Aluminium Bahrain B.S.C. (Alba) received a pair of prestigious awards late last month in recognition of its investor relations.
In a virtual awards ceremony and conference held on September 22 and 23, Alba was named the Leading Corporate for Investor Relations in Bahrain and Best Investor Relations Professional – Bahrain. The awards were bestowed upon Alba at the 2020 Middle East Investor Relations Association (MEIRA) Annual Conference.
Alba’s Chief Executive Officer Ali Al Baqali noted the importance of quality investor relations in a related press release.
“We never know what kind of market set-up will have for us, but we have this one opportunity to make a first impression – with investors and financial community. We are pleased that our IR discipline and our commitment to stakeholders have been again recognised at the 2020 MEIRA Annual Conference and Awards. I also take this opportunity to congratulate Alba’s Director of IR, Insurance and Corporate Secretary – Eline Hilal and the IR team for their savviness to advance the IR role of Alba in the region and deliver shareholder value.”
The MEIRA Annual Conference is the largest investor relations event in the region, and it recognizes the efforts of publicly-traded firms and IR professionals in those companies for the work they do in developing investor relations in general. The gathering also acts as a forum for IR professionals to collaborate on best practices and compare notes on trends in the field.
Alba is one of the largest industrial companies in the Middle East and is the world’s biggest aluminium smelter outside the People’s Republic of China. Originally incorporated in 1968, the company is based in Bahrain and 84% of its total workforce are Bahraini nationals. It began operations in 1971 with a 120,000 metric ton annual capacity. Modernization bumped the output up to 450,000 metric tons in 1992. In the spring of 2005, Alba opened Line 5, raising output by 860,000 metric tons per year. In 2019 Alba’s smelter produced 1,365,005 metric tons of primary aluminium.