CEO Message

Corporate Governance

Board Of Directors
Executive Management

ALI AL BAQALI

Chief Executive Officer

Chief Executive Officer of Aluminium Bahrain B.S.C. (Alba)

Joined Alba in May 1998

EXPERIENCE

  • Appointed as the CEO on 13 February 2020, Al Baqali has been part of the Alba family for more than 2-decades and brings years of thought leadership and honed experience from within the Company. Al Baqali joined Alba as a Purchasing Officer in 1998 then moved further up the ranks to become Manager for Procurement (2010), Chief Financial Officer (2013), Deputy CEO and Chief Supply Chain Officer (2017) and Acting CEO (2019). In his Executive Management roles, Al Baqali has been instrumental in Alba’s landmark Line 6 Expansion Project, especially in securing the US$3 billion financing for the Project and formulating the sourcing strategies for key raw materials.
  • As a Bahraini who grew from within Alba, Al Baqali believes that Alba’s growth and success depend heavily on the Company’s entrenched principles on Safety, Development of Human Capital, Social and Civic Responsibility as well as Community Development. Al Baqali places Environmental, Social, and Governance (ESG) matters at the top of his priorities; his beliefs have translated into Alba establishing c.US$40 million first-of-its-kind Spent Pot Lining Treatment Plant Project, achieving the Aluminium Stewardship Initiative (ASI) Performance Certification, setting-up a Fish Farm at the Calciner & Marine Operations amongst many other initiatives.

International Memberships & Positions

  • Vice-Chairman & Director of the International Aluminum Institute (IAI) – 2019.
  • Member of the Board, Gulf Aluminium Council (GAC) – 2019.
  • Member of GCC Board Directors Institute – 2021.
  • Member of Italia Bahrain Business Council – 2021.

Bahrain Memberships & Positions

  • Member of the Board, Tenmou – 2014.
  • Member of the Board, INJAZ – 2016.
  • Deputy Chairman of the Board of Trustees, Bahrain Polytechnic – 2021.
  • Board member of Saint Christopher’s School – 2020-2021.

qualification

  • Executive MBA from Darden School of Business, University of Virginia, USA – 2018.
  • MBA from Arabian Gulf University (AGU) in collaboration with ESSEC – 2014.
  • B.Sc. in Accounting from the University of Bahrain – 2005.
  • Chartered Institute of Purchasing & Supply (CIPS), UK – 1998.

KHALID ABDUL LATIF

Chief Marketing Officer

Chief Marketing Officer of Aluminium Bahrain B.S.C. (Alba)
Joined Alba in September 1989

EXPERIENCE

  • Appointed as Chief Marketing Officer in September 2015, Khalid heads the following departments: Casthouse (Maintenance & Operations), Customer Service & Marketing Operations, Sales (all regions) and Alba Americas.
  • Khalid leads the Company’s global marketing strategies to drive innovation across its business divisions, depending on the deep knowledge he has in both marketing and operations fields. He continuously increases Alba’s existing business and develops new markets to meet the Company’s growth targets.
  • Prior to his current Executive role, in 2012, he was promoted to Manager of Engineering and then to Alba’s Marketing Manager for Customer Services & Marketing Operations.
  • Khalid joined Alba as an apprentice in 1989 and worked in various operational areas including Power Station, Reduction Lines and Carbon Plant. He rose through the ranks and was promoted from Supervisor to Engineer followed by Superintendent.

qualification

  • MBA from Arabian Gulf University (AGU) in collaboration with ESSEC – 2014.
  • Completion certificate for the Executive Education Programme in Strategic Sales Management from University of Chicago, USA.
  • Bachelor’s in Electrical Engineering from Gulf University in Bahrain.
  • HND in Electrical & Electronics from Bahrain Training Institute BETTEC Bahrain.
  • Higher Diploma in Mechatronics from Abertay University, Dundee, UK.

AMIN SULTAN

Chief Power Officer

Chief Power Officer of Aluminium Bahrain B.S.C. (Alba)
Joined Alba in May 1997

EXPERIENCE

  • Currently, he oversees Alba’s 3,665 MW ISO Power & Utilities and Power Station 5 new Block 4 680 MW (using J-class gas turbine technology) combined cycle construction project.
  • Oversaw the new 1,800 MW Power Station 5 (using H-class gas turbine technology), which was part of Alba’s Line 6 Expansion Project.
  • In charge of Environment, Social and Governance ESG at ALBA in addition to overseeing ALBA wide property and business interruption all risks insurance.
  • Played an instrumental role in Alba’s organization restructuring process in 2010, implementation of Lean & Six Sigma tools during STAR project 2012-2011 and cost saving Project Titan.
  • Prior to Alba, he spent 5 years at the leading Japanese control and instrumentation firm, Yokogawa Middle East & Africa B.S.C.(c), wherein his role covered engineering, maintenance, and projects experiences in vast industries such power & utilities, refineries, and petrochemicals.

qualification

  • MBA from Arabian Gulf University (AGU) in collaboration with ESSEC – 2014.
  • M.Sc. in Electrical Engineering from University of Bahrain.
  • Attended various Executive Management Programs at University of Chicago Business School and University of Cranfield School of Management.

WALEED TAMIMI

Chief Marketing Officer

Chief Supply Officer of Aluminium Bahrain B.S.C. (Alba)
Joined Alba in May 2011

EXPERIENCE

  • In his current position as a Chief Supply Officer, Waleed oversees the departments of Procurement & Warehousing, Strategic Supply & Planning, Engineering and Operational Excellence.
  • He held the position of Chief Administration & Supply Officer since August 2019, prior to which he was the Chief Administration Officer and before that, the Director of Administration.
  • He has held the position of Senior Manager of Strategic Supply & Planning, in charge of Alba’s procurement requirement of major raw material and orresponding logistics, responsible for the management and development of Alba’s raw material and freight suppliers’ network in addition to managing all trading and selling initiatives for excess procured Alumina and surplus production of Calcined Petroleum Coke.
  • In 2013, Waleed served as Manager – Operational Excellence where he led the operational excellence initiatives alongside the continuous improvement strategy and roadmap. In this role, he was responsible for the development, establishment and initiation of an Enterprise Continuous Improvement and Cost Cutting Programme (Project Titan), which aimed at improving quality, reducing lead time, and bringing in sizable cost reduction levels.
  • Prior to his tenure in Alba, he was General Manager of Business Improvement Group at Rezayat Group of Companies in Khobar, Saudi Arabia where he led a strategy building initiative at Rezayat Group, resulting ultimately in the establishment and direct utilization of Balance Score Cards. He also led the development, establishment and initiation of an Enterprise Excellence Program. The developed system was called Rezayat Achieving Competitive Excellence (RACE) and is a mix of the Six Sigma philosophy, the Lean Manufacturing methodology and Continuous Improvement principles.
  • Waleed has served for 27 years in different capacities for a number of companies in USA and in the Middle East ranging from an Implementation Consultant in a software start-up company in San Jose, California to a Six Sigma Black Belt in a world-class Aircraft Manufacturer (Lear-Jet, Bombardier).

qualification

  • MBA from Arabian Gulf University (AGU) in collaboration with ESSEC- 2016.
  • BS and MS degrees in Industrial Engineering from Wichita State University, US.
  • Certified Six Sigma and Lean Manufacturing Master Black Belt.

DR. ABDULLA HABIB AHMED

Chief Operations Officer

Chief Operations Officer of Aluminium Bahrain B.S.C. (Alba)
Joined Alba in March 1995

EXPERIENCE

  • Currently, the Chief Operations Officer since 02 December 2018.
  • Formerly, he was the Director of Reduction Line 6 Start-up (2017) in charge of commissioning and startup of Line 6, and he was Director of Reduction Lines and Services. (2015-2018).
  • Joined Alba as Trainee Engineer and during the last 27 years, Dr. Habib has held the roles of Superintendent Reduction Line, R&D Manager, Reduction Lines Manager, and Customers Technical Support Manager.
  • Played a vital role in improving safety performance across Alba Operations.
  • In-charge of Line 5-recovery in 2017, after a long power outage, and led it as one of the safest and faster recoveries in the world.
  • Member of many international committees related to Aluminium Industry like The Minerals, Metals & Material Society (TMS) and The International Committee for Study of Bauxite, Alumina and Aluminium (ICSOBA)
  • Previous advisor to the College of Engineering in University of Bahrain.

qualification

  • PhD in Chemical Engineering & Masters in Aluminium Smelting from University of New South Wales, Australia.
  • B.Sc. in Chemical Engineering with first honor from University of Bahrain.
  • MBA from Arabian Gulf University (AGU) in collaboration with ESSEC – 2016.

AHMED A. QADER

Acting Chief Financial Officer

Acting Chief Financial Officer of Aluminium Bahrain B.S.C. (Alba)
Joined Alba in July 2010

EXPERIENCE

  • Appointed as Acting CFO on 28 September 2023. Prior to his present role, Ahmed was the Finance Manager of Aluminium Bahrain B.S.C (Alba) overseeing the divisions of Treasury, Management Reporting, Compliance, Payroll, Credit Management and Account Payable.
  • Joined Alba in 2010 as the Senior Internal Auditor.
  • Ahmed played instrumental roles in raising the fund for Line 6 Expansion Project, oversighting the project cash management, development of hedging program, and finally the establishment of VAT framework.
  • Prior joining Alba, he spent over 5 years at PricewaterhouseCoopers, wherein his role covered auditing, financial advisory and project management experiences in vast industries such financial institution, ministries, and petrochemicals.

qualification

  • CPA in public accounting from Colorado Board of Accountancy.
  • MBA from Arabian Gulf University (AGU) in collaboration with ESSEC – 2018.
  • He has also attended various Executive Management Programs and members at various academic university program in Banking and Finance.

ELINE HELAL

Corporate Governance Officer

Director – Investor Relations, Insurance & Corporate Secretary
Joined Alba in March 2011

EXPERIENCE

  • Currently, she is the Director of Investor Relations, Insurance and Corporate Secretary since February 2020.
  • Brings with her years of honed experience across matrixed functions namely Investor Relations, Corporate Communications, Corporate Secretariat, Corporate Governance, Insurance as well as Strategy & Business Development.
  • Joined Alba as Manager Investor Relations (IR) in March 2011 to build the IR function from the ground, develop & lead the IR team. In her 10+ years career in Alba, she also held on top of her IR role, Public Relations for 5 years and was acting as Strategy and Business Development Manager since July 2018.
  • Has a well-versed experience in corporate governance, compliance, and regulatory skills for working in Debt and Equity markets, especially on Emerging Markets and in particular the Middle East.
  • Renowned as a media relator as well as financial communication advisor for C-levels in the region.
  • Started as a financial analyst at the Middle East mobile operator Zain Group in early 2007, then joined Investor Relations as senior IR analyst till January 2011.

qualification

  • Completed Senior Executive Leadership Program (SELP12) from Harvard Executive Business School – 2023.
  • MBA from Arabian Gulf University (AGU) in collaboration with ESSEC – 2015.
  • MSc in International Finance from University of New South Wales, Australia – 2006.
  • Bachelor of Science in Banking & Finance from Lebanese American University (LAU) – 2003.

Executive Management

Alba Executive Management
The Company’s Executive Management oversees the day-to-day operations and executes the strategic directives set forth by the Board.

Shareholding by Executive Management

Shareholding by Executive Management

Total Remunerations Paid to Key Executives

Total Remunerations Paid to Key Executives
The Company’s well-defined performance system — guided by the Nomination, Remuneration & Corporate Governance Committee (NRCGC) — fosters transparency in performance evaluation as well as rewarding employees and key Executives. The top six key Executives’ compensation — including salaries, benefits, and allowances — amounted to BD2,042,896 (full breakdown is tabled below):

Details of any Irregularities During the Financial Year

Details of any Irregularities During the Financial Year

  • The Company recognizes that the current composition of the Board, Audit Committee and its Nomination, Remuneration, and Corporate Governance Committee (NRCGC) may not fully comply with the director independence requirements set forth in the Central Bank of Bahrain (CBB) High-Level Controls Module (HC-1.4.5) and the Ministry of Industry and Commerce (MOIC) Corporate Governance Code. The Company has promptly notified its major shareholders of this non-compliance and is actively engaged in discussions with them to seek appropriate remedial measures.
  •  In the interim, the Company has secured a temporary waiver from CBB with respect to the independence requirements. This waiver is subject to ongoing review as the Company undertakes to diligently pursue mitigation strategies including potential Board and NRCGC composition changes to achieve full compliance with CBB regulations and MOIC Code by the new Board term in 2026.
  •  The Board believes the specific circumstances surrounding the Directors’ classification as non-independent do not pose actual conflicts of interest or hinder their ability to exercise independent judgment.

Cash and in-kind contributions made by the Company

Cash and in-Kind Contribution Made by the Company
Community-driven impact: the Company spent c.BD2.076 million to touch diverse aspects of local and community life, driving positive change through educational programs, fostering healthy living through sports, conservation of local heritage, and impactful ESG-led activities in line with the Company’s ESG Roadmap.

Significant Events

Significant Events

  • Streamlining operations to simplify the Company’s structure and enhance its operational efficiency: following the Board’s resolution on 30 December 2021, Alba Club (formerly registered under CR 99789-1) has transitioned to become a branch of the Company (CR 999) effective 22 November 2023 (Application No. CR2022-3948).
  •  Optimizing Alba’s global footprint: in Q1 2023, the Company closed its Hong Kong Sales Office [formerly located at 2210, Windsor House, 311 Gloucester Road, Causeway Bay, Hong Kong] and is now relying on its Singapore branch [address at Level 35, The Gateway West, 150 Beach Road, #35-38 the Gateway West, Singapore 189720] to serve its clientele in that region.

Alba Management Structure

Means of Communication with Shareholders & Investors

Means of Communications with Shareholders & Investors
Alba engages with its shareholders and investors on a regular basis and as required as follows:

Ownership Structure (31 December 2023)

Ownership Structure (31 December 2023)

Bahrain Mumtalakat
Holding Company

69.38%

SABIC IndustrialIn
vestment Company

20.62%

General Public

10%

  • Alba was converted into a Bahrain Public Joint Stock Company on 23 November 2010.
  • Alba shares are listed on two exchanges: Ordinary Shares on Bahrain Bourse and Global Depository Receipts (GDRs) on the London Stock Exchange – Alternative Investment Market.
  • Alba Ticker [Bahrain Bourse: ALBH, BD1.145 on 31 December 2023].

The below detailed tables outlines shareholders’ equity and distribution, offering insights in the Company’s ownership in terms of local, Arab, Foreign in addition, to distribution by size of ownership:

Compliance with the provisions of the Code

Compliance with the Provisions of the Code

*Applicable only to the companies offering Islamic services

© 2024 Aluminium Bahrain. All Rights Reserved

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Aluminum Bahrain B.S.C . (Alba)

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