Shaikh Daij Bin Salman Bin Daij Al Khalifa

COVID-19 Dims Alba’s Third Quarter Numbers

COVID-19 Dims Alba’s Third Quarter Numbers

Aluminium Bahrain B.S.C. (Alba) announced results for the year’s third quarter and its first nine months yesterday, reporting numbers lower than usual due to the volatile global market that was upended due to the novel coronavirus pandemic. In the year’s third quarter...

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 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 Plans Region’s First Spent Pot Lining Treatment Plant

Aluminium Bahrain B.S.C. announced yesterday its plans to establish the region’s first Spent Pot Lining (SPL) Treatment Plant. The project, which is the result of collaboration between Alba and Bahrain’s Supreme Council for Environment (SCE), is part of a bigger initiative driven by Shaikh Abdulla bin Hamad Al Khalifa to more properly manage the country’s […]

Alba Sees Sales Volumes Rise By 21 Percent In Q2

Aluminium Bahrain B.S.C. released financial results for the second quarter and first half of 2019 on Sunday. Alba turned in a weaker than hoped performance in both periods due to tepid prices at the LME. The second quarter saw Alba post a total comprehensive loss of BD3.3 million (US$8.8 million), a reversal on the year […]

Alba’s Line 6 Reaches Halfway Point In Start-Up Process

Aluminium Bahrain B.S.C. reached the halfway point on start-up at its new Line 6 after successfully bringing another 106 pots online last week, bringing the total number of operational pots to 212. Alba held an event on Tuesday to mark the occasion, which was attended by officials from both Alba and construction contractor Bechtel. “We […]