Alba Scoops Two Major Investor Relations Awards for 2023 by MEIRA
Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, has scooped two major awards -- Leading Corporate for Investor Relations (IR) in Bahrain as well as Best Investor Relations Professional – Bahrain, at the 2023 Middle East Investor Relations Association (MEIRA) Annual Conference and Awards, which was held on 13 November 2023 at the Four Seasons Hotel – Bahrain Bay.
Alba Reports its Financial Results for the Third Quarter and 9 Months of 2023
Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), one of the world’s largest aluminium smelters, has reported a Profit of BD17.3 million (US$46 million) for the third quarter of 2023, down by 64% Year-over-Year (YoY), versus a Profit of BD48 million (US$127.6 million) for the same period in 2022. The Company reported Basic and Diluted Earnings per Share of fils 12 for Q3 2023 versus Basic and Diluted Earnings per Share of fils 34 for the same period in 2022. The Total Comprehensive Income for Q3 2023 stood at BD20.7 million (US$55.2 million) versus Total Comprehensive Income for the third quarter of 2022 of BD58.2 million (US$154.8 million) – down by 64% YoY. Gross Profit for Q3 2023 was BD48.6 million (US$129.3 million) versus BD79 million (US$210.2 million) for the same period in 2022 – down by 38% YoY. With regards to the Revenue from contracts with customers in Q3 2023, Alba generated BD400 million (US$1,063.8 million) versus BD403.2 million (US$1,072.4 million) in Q3 2022 - down by 0.8% YoY.
Alba marks important milestone in PS5 Block 4 Project with the arrival of Mitsubishi Power M701JAC Gas Turbine
Aluminium Bahrain B.S.C (Alba), one of the world’s largest aluminium smelters, marked a new milestone in its Power Station 5 (PS5) Block 4 Project with the arrival of Mitsubishi Power’s M701JAC Gas Turbine (GT) on 16 October 2023.
Alba marks 7th consecutive year of zero heat-related illnesses and injuries
Aluminium Bahrain B.S.C (Alba), one of the world’s largest aluminium smelters, marked 2023 as the 7th consecutive year of zero heat-related illnesses and injuries across its operations, a remarkable achievement in the aluminium industry.
Alba marks Breast Cancer Awareness Month with a campaign targeting employees and their families
In line with its commitment towards the health and well-being of its employees, and in conjunction with Breast Cancer Awareness Month, Aluminium Bahrain B.S.C. (Alba) kicked-off a month-long campaign to increase the awareness on the disease causes, diagnosis, and prevention through early detection.
Alba holds its Board Meeting for Third Quarter of 2023
Aluminium Bahrain B.S.C (Alba), one of the world’s largest aluminium smelters, held its third quarterly Board of Directors’ meeting virtually on 28 September 2023.
Alba CEO key panelist at the 37th Fastmarkets International Aluminium Conference 2023
Aluminium Bahrain B.S.C. (Alba)’s CEO Ali Al Baqali was a panelist on the Opening Executive Panel: ‘State of the Aluminium Industry’ at the 37th Fastmarkets International Aluminium Conference 2023 that is being held from 12 to 14 September in Barcelona, Spain. The Opening Executive Panel, comprising top executives from the aluminium industry -- Hydro’s President and CEO Hilde Merete Aasheim and Hongqiao Group’s Special Advisor Ron Knapp -- explored several topics including the global supply/demand outlook and key business opportunities in the next 18 months as well as potential implications of geo-political shifts for the aluminium market.
Alba wins the Brandon Hall Group Silver Award for Excellence 2023
Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, is the recipient of the coveted Brandon Hall Group Silver Award for Excellence 2023 for its Training & Development Programme (TDP) under the Best Development Programme for Frontline Leaders’ Category. This is the fourth time that Alba has been recognised by the Brandon Hall Group with the previous awards being won in 2016, 2018 and in 2021.
Alba: the first smelter in the region to be recertified to the new ASI Performance Standard
Aluminium Bahrain B.S.C. (Alba) is the first smelter in the region to be successfully recertified to the newest version (V3) of Aluminium Stewardship Initiative (ASI)’s Performance Standard which was released in May 2022.
Alba CEO applauds interns upon completion of OJT programmes
In line with Aluminium Bahrain B.S.C. (Alba)’s commitment to Bahraini youth development, the CEO Ali Al Baqali congratulated more than 90 trainee students on the completion of their On-Job-Training (OJT) programmes, carried throughout this year, during a ceremony that was held on 23 August 2023 at the Company’s premises. Success is never achieved in solo, and recognition is the way to applaud the trainees’ achievements and inspire them to do more to reach their objectives.