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- Foreign funds' substantial buying lift QSE 112 points as Iran-Israel tension eases
- UAE's ADQ to buy 35% stake in global seed producer Limagrain
- Tamkeen, Zoho launch new programme for Bahraini SMEs
- Saudi healthcare group SMC raises $500m in debut IPO
- Air Arabia to resume flights to Iran, Iraq, Georgia, Armenia as regional airspace reopens
- Bahrain All Share Index closes higher
- Commercial Bank organises contractors financing workshop
- Borouge to set up petchem sector's first AI control room
- Mashreq expands global reach with new office in Turkiye
- Kuwait crude oil drops to $69.98 per barrel
26/02/2018 05:38 AST
Aluminium Bahrain (Alba), owner of one of the world's largest aluminium smelters, will raise by the end of this year's first quarter the final debt amount needed to fund its Line 6 expansion project, a company official said. With Line 6, Alba will become the world's largest single aluminium smelter complex, increasing production capacity by 540,000 metric tonnes to a total capacity of 1.5 million tonnes per year, the company says.
The project involves capital expenditure of around $3 billion (Dh11 billion). Of this amount, $1.5 billion was funded through a syndicated loan raised in 2016, $400 million was funded internally, and $700 million was borrowed last year through loans guaranteed by export credit agencies.
Gulf News
16/06/2025
Aluminium Bahrain (Alba), the world's largest smelter on one site, has announced the successful migration to RISE with SAP Private Cloud Edition (PCE).
This strategic move provides Alba wit
Trade Arabia
15/05/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has reported a profit of BD18.1 million ($48.2 million) for the first quarter of 2025, a drop of 25.9% year-over-year (YoY
Trade Arabia
28/04/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has cemented its position as a regional leader in industrial innovation by becoming the first aluminium smelter in the Mid
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 50.70 | 0.10 (0.19 |
| SABIC | 54.50 | -0.30 (-0.55 |
| SABICAGRINUTRIENTS | 103.20 | -1.00 (-0.96 |
| LIMEINDUSTRIES | 12.24 | -0.32 (-2.55 |
| APICO | 37.90 | -1.90 (-4.78 |
26/06/2025
Specialized Medical Company (SMC), one of Saudi Arabia's leading healthcare providers, made its trading debut on the Saudi Exchange following a successful initial public offering (IPO) that raised SA
Trade Arabia
26/06/2025
Sharjah-headquartered budget carrier Air Arabia has announced the resumption of flights from its hub to various destinations across Iran, Iraq, Georgia, and other key cities, effective Tuesday, July
Gulfnews
26/06/2025
Commercial Bank, a leader in digital innovative solutions, recently held a joint workshop with Qatar Development Bank (QDB) represented by 'Qatar Exports', titled 'Contract Financing Workshop' to sho
The Peninsula
26/06/2025
Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, is collaborating with Honeywell to conduct a proof of concept for AI-powered autonomous op
Trade Arabia
26/06/2025
Mashreq, one of the leading financial institutions in the MENA region, has announced the opening of its representative office in Turkiye, reinforcing its long-standing commitment to supporting Turkis
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia