Alba Line 6 Expansion Project On Target

28/09/2017 14:18 AST

Aluminum Bahrain B.S.C. (Alba), the Bahrain-based international aluminum smelter, is taking solid steps in building its present with Line 6 Expansion Project and creating its future with the pouring of its First Hot Metal (FHM) by January 01, 2019 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 third quarterly meeting for this year, which was held on Wednesday, September 27, 2017 at Alba. Adding further, Shaikh Daij said: “We are pleased with the speedy recovery of Reduction Line 5 and we look forward to have a strong finish for 2017. We also look forward to secure the second tranche of the Export Credit Agency (ECAs) by the end of 2017.”

During the meeting, the Board approved the minutes of the previous meeting, which was held on May 25, 2017, the half-yearly financial statements as well as 2018 Marketing Plan.

Furthermore, the Board reviewed the reports of the Executive Committee, Board Audit Committee and the Nomination and Remuneration Committee while updates were also given on Line 5 full recovery, Safety, Financial Performance to-date, Line 6 Expansion Project, Project Titan - Phase II as well as overall Industry Market trends.

The Board, also, approved the appointments of Ali Al Baqali as the Deputy Chief Executive Officer and Chief Supply Chain Officer as well as Waleed Tamimi as the Chief Administration Officer. In addition to the Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Alba Board of Directors comprises six directors appointed by Bahrain Mumtalakat Holding Company – Mr. Yousif Abdulla Taqi, Mr. Osama Mohammed Al Arrayedh, Mr. Yaser E. Humaidan, Dr. Mohamed Kameshki and Mrs. Suha Karzoon.

The two directors appointed by Sabic Industrial Investments Co (SIIC) are Mr. Ahmed Mohammad A. Al Jabr and Mr. Ali Al Shamrani and two independent directors, Mr. Uwaidh Al Harethi and Mr. Mutlaq Al-Morished.

Press Release