Ali Al Baqali

Alba Reports Gross Profit Increase Of 6 Percent In 2019

Alba Reports Gross Profit Increase Of 6 Percent In 2019

Aluminium Bahrain B.S.C. released results for the final quarter and full year of 2019 on Thursday. Despite less than favorable market conditions, the firm reported better results in most metrics for both periods largely due to the commissioning of aluminium production at...

Events

Alba Refinances US$1.5 Billion Loan Facility Funding Line 6 Expansion Project

Aluminium Bahrain B.S.C. announced yesterday the successful refinancing of a US$1.5 billion syndicated loan facility that the firm has been using to fund the Line 6 Expansion Project. Per the firm, the new terms of the facility give it an 8-year tenor with 16 semi-annual payments and a 6-month grace period for each payment. The […]

Alba Adds New Custom Fire Truck To Safety Vehicle Fleet

Aluminium Bahrain B.S.C. announced a new addition to its safety vehicles today as it added to the fleet a custom-made fire truck that features state-of-the-art fire-fighting equipment. The vehicle, which was produced by a United States company specifically for Alba, complies with international fire safety standards and Bahrain’s requirement that it be able to service […]

Alba Reports 53 Percent Bump In Gross Profit For Q3

Aluminium Bahrain B.S.C. reported financial results for the third quarter and opening three months of 2019 yesterday. A weak global market for aluminium notwithstanding, the firm reported increases in both sales and profit for the just-ended quarter. In the third quarter, Alba generated a Profit and Total Comprehensive Income of BD10.7 million (US$28.5 million), down […]

Alba Sets Records For Production And Sales Volume In Q3

Aluminium Bahrain B.S.C. announced yesterday that it set a record last quarter for both production and sales volume of primary aluminium. In the third quarter Alba smelted a total of 385,396 metric tons of primary aluminium, up by 53 percent on the year from last year’s third-quarter total production of 251,472 metric tons. Meanwhile, the […]