Alba Breaks Annual Aluminium Production Record in 2023
Aluminium Bahrain B.S.C. (Alba), one of the world’s largest aluminium smelters, has set a new record-breaking production of 1,620,665 metric tonnes (MT) in 2023, an increase of 20,554 MT, versus 1,600,111 metric tonnes (MT) in 2022 (+1.3% Year-on-Year).
Alba holds Family Day for all employees and their families
Aluminium Bahrain B.S.C. (Alba) held a Family Day Celebration for all employees and their families at Adhari Park on Saturday 16 December 2023, as a continuation of its National Day celebrations.
Alba celebrates Bahrain’s 52nd National Day
Aluminium Bahrain B.S.C. (Alba) marked the Kingdom of Bahrain’s 52nd National Day and 24th Anniversary of HM the King’s accession to the throne with a plant-wide celebration on Thursday 14 December 2023.
Alba launches ‘Safety is Driven by You’ Campaign
Aluminium Bahrain B.S.C (Alba) launched today, Sunday 10 December 2023, its mini-Safety and Health Campaign ‘Safety is Driven by You’ to emphasise on the bottom-up Safety communication as well as address challenges associated with the winter across the production processes.
Alba recognises its female employees on the occasion of Bahraini Woman’s Day
Aluminium Bahrain B.S.C. (Alba), on the occasion of Bahraini Woman’s Day, held an event to recognise its female employees on Monday, 04 December 2023 at the Company’s Oasis Hall in the presence of the Chief Executive Officer Ali Al Baqali.
Alba: first smelter in the GCC to attain 4-star audit rating by the British Safety Council
Aluminium Bahrain B.S.C. (Alba) has become the first smelter in the GCC to attain the 4-star audit rating after successfully completing the Five Star Occupational Health and Safety Audit conducted by the British Safety Council (BSC).
Alba CEO leads the Company’s Delegation at ARABAL 2023
Aluminium Bahrain B.S.C. (Alba)’s Chief Executive Officer Ali Al Baqali led the Company’s delegation at the Arab International Aluminium Conference (ARABAL) that is being hosted by Ma’aden from 21 to 23 November 2023 in Riyadh, Saudi Arabia.
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.