Aluminium Bahrain B.S.C. (Alba)

Alba Lauded for Environmental Best Practices

Alba Lauded for Environmental Best Practices

Aluminium Bahrain B.S.C. (Alba) announced on Wednesday that it has been declared the Gold Winner of the Green World Award 2016 for Environmental Best Practice. The award is the top-tier award of the Green Apple Awards, given out by the Green Organization...

Events

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 Increases Line 6 Loan Amount to US$1.5 Billion

Aluminium Bahrain B.S.C. (Alba) announced on Thursday that it has garnered commitments in the amount of US$1.5 billion for the commercial loan facility needed to complete the firm’s Line 6 project. Alba is planning to become the owner of the world’s largest aluminium smelting complex, with Line 6 boosting the firm’s capacity from 540,000 metric […]

Alba Selects GE and GAMA Consortium for Line 6 Power Station EPC Contractor

Aluminium Bahrain B.S.C. (Alba) has named GE and GAMA Consortium the Engineering, Procurement and Construction (EPC) for the former’s planned Power Station 5, the power station responsible for powering the planned Line 6. Alba made the announcement on Monday. According to the terms of the contract, GE and GAMA Consortium will design, engineer, procure, construct, […]

Alba to Seek More than Original Loan Amount of US$750 MM for Line 6

The Kingdom of Bahrain’s Aluminium Bahrain (Alba) is planning to increase the loan amount it seeks from its financial backers for the firm’s Line 6 project. According to its CEO, strong support from banks has prompted it to ask for more than the original US$750 million contemplated at the outset. Upon the completion of the […]