes of CO2 emissions annually by 2035.
• EWEC (Emirates Water and Electricity Company)coreStrategic or Co-development Partner · 27 November 2025EWEC signed agreements to purchase power from the Al Taweelah plant under a long-term agreement through 2049, as part of the decarbonization initiative. EWEC will supply EGA with 23 TWh per year of electricity for 24 years, making EGA the largest single customer on the Abu Dhabi grid.
• Emirates Global Aluminium (EGA)coreStrategic or Co-development Partner · 1 January 2017DUBAL Holding holds a 50% share in Emirates Global Aluminium, one of the world's largest 'premium aluminium' producers. EGA became the first Middle East headquartered producer to join the Aluminium Stewardship Initiative in 2017. EGA employs over 8,000 people and serves customers in more than 60 countries.
• Sinoway Carbon CocoreStrategic or Co-development PartnerDUBAL Holding holds a shareholding in Sinoway Carbon Co, a Calcined Petroleum Coke (CPC) production facility located in Shandong Province, China. Current production capacity is 840kt/year achieved through three expansion phases (2014: 280kt, 2017: 560kt, 2019: 840kt).
• OSE Industries LLCcoreStrategic or Co-development PartnerDUBAL Holding holds 100% stake in OSE Industries LLC, a UAE-based aluminium extrusion company specializing in products for the electric vehicle market, solar power industry, and HVAC sector.
• Warsan Waste Management CompanycoreStrategic or Co-development PartnerDUBAL Holding is part of a consortium building one of the world's largest single-site waste-to-energy facilities in the UAE. The facility can handle 5,000 tonnes of municipal solid waste per day (1.82m tonnes/year), providing electricity for approximately 100,000 households.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ADQ (Abu Dhabi Developmental Holding Company): UAE-based strategic holding company investing across industrial, energy, and commodities. Highly comparable mandate of advancing UAE economic diversification, government backing, and focus on industrial platforms — making it one of the closest structural peers to DUBAL.
• Saudi Arabian Mining Company (Ma'aden): Saudi-listed mining and metals conglomerate with government backing, invested across aluminum, phosphates, gold, copper, and industrial minerals. Compares to DUBAL as a state-aligned vehicle pursuing mineral value-chain investments and downstream integration across multiple commodities.
• Mubadala Investment Company: Abu Dhabi sovereign wealth investor with a parallel mandate in industrial, energy, and commodities sectors. Closely comparable structure: government-backed holding company deploying capital into mining, energy, and industrial platforms (e.g., Emirates Global Aluminium co-ownership via its stake in EGA).

Broad incumbents

• Abu Dhabi National Energy Company (TAQA): National energy champion of Abu Dhabi with utility, power generation, and water assets. Direct JV partner with DUBAL in the $1.9B Al Taweelah acquisition and comparable as a state-backed energy and industrial platform with strategic decarbonization mandate.
• Glencore plc: Global diversified commodities producer and trader with major industrial and energy asset exposure. Comparable in multi-commodity investment posture and scale, though DUBAL operates in sovereign-backed mode rather than public market.
• Investment Corporation of Dubai (ICD): Parent entity of DUBAL, ICD is the principal investment arm of the Government of Dubai with a much broader portfolio across aviation (Emirates), real estate, financial services, and energy. Relevant as a broader sovereign holding peer with the same government-backer and diversification mandate.
• Vedanta Limited: Large diversified metals and mining conglomerate with operations across aluminum, copper, zinc, lead, and oil & gas. Comparable as a multi-commodity, vertically integrated resource platform with sovereign-family ownership backing.

Emerging players

• Norsk Hydro ASA: Integrated aluminum producer with primary smelting, extrusion, and renewable energy operations. Overlaps with DUBAL's exposure through EGA and OSE Industries; a key listed comp for valuing aluminum-heavy bets.
• Abu Dhabi Ports / Noatum (AD Ports Group): State-backed UAE industrial/logistics platform under similar diversification logic. Less direct overlap, but comparable as a sovereign-enabled industrial platform seeking regional and global scale in adjacent verticals.
• Abu Dhabi Sustainability & Decarbonization platforms (Masdar / IRENA-adjacent): UAE state-backed clean energy and green industrial platform. Overlaps with DUBAL's sustainability mandate under Dubai Energy Strategy 2050, particularly through Warsan waste-to-energy and EGA's decarbonization roadmap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/dubalholdingae

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dubal Holding