Alba looks forward to future growth opportunities

Aluminium Bahrain B.S.C. (Alba) continues to look forward and focus on future growth strategies, according to a statement issued by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa.

The statement was made following the second quarterly meeting for the year 2014 that was held on Wednesday, June 11, 2014 at the Alba Boardroom, Administration Building.

The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa added:
“Alba remains committed to accelerate our efforts on Project Titan to ensure we remain cost competitive. In addition I commend all employees for their efforts on Safety with Alba recently achieving 3 million hours without an LTI.”

A presentation on the progress of the Line 6 Bankable Feasibly Study was also given during the meeting.

The Board also studied the reports of the Executive Committee, Board Audit Committee, and the Nomination and Remuneration Committee.

Updates were also given to other items of the Management Report including Safety, overall financial performance and capital projects to improve plant reliability.

The Board has also agreed on the dates for the upcoming Committees as well as Board’s Meetings for 2014.

The Alba Board of Directors comprises six directors appointed by Bahrain Mumtalakat Holding Company, which in addition to the Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa; include Yousif Abdulla Taqi, Osama Mohammed Al Arrayedh, Fahad Nasser Al-Hazzani, Dr. Mohamed Kameshki and Tony Robinson (Anthony Lee Robinson). The two directors appointed by Sabic Industrial Investments Co (SIIC) are Mutlaq Hamad Al Morished, Fahad S. Al Sheaibi and the independent director, Abdul Aziz Al Humaid.

The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa expressed his thanks and appreciation to the Government of Bahrain, led by His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness the Prime Minister Prince Khalifa bin Salman Al Khalifa, and His Royal Highness the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, Prince Salman bin Hamad Al Khalifa.

Shaikh Daij also expressed his gratitude for the continuous support of the Kingdom of Saudi Arabia and the Custodian of the Two Holy Mosques King Abdullah bin Abdul-Aziz Al Saud.

The meeting was attended by Alba’s Senior Executive Management Team as well as other Company officials. The Board expressed their thanks to the Senior Executive Management Team, Managers, Alba employees and their representatives in the Alba Labour Union for their support to boost the Company's operations.

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