Alba holds Q3 2022 board meeting

TDT | Manama           

The Daily Tribune – www.newsofbahrain.com

Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, held its third quarterly Board of Directors’ meeting at the Al Dana Hall yesterday in the presence of Chairman, Shaikh Daij Bin Salman Bin Daij Al Khalifa. Shaikh Daij started the Board meeting with: “A thank you note on behalf of the Directors to Alba Executives, Management, employees, and contractors’ personnel for the exceptional Safety record with Alba setting a precedent in its Safety performance with more than 31 million safe working hours without LTI.” Adding further: “To further grow, we must do something beyond of what we have already mastered. With the first concrete pour at Power Station 5 Block 4, we advance closer to meet our ESG objectives.

The Chairman shared the latest developments on the proposed Line 7 Project. In addition, insights were given on the Company’s productivity and financial performance to-date as well as Sales with the global logistics’ challenges The board also reviewed the Company’s ESG developments to include the debut of Power Station 5 (PS5) Block 4’s construction Project, which will bring Alba one step closer in its race towards decarbonization in terms of higher efficiency and lower greenhouse gas (GHG) emissions.

The Board was apprised of the successful closure of the financing with Sinosure Export Credit Agency in relation to this Project. Alba Board of Directors comprises six directors appointed by Bahrain Mumtalakat Holding Company B.S.C. © – Yousif A. Taqi, Suha Karzoon, Shaikh Isa Bin Khalid Al Khalifa, Tim Murray and Rasha Sabkar. The three directors appointed by Sabic Industrial Investments Co. (SIIC) are Ahmed Alduriaan, Iyad Al-Garawi and Omar A. Al-Amoudi and one elected director, Mutlaq Hamad Al-Morished.