NBK Bahrain receives global award

Manama : NBK Bahrain was presented with IJGlobal magazine’s award for the best Mining and Metal deal in the Mena Region in 2016 for its participation and role in the success of ALBA Line 6 Expansion Project syndicated facility.

The prestigious award that acknowledges the bank’s outstanding contributions to the successful closing of the largest corporate loan in the history of Bahrain was presented to NBK-Bahrain General Manager Ali Al Fardan, during a grand award ceremony on March 21. 

On receiving the award, Al Fardan said: “We are extremely delighted that our efforts have been recognised by an independent agency like IJGlobal Award. The international award is a real testament to the role NBK-Bahrain plays in supporting major and strategic projects across the Kingdom benefiting from the support of NBK Group. It also reflects the growing role that NBK-Bahrain plays in the corporate banking segment.”  

He added that this award is one of the highest possible accolades in the world of infrastructure and project finance and is a reward for the hard work the team has shown in 2016, noting that NBK Bahrain is honoured to be the first branch across NBK Group to receive such a great recognition. 

He highlighted that the importance of this award also stems from being associated with Alba- Bahrain’s national aluminium producer.

“Line 6 Expansion Project will have a big impact on Bahrain’s economy. The project which is expected to start metal production in early 2019, will boost the per-annum production by 540,000 metric tonnes upon its full ramp-up, bringing Alba’s total production capacity to 1,500,000 metric tonnes per annum to make Alba the world’s largest single-site aluminium smelter.”