Latest news with #KhalidAlRumaihi
Zawya
15-07-2025
- Business
- Zawya
Alba appoints Sohaila Rahman as Chief Legal and Governance Officer
Aluminium Bahrain B.S.C. (Alba), the world's largest smelter on one site, announced the appointment of Sohaila Rahman as its new Chief Legal and Governance Officer effective 20 July 2025. Sohaila Rahman is a UK-qualified lawyer with over twenty years of experience. Her professional background includes significant roles in private practice and in-house legal departments across the UK, UAE, and Bahrain. She has advised financial institutions, real estate developers, and multinational companies on a wide range of legal matters, including M&A transactions, corporate governance, and real estate development. Sohaila has held senior positions at Al Tamimi & Company, The Bahrain Petroleum Company, Eagle Hills Diyar Company, KBH Kaanuun, Baker & McKenzie, Clifford Chance LLP, and Freshfields Bruckhaus Deringer. 'We are delighted to welcome Sohaila to the Alba family,' said Khalid Al Rumaihi, Chairman of Alba's Board of Directors. 'Her deep understanding of the legal frameworks and strong advisory capabilities in diverse sectors will strengthen Alba's legal and governance functions, ensuring Alba's continued commitment to best practices.' Ali Al Baqali, Alba's Chief Executive Officer, added, 'Sohaila's appointment is a testament to Alba's commitment to attracting top-tier talent to our C-suite. Her leadership will bring invaluable perspectives, strengthening our collective ability to achieve our strategic objectives and drive Alba forward.' Expressing her enthusiasm for the new role, Sohaila Rahman stated: 'I am honoured to join the Alba Executive team and contribute to the Company's ongoing success. I look forward to leveraging my legal and governance expertise to support Alba's ambitious vision and further strengthen its position as a global industry leader.' Sohaila Rahman holds a 2:1 LLB Law degree from the University of Reading, UK, and completed her Legal Practice Course at the Oxford Institute of Legal Practice. She is an exclusive contributor to LexisNexis Middle East on Employment Law in Bahrain and was a winner of the Author Award in 2019. About Aluminium Bahrain B.S.C. (Alba) [Ticker: ALBH] A Global Aluminium Leader: At plus-1.62 million metric tonnes per annum (mtpa) (2024), Alba is a world-leading aluminium smelter with a proud 50-year legacy in operational excellence, safety, environmental responsibility, and community development. Trusted Partner: A cornerstone of the Bahrain's economy, Alba produces high-quality aluminium, including standard and value-added products, which are exported to over 280 customers globally. With sales' offices in Europe (Zurich), Asia (Singapore), and a subsidiary in the U.S., Alba is a reliable partner on the world stage. Alba is dually listed on Bahrain Bourse and London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), Saudi Arabian Mining Company (Ma'aden) (20.62%) and General Public (10%). Alba prioritises the highest quality standards, reflected in its certifications: ISO 9001 (quality), ISO 14001 (environment), ISO 27001 (information security), ISO 45001 (occupational health and safety), and ISO 18788 (security operations management). Additionally, Alba demonstrates its commitment to responsible manufacturing through certifications like IATF 16949 (automotive quality), ISO 22301 (business continuity management), ASI Performance and Chain of Custody Standards, and a top 1% Platinum sustainability rating from EcoVadis. Pioneering Sustainability: As the first aluminium smelter in the Middle East, Alba is central to Bahrain's thriving downstream aluminium sector, contributing significantly to the Kingdom's GDP. Committed to social responsibility, Alba employs a workforce that is 87% Bahrainis (2024) and invests heavily in employee training and development. Alba also plays a crucial role in the Aluminium Downstream Park, therefore increasing the contribution of non-oil sectors to the GDP of Bahrain. Alba has been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas and Best Corporate Governance Award by Ethical Boardroom. Recognised for its environmental practices, social contributions, and corporate governance, Alba launched a comprehensive ESG Roadmap in 2022 focusing on 6 priority areas: (1) Decarbonisation, (2) Green Energy & Aluminium, (3) Circular Economy & Secondary Aluminium, (4) Employee Welfare, (5) Collaboration & Partnership and (6) Transparency, Communications & Due Diligence. Since its inception, Alba has invested into numerous environment, sustainable and socio-economic development projects that have had a positive impact on the society. Alba's first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant, Power Station 5 Block 4 Project, and the upcoming +6 MW Solar Farm Project are tangible initiatives aligned with Bahrain's Net Zero Carbon Targets by 2060 led by HRH the Crown Prince and Prime Minister of Bahrain. Specifically, Alba's PS5 Block 4 is a new 680.9-megawatt (MW) combined-cycle power plant that expands the existing PS5 facility. Block 4 has increased the nameplate capacity of PS5 Complex from 1,800 MW to 2,481 MW and is reducing the Company's overall GHG emissions intensity ratio by 0.5 tonnes of CO2 per 1 tonne of aluminium produced. In a significant step towards its ESG goals, particularly its commitment to a circular economy and secondary aluminium, Alba introduced EternAlTM, its new line of low-carbon aluminium products. Launched in June 2025, EternAl offers two product series with multiple variations to meet diverse customer needs: one featuring recycled content, and the other integrating verified in-house carbon offsets. Safety First, Always: Guided by the motto "Safety First, Safety Always," Alba prioritises the well-being of its employees and contractors. The Company achieved a record-breaking 37 million safe working hours without a lost-time injury in June 2025. The Company has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA's Lifetime President and President Awards (10+ Gold Medal Awards), the British Safety Council's International Safety Award with Merit along with 4-Star Audit Rating, as well as numerous awards from the National Safety Council (NSC). Alba Stakeholder Engagement Plan Alba prioritises open communication with all its stakeholders, including the community, environmental and social groups. Through its Stakeholder Engagement Plan, the Company proactively addresses environmental and social impacts of its operations, outlining clear mitigation controls. Alba also maintains an external Grievance Mechanism accessible through the Code of Conduct, allowing stakeholders and the public to voice concerns and raise issues. Alba's External Grievance Mechanism Alba prioritises ethical conduct and environmental responsibility. Stakeholders, employees, contractors, and the community can confidentially report any potential breaches of Alba's Code of Conduct or raise concerns about environmental and social impacts through the Alba Integrity Line. This independent, multilingual hotline operates 24/7 and is accessible via a toll-free phone number, the company intranet, or the website at
Daily Tribune
14-05-2025
- Business
- Daily Tribune
Aluminium Bahrain announces Q1 profit
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has reported a Profit of BD18.1 million (US$48.2 m) for the first quarter of 2025, a drop of 25.9% Year-over-Year (YoY), versus a Profit of BD24.5 m (US$65 m) for the same period in 2024. Earnings Per Share was fils 13 for Q1 2025 compared to fils 17 for the same period in 2024. Total Comprehensive Income stood at B D1 6 . 8 m (US$44.7 m) versus BD27.7 m (US$73.6 m) for the same period in 2024 – a drop of 39.4% YoY. Gross Profit was BD50.8 m (US$135.1 m) versus BD 57.3 m (US$152.3 m) for the same period in 2024 - down by 11.3% YoY. With regards to the Revenue from contracts with customers, Alba generated BD408.9 m (US$1,087.6 m) versus BD334.6 m (US$889.8 m) in Q1 2024 – up by 22.2% YoY. Total Equity as of 31 March 2025 stood at BD1,902.7 m (US$5,060.4 m), down by 1.1%, versus BD1,923.9 m (US$5,116.9 m), as of 31 December 2024. Alba's Total Assets as of 31 March 2025 were BD2,706.9 m (US$7,199.2 m) versus BD2,673.4 m (US$7,110 m) as of 31 December 2024 – up by 1.25%. Higher LME Price (+20% YoY) and higher premiums (+38% YoY) drove strong topline performance, increased production costs significantly compressed EBITDA resulting in lower bottom-line. Commenting on the Company's performance for the first quarter of 2025, the Chairman of Alba's Board of Directors, Khalid Al Rumaihi stated: 'Alba's Q1 2025 results underscore the fundamental strength and operational efficiency of our business. While our reported Profit reflects the significant impact of higher alumina prices, it's important to recognise that had these prices remained at previous levels, Alba would have undoubtedly achieved an unparalleled financial performance, demonstrating our inherent earnings potential.' Alba's Chief Executive Officer, Ali Al Baqali, added: 'Despite the prevailing global geopolitical tensions, Q1 2025 was a landmark period for Alba marked by many firsts: we recorded the highest sales volume, achieved a record Value Added Sales percentage and most importantly, delivered our best safety performance ever in the Company's history. These firsts are a direct result of the commitment and operational excellence exhibited by the entire Alba team.' Alba Management will hold a conference call today at 4PM Bahrain Time to discuss the Company's financial and operational performance for Q1 2025 and outline its strategic priorities moving forward.
Zawya
13-03-2025
- Business
- Zawya
Alba holds its Annual and Extraordinary General Meetings for 2025
Manama, Bahrain – Aluminium Bahrain B.S.C. (Alba), the world's largest smelter on one site, held its 15th Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on 12 March 2025 at Al Manama Ballroom at the Four Seasons Hotel, Bahrain Bay. The meeting was led by the Chairman of the Board Khalid Al Rumaihi with attendance from the Board members, Company's Executive Management, Alba shareholders, and representatives from regulatory bodies. During the AGM meeting, the shareholders approved the appointment of Mrs. Rasha Sabkar as an expert Board member; in addition to ratifying the appointment of Mr. Khaled Rowais and Mr. Ahmed Al Shaikh as Board members. Moreover, minutes of the previous Annual General Meeting held on 07 March 2024 were reviewed and approved. The meeting also discussed and approved the Report of the Board of Directors for the Company's business/activities along with the Financial Statements for the year ended 31 December 2024. Approvals were given to the distribution of cash dividends to shareholders at Fils 45.17 per share or 45.17 % of the paid-up capital (inclusive of the interim dividend of Fils 18.59 per share which was already distributed to shareholders on 11 September 2024), which is BD63,948,538 for the year ended 31 December 2024, and the transfer of BD120,593,462 to the Retained Earnings. The discussion also covered the Corporate Governance Report for 2024, and the meeting approved the re-appointment of Ernst & Young as the Company's external auditors for the fiscal year 2025. On this occasion, the Chairman of Alba's Board of Directors, Khalid Al Rumaihi, said: 'Despite market headwinds, 2024 saw Alba achieve record-breaking performance highlighted by a remarkable profit increase and industry-leading safety performance. This success is a direct result of the collective leadership of our Board and the exceptional dedication of our Executive team. Together, we have navigated complexity and delivered outstanding results. I'm also confident that our clear vision, robust strategy, and dedication of our nationals, will continue to deliver exceptional long-term value and cement our industry leadership.' During the Extraordinary General Meeting, the minutes of the previous meeting held on 07 March 2024 were reviewed and approved. Approvals were also given to the amendment and restatement of the Memorandum and Articles of Association (Article no. 7) by removing Sabic Industrial Investments Company (Commercial Registration No. 10101812081) and adding Saudi Arabia Mining Company (Ma'aden) (Commercial Registration No. 1010164391) subject to the approval of regulatory authorities.
Biz Bahrain
24-02-2025
- Business
- Biz Bahrain
Alba announces Ma'aden as a major shareholder
Aluminium Bahrain B.S.C. (Alba), the world's largest smelter on one site, announces that Saudi Arabian Mining Company (Ma'aden) as its new strategic shareholder following the acquisition of SABIC's 20.62% stake in Alba. The billion transaction marks a transformative moment for Alba and reinforces its position as a global leader in the aluminium industry. Welcoming Ma'aden to Alba's shareholder base, Alba's Chairman of the Board, Khalid Al Rumaihi, stated: 'We are pleased to welcome Ma'aden as a strategic shareholder in Alba. This landmark transaction underscores Alba's operational excellence and growth potential. Together with Ma'aden, we will unlock synergies that strengthen our competitive edge globally while advancing our shared commitment to sustainability and innovation. This partnership also deepens the strong economic ties between Bahrain and Saudi Arabia as we embark on an exciting chapter of collaboration and growth.' With this acquisition, Alba's major shareholders now comprise Bahrain Mumtalakat Holding Company and Ma'aden, together reinforcing the Company's strong foundation for future growth. -Ends- About Aluminium Bahrain B.S.C. (Alba) [Ticker: ALBH] A Global Aluminium Leader: At plus-1.62 million metric tonnes per annum (mtpa) (2023), Alba is a world-leading aluminium smelter with a proud 50-year legacy in operational excellence, safety, environmental responsibility, and community development. Trusted Partner: A cornerstone of the Bahrain's economy, Alba produces high-quality aluminium, including standard and value-added products, which are exported to over 270 customers globally. With sales' offices in Europe (Zurich), Asia (Singapore), and a subsidiary in the U.S., Alba is a reliable partner on the world stage. Alba is dually listed on Bahrain Bourse and London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), SABIC Industrial Investments Company (SIIC) (20.62%) and General Public (10%). Alba prioritizes the highest quality standards, reflected in its certifications: ISO 9001 (quality), ISO 14001 (environment), ISO 27001 (information security), ISO 45001 (occupational health and safety), and ISO 18788 (security operations management). Additionally, Alba demonstrates its commitment to responsible manufacturing through certifications like IATF 16949 (automotive quality), ISO 22301 (business continuity), and ASI Performance and Chain of Custody Standards. This dedication is further underscored by their top 1% Ecovadis Platinum rating for sustainability. Pioneering Sustainability: As the first aluminium smelter in the Middle East, Alba is central to Bahrain's thriving downstream aluminium sector, contributing significantly to the Kingdom's GDP. Committed to social responsibility, Alba employs a workforce that is 86% Bahrainis (2023) and invests heavily in employee training and development. Alba also plays a crucial role in the Aluminium Downstream Park, therefore increasing the contribution of non-oil sectors to the GDP of Bahrain. Alba has been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas and Best Corporate Governance Award by Ethical Boardroom. Recognised for its environmental practices, social contributions, and corporate governance, Alba launched a comprehensive ESG Roadmap in 2022 focusing on 6 priority areas: (1) Decarbonisation, (2) Green Energy & Aluminium, (3) Circular Economy & Secondary Aluminium, (4) Employee Welfare, (5) Collaboration & Partnership and (6) Transparency, Communications & Due Diligence. Since its inception, Alba has invested into numerous environment, sustainable and socio-economic development projects that have had a positive impact on the society. Alba's first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant, the upcoming +6 MW Solar Farm Project and the Power Station 5 Block 4 Project are tangible initiatives aligned with Bahrain's Net Zero Carbon Targets by 2060 led by HRH the Crown Prince and Prime Minister of Bahrain. In a significant step towards its ESG goals, particularly its commitment to a circular economy and secondary aluminium, Alba introduced EternAl, its new line of low-carbon aluminium products. Launched in May 2024, EternAl offers two initial variants: EternAl-30 and EternAl-15, containing 30% and 15% recycled content respectively. Safety First, Always: Guided by the motto 'Safety First, Safety Always,' Alba prioritises the well-being of its employees and contractors. The Company achieved a record-breaking 30 million safe working hours without a lost-time injury in September 2022. The Company has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA President's Award for winning RoSPA Gold Medal Award 10 years in a row, the British Safety Council's International Safety Award with Merit along with 4-Star Audit Rating, as well as numerous awards from the National Safety Council (NSC). Alba Power Station 5 (PS5) Block 4 Expansion Project Alba's PS5 Block 4 is a new 680.9-megawatt (MW) combined-cycle power plant that expands the existing PS5 facility. This state-of-the-art J-class gas turbine addition boasts superior efficiency compared to Power Stations 3 & 4. Scheduled for completion in Q4 2024, Block 4 will boost PS5's total capacity to 2,481 MW, while reducing greenhouse gas emissions by 0.5 tonnes of CO2 per tonne of aluminium produced. A consortium of Mitsubishi Power and SEPCOIII is responsible for the entire project lifecycle, from design and engineering to construction and commissioning. Alba has achieved in April 2024 the first fire of the state-of-the-art GT for Block 4 Project. Alba Stakeholder Engagement Plan Alba prioritises open communication with all its stakeholders, including the community, environmental and social groups. Through its Stakeholder Engagement Plan, the Company proactively addresses environmental and social impacts of its operations, outlining clear mitigation controls. Alba also maintains an external Grievance Mechanism accessible through the Code of Conduct, allowing stakeholders and the public to voice concerns and raise issues. Alba's External Grievance Mechanism Alba prioritises ethical conduct and environmental responsibility. Stakeholders, employees, contractors, and the community can confidentially report any potential breaches of Alba's Code of Conduct or raise concerns about environmental and social impacts through the Alba Integrity Line. This independent, multilingual hotline operates 24/7 and is accessible via a toll-free phone number, the company intranet, or the website at
Zawya
23-02-2025
- Business
- Zawya
Alba announces Ma'aden as a major shareholder
Manama, Bahrain – Aluminium Bahrain B.S.C. (Alba), the world's largest smelter on one site, announces that Saudi Arabian Mining Company (Ma'aden) as its new strategic shareholder following the acquisition of SABIC's 20.62% stake in Alba. The billion transaction marks a transformative moment for Alba and reinforces its position as a global leader in the aluminium industry. Welcoming Ma'aden to Alba's shareholder base, Alba's Chairman of the Board, Khalid Al Rumaihi, stated: 'We are pleased to welcome Ma'aden as a strategic shareholder in Alba. This landmark transaction underscores Alba's operational excellence and growth potential. Together with Ma'aden, we will unlock synergies that strengthen our competitive edge globally while advancing our shared commitment to sustainability and innovation. This partnership also deepens the strong economic ties between Bahrain and Saudi Arabia as we embark on an exciting chapter of collaboration and growth.' With this acquisition, Alba's major shareholders now comprise Bahrain Mumtalakat Holding Company and Ma'aden, together reinforcing the Company's strong foundation for future growth. -Ends- About Aluminium Bahrain B.S.C. (Alba) [Ticker: ALBH] A Global Aluminium Leader: At plus-1.62 million metric tonnes per annum (mtpa) (2023), Alba is a world-leading aluminium smelter with a proud 50-year legacy in operational excellence, safety, environmental responsibility, and community development. Trusted Partner: A cornerstone of the Bahrain's economy, Alba produces high-quality aluminium, including standard and value-added products, which are exported to over 270 customers globally. With sales' offices in Europe (Zurich), Asia (Singapore), and a subsidiary in the U.S., Alba is a reliable partner on the world stage. Alba is dually listed on Bahrain Bourse and London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), SABIC Industrial Investments Company (SIIC) (20.62%) and General Public (10%). Alba prioritizes the highest quality standards, reflected in its certifications: ISO 9001 (quality), ISO 14001 (environment), ISO 27001 (information security), ISO 45001 (occupational health and safety), and ISO 18788 (security operations management). Additionally, Alba demonstrates its commitment to responsible manufacturing through certifications like IATF 16949 (automotive quality), ISO 22301 (business continuity), and ASI Performance and Chain of Custody Standards. This dedication is further underscored by their top 1% Ecovadis Platinum rating for sustainability. Pioneering Sustainability: As the first aluminium smelter in the Middle East, Alba is central to Bahrain's thriving downstream aluminium sector, contributing significantly to the Kingdom's GDP. Committed to social responsibility, Alba employs a workforce that is 86% Bahrainis (2023) and invests heavily in employee training and development. Alba also plays a crucial role in the Aluminium Downstream Park, therefore increasing the contribution of non-oil sectors to the GDP of Bahrain. Alba has been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas and Best Corporate Governance Award by Ethical Boardroom. Recognised for its environmental practices, social contributions, and corporate governance, Alba launched a comprehensive ESG Roadmap in 2022 focusing on 6 priority areas: (1) Decarbonisation, (2) Green Energy & Aluminium, (3) Circular Economy & Secondary Aluminium, (4) Employee Welfare, (5) Collaboration & Partnership and (6) Transparency, Communications & Due Diligence. Since its inception, Alba has invested into numerous environment, sustainable and socio-economic development projects that have had a positive impact on the society. Alba's first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant, the upcoming +6 MW Solar Farm Project and the Power Station 5 Block 4 Project are tangible initiatives aligned with Bahrain's Net Zero Carbon Targets by 2060 led by HRH the Crown Prince and Prime Minister of Bahrain. In a significant step towards its ESG goals, particularly its commitment to a circular economy and secondary aluminium, Alba introduced EternAl, its new line of low-carbon aluminium products. Launched in May 2024, EternAl offers two initial variants: EternAl-30 and EternAl-15, containing 30% and 15% recycled content respectively. Safety First, Always: Guided by the motto "Safety First, Safety Always," Alba prioritises the well-being of its employees and contractors. The Company achieved a record-breaking 30 million safe working hours without a lost-time injury in September 2022. The Company has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA President's Award for winning RoSPA Gold Medal Award 10 years in a row, the British Safety Council's International Safety Award with Merit along with 4-Star Audit Rating, as well as numerous awards from the National Safety Council (NSC). Alba Power Station 5 (PS5) Block 4 Expansion Project Alba's PS5 Block 4 is a new 680.9-megawatt (MW) combined-cycle power plant that expands the existing PS5 facility. This state-of-the-art J-class gas turbine addition boasts superior efficiency compared to Power Stations 3 & 4. Scheduled for completion in Q4 2024, Block 4 will boost PS5's total capacity to 2,481 MW, while reducing greenhouse gas emissions by 0.5 tonnes of CO2 per tonne of aluminium produced. A consortium of Mitsubishi Power and SEPCOIII is responsible for the entire project lifecycle, from design and engineering to construction and commissioning. Alba has achieved in April 2024 the first fire of the state-of-the-art GT for Block 4 Project. Alba Stakeholder Engagement Plan Alba prioritises open communication with all its stakeholders, including the community, environmental and social groups. Through its Stakeholder Engagement Plan, the Company proactively addresses environmental and social impacts of its operations, outlining clear mitigation controls. Alba also maintains an external Grievance Mechanism accessible through the Code of Conduct, allowing stakeholders and the public to voice concerns and raise issues. Alba's External Grievance Mechanism Alba prioritises ethical conduct and environmental responsibility. Stakeholders, employees, contractors, and the community can confidentially report any potential breaches of Alba's Code of Conduct or raise concerns about environmental and social impacts through the Alba Integrity Line. This independent, multilingual hotline operates 24/7 and is accessible via a toll-free phone number, the company intranet, or the website at For further details, please contact: Eline Hilal Director, Investor Relations, Insurance & Corporate Secretary Investor Relations Department E-mail: Website: Follow us on: |
