Abu Dhabi, Dubai Tap Banks for Multibillion-Dollar EGA Listing

Emirates Global Aluminium PJSC has picked banks to arrange a potential initial public offering, according to people familiar with the matter, in what could be one of the largest listings in the Middle East.

The region’s biggest aluminum producer is in talks with Citigroup Inc., Goldman Sachs Group Inc., Emirates NBD Capital and First Abu Dhabi Bank PJSC to lead the deal, the people said, asking not to be named as the information is private. Rothschild & Co. is advising the firm, Bloomberg News reported last month.

The IPO could value the firm, co-owned by Abu ...