Alba

Alba Publishes First Sustainability Report

Alba Publishes First Sustainability Report

Aluminium Bahrain B.S.C. announced the publication of its inaugural Sustainability Report last week. The company’s first-ever such report describes its notable environmental, economic, and social highlights of its business activities in 2016. It showcases Alba’s sustainability performance and the strategies the company...

Events

Alba “Kick Starts” Upgrade of Lines 4 & 5

Aluminium Bahrain B.S.C. announced yesterday that it has “kick started” its upgrade project to increase the amperage of its smelter’s Lines 4 and 5. The project, which the firm undertook in an effort to reduce cost and increase energy efficiency, was begun in September of this year. The project in question consists of designing and […]

Alba Closes on US$1.5 BN Loan for Line 6 Project

Aluminium Bahrain announced on Sunday that it has successfully closed its syndicated term-loan facility. This is the first tranche in the firm’s funding of its Line 6 project. The firm initial financing target was between US$500 million and US$750 million, but the loan was eventually increased to US$1.5 billion because of greater interest from lenders. […]

Alba Announces Appointment of New Finances Manager

Aluminium Bahrain announced an executive appointment earlier this week, having named Ahmed A. Qader Ishaq the new manager for financial accounting and controlling. Ishaq is a Certified Public Accountant and has been with the firm for just over six years, joining as head of internal auditing. He is working towards an MBA at ESSEC through […]

Alba Seeks US$750 MM Loan to Fund Line 6 Project

Sources told Reuters on Tuesday that Aluminium Bahrain (Alba) is negotiating with financial institutions to obtain a US$750 million loan to fund its ongoing Line 6 expansion. Alba is raising US$3 billion to finance the project via a mix of loans from banks and export credit agencies as well as through international bonds. This latest […]

Bright Spots Abound in a Rough Q1 for Bahrain’s Alba

Aluminium Bahrain B.S.C. (Alba) released first quarter numbers on Monday. The firm’s sales figures were up in the quarter despite a weak overall market. According to the company’s press release, it reported a Total Sales number of BD 156.5 million (US$416 million), which is down 24% year-on-year from BD 206.6 million (US$549 million) for the […]