Alba Reports its Financial Results for the Fourth Quarter and 12 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 BD23.4 million (US$62.2 million) for the fourth quarter of 2023, down by 40.7% Year-over-Year (YoY) versus a Profit of BD39.4 million (US$104.9 million) for the same period in 2022. The Company reported Basic and Diluted Earnings per Share of Fils 17for Q4 2023 versus Basic and Diluted Earnings per Share of Fils 28 for the same period in 2022. The Total Comprehensive Income for Q4 2023 stood at BD6.2 million (US$16.5 million) versus a Total Comprehensive Income for Q4 of 2022 of BD24.4 million (US$64.7 million) – down by 74.6% YoY.
Alba holds 2nd edition of its Sports Festival
In collaboration with the International Sports Academies Federation (ISAF), Aluminium Bahrain B.S.C. (Alba) is organising the 2nd edition of its Sports Festival from 08 to 13 February 2024, at the Alba Club, Riffa.
Alba celebrates Sustainability Champions
Aluminium Bahrain B.S.C. (Alba)’s Chief Executive Officer Ali Al Baqali proudly recognised nine national Alba employees for successfully completing their Professional Diploma in Waste Management (PDWM) from Arabian Gulf University (AGU) in a ceremony held on 01 February 2024 at the Company’s premises.
Alba Chairman meets with the Company’s Labour Unions’ Chairmen
Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors. Khalid Al Rumaihi met with the Chairman of Alba Labour Union (ALU) Yasser Al Hujairi and the Chairman of Alba Trade Union (ATU) Younis Al Mubarak on 23 January 2024 at Alba premises.
Alba Chairman welcomes the CEO of Bahrain Mumtalakat Holding Company
Alba’s Chairman of the Board of Directors Mr. Khalid Al Rumaihi along with the CEO Ali Al Baqali welcomed the CEO of Mumtalakat Bahrain Holding Company HE Shaikh Abdulla bin Khalifa Al Khalifa on 28 January 2024 at the Company’s Al Dana Hall.
Alba Inks 10-Year Gas Supply Deal with Bapco Energies
"Securing a 10-year Natural Gas Supply Agreement marks a significant chapter for Alba”, as stated by Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board, Mr. Khalid Al Rumaihi, during the Signing Ceremony with Bapco Upstream, a 100% owned subsidiary of Bapco Energies, on 23 January 2024 at Al Dana Hall, Alba.
Alba recognises 12 national employees with ‘Inspirational Employee of the Year’ Award
In line with its philosophy to recognise employees for their commitment both inside and outside the workplace, Aluminium Bahrain B.S.C. (Alba)’s CEO Ali Al Baqali presented 12 national employees with the prestigious ‘Inspirational Employee of the Year’ Awards for 2023.
Alba announces the appointment of new Acting Chief Marketing Officer
Aluminium Bahrain B.S.C. (Alba), a leading player in the aluminium smelter landscape, announced the appointment of Hisham Alkooheji as the new Acting Chief Marketing Officer (CMO), effective 01 February 2024, following the resignation of the current CMO Khalid A. Latif.
Alba CEO Inaugurates Annual Majlis Sessions 2024
“No rearview mirrors in Alba’s journey, we only look forward”, as stated by Aluminium Bahrain B.S.C. (Alba)’s Chief Executive Officer, Ali Al Baqali, while inaugurating the Company’s Annual Majlis 2024 sessions on 08 January 2024 at the Oasis Hall.
Gearing for Growth: Alba Upskills more than 660 employees
“Our greatest asset isn’t the machinery nor equipment, but our people. Our people are the beating pulse of this Company, and their growth is our greatest investment”, as stated by Alba’s CEO Ali Al Baqali during the ceremony which was held today 07 January 2024 at Alba’s Oasis Hall to recognise the employees who have successfully completed their planned development programmes in 2023.