Aluminium Bahrain BSC (ALBH)

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News

11 November 2024 04:09 PM Alba aims to become among world’s largest aluminium smelters – CEO Al Baqali in Interview

By: Ahmed El-Shamsy Mubasher: Ali Al Baqali, the CEO of the listed Aluminium Bahrain (Alba), told Mubasher in an Interview he hopes the company becomes one of the biggest aluminium smelters and producers in the world, noting that Alba’s ambition …

Global Economy

4 November 2024 01:18 PM Alba’s Chairman lauds Saudi capabilities in manufacturing, gives remarks at Gateway Gulf

By: Ahmed El-Shamsy Mubasher: Khalid Al Rumaihi, Chairman of Aluminium Bahrain (Alba), highlighted that Saudi Arabia’s resources are enormous, especially in gold and copper. On the slides of the Gateway Gulf Investment Forum 2024, which is being …

Companies Investments

3 November 2024 06:41 PM Alba, Daiki Aluminium unveils JV for sustainable aluminium dross at Gateway Gulf

Mubasher: Aluminium Bahrain (Alba) and Daiki Aluminium Industry Company have jointly reaffirmed their strategic partnership at the Gateway Gulf Forum which launched on 3 November 2024 by announcing their intention to form a joint venture (JV) …

Global Economy

30 October 2024 02:39 PM Gateway Gulf forum set to attract ministers, global executives in Bahrain this November

Mubasher: The second edition of the Gateway Gulf Investment Forum is launching at the Four Seasons Hotel Bahrain Bay on 3-4 November 2024, hosted by the Bahrain Economic Development Board (Bahrain EDB). The two-day event will kick off with the …

Ministries

13 February 2020 05:53 PM Alba profits down 91% in 2019

Mubasher: Aluminium Bahrain (Alba) reported a 91% decline in annual profits last year to BHD 5.37 million, compared with BHD 59.75 million for 2018. The board of directors has recommended the distribution of cash dividends to shareholders, which …

Financial Results

29 December 2019 00:36 PM EGA completes 1st UAE project to export industrial technology

UAE – Mubasher: Emirates Global Aluminium (EGA), a major Emirati industrial company, has completed the country’s first historic industrial technology project to export UAE-developed industrial technology. Through its deal with Aluminium …

Company News

20 November 2019 02:37 PM SABB, HSBC introduce blockchain to KSA, Bahrain

Riyadh – Mubasher: Saudi British Bank (SABB) and HSBC Bahrain have used blockchain technology to finance international trade, for the first time in Saudi Arabia and Bahrain. “The move puts Saudi Arabia and Bahrain at the forefront of global trade, …

Trade

15 October 2019 11:10 AM Alba’s acting CEO: “we are set for a strong finish to 2019”

Mubasher: Aluminium Bahrain (Alba) has recorded a growth of 51% year-on-year (YoY) in its sales’ volume of 376,025 metric tonnes (mt) during the third quarter of 2019, versus 248,970 mt over the corresponding period last year. Meanwhile, …

Financial Results

30 October 2018 05:51 PM Alba expansion project achieves 1st Milestone

Mubasher: Aluminium Bahrain (Alba) has conducted the First Fire of the First H-class General Electric (GE) 9HA Gas Turbine (GT) GE Unit 1 at Power Station 5 (PS 5) on Tuesday, 30 October 2018. The First Fire of the GT is considered a significant …

Companies Investments

30 October 2018 02:46 PM Alba inks expansion deal with Italy's Fluorsid

Mubasher: Aluminium Bahrain (Alba) has secured a long-term agreement with the Italian flurochemical company Fluorsid to supply smelter-grade aluminium fluoride, according to a recent statement. This deal comes as part of Alba’s Line 6 Expansion …

Companies Investments

16 October 2017 05:08 PM Alba Q3 profits surge backs Bahraini firms’ financials – SICO

Mubasher: The profits registered by the Bahraini companies are expected to increase by 21%, on an annual basis, during the third quarter of 2017, according to a recent report issued by the Securities & Investment Company (SICO). The report …

Financial Results

23 April 2017 02:05 PM Alba Q1 profits jump 505%

Mubasher: Alba achieved a leap of 505.2% in profits during the first quarter of 2017, compared to the same period of 2016. The net earning entitled to the shareholders surged to BHD 25.6 million in Q1-17 ($67.42 million) from BHD 4.23 million …

Financial Results

16 April 2017 06:50 PM Alba secures $700m finance facilities

Mubasher: Aluminium Bahrain (Alba) announced on Sunday that it has secured commitments of around $700 million from Export Credit Agency (ECA) supported facilities to finance Line 6 Expansion Project. The finance facilities are made-up of a dual …

Companies Investments

13 April 2017 11:39 AM Alba expects production loss of 3-5%

Mubasher: Alba has expected a loss ranging from 3% to 5% of its overall production for fiscal year 2017, as a result of the recent power outage. On Wednesday, 5 April 2017, the company experienced a power station outage that led to a temporary …

Companies Investments

5 April 2017 04:57 PM Alba sales, production rise in Q1-17

Mubasher: Aluminium Bahrain (Alba) reported on Wednesday a sales growth of 4.9% during the first quarter of 2017, compared to the same quarter of the previous year, according to a bourse filling. Sales reached 242,930 metric tonnes in Q1-17, …

Financial Results

21 March 2017 01:31 PM Alba shareholders nod to FY16 dividends

Mubasher: The ordinary general meeting (OGM) of Alba approved the board’s recommendation of distributing a cash dividend of 21% for fiscal year 2016, according to a bourse filing issued on Tuesday. As of 2 April, Alba will pay 21 fils per share to …

General Assembly

27 January 2017 02:04 PM Alba, Inovest to discuss Q4 statements on 9, 12 February

Mubasher: Aluminium Bahrain (Alba) announced that its board will meet on 9 February instead of 15 February. The board will discuss the financial statements of the period ended on 31 December, 2016, according to a bourse filing. The company posted …

Board of Directors

22 January 2017 02:31 PM Alba launches second phase of Project Titan

Aluminium Bahrain (Alba) announced on Sunday the launch of Phase II of its company-wide, cost reduction programme Project Titan, according to a bourse filing. The project aims at reducing cash cost by $100 per metric tonne of aluminium and step-up …

Companies Investments

17 January 2017 02:26 PM Alba awards GE contract of power station 5

Mubasher: Aluminium Bahrain (Alba) said it announced in August 2016 that it has awarded GE and Gama Construction, the engineering, procurement and construction (EPC) contract for its power station 5. Under the agreement, GE and Gama Construction …

Companies Investments

16 January 2017 02:22 PM Alba to complete ECA financing for Line 6 project in Q1-17

Mubasher: Aluminum Bahrain (Alba) officially announced in the third quarter’s financial results its aim to complete the Export Credit Agency (ECA) financing for Line 6 expansion project. The company noted that it is planning to finalise Line 6 ECA …

Companies Investments

10 January 2017 04:16 PM Alba sales rise 2.3% in 2016

Mubasher: Aluminium Bahrain (Alba) said on Tuesday that its sales volume increased by 2.3% year-on-year in 2016, according to the company’s statement. Sales reached 974,014 metric tonnes, compared to 951,944 metric tonnes (mt) in 2015, the …

Companies Investments

8 January 2017 02:24 PM Alba y/y output higher 1.1% in 2016

Mubasher: Aluminum Bahrain (Alba) revealed that its annual output rose 1.1% year-on-year in 2016 to 971,400 metric tons from 960,600 metric tons, according to a bourse filing on Sunday. Chief Executive Officer, Tim Murray said, “We are proud to be …

Companies Investments

13 November 2016 04:41 PM Alba profits climb 65% in Q3

Mubasher: Aluminum Bahrain (Alba) reported an increase of 65% y-o-y to BHD 14.3 million ($38.1 million) in net profits for the third quarter of 2016. The company reported net profits of BHD 8.7 million ($23 million) for the same period of the …

Financial Results

6 November 2016 05:42 PM Alba launches project to upgrade Reduction Lines 4 and 5

Mubasher: Aluminium Bahrain Company (Alba) inaugurated Reduction Lines 4 and 5 Aluminium Bahrain in September, as part of its commitment to be cost-and-energy efficient. The Project included the redesign and installation of new pot lining that …

Companies Investments

28 October 2016 02:14 PM Bahrain Bourse down 0.32% in week

Mubasher: The Bahrain Bourse's performance retreated during the week, on the back of the commercial bank and service sectors. The main index shed 0.32% or 3.69 points, to close at the level of 1,148.16 points this week. The banks sector dominated …

Trading Activities