Chairman
Director
Director
Director
Director
Director
Director
Director
Director
Director
Chief Executive Officer
Chief Marketing Officer
Chief Power Officer
Chief Supply Officer
Chief Operations Officer
Acting Chief Financial Officer
Dear Shareholders,
On behalf of the Board of Directors, I am pleased to present Aluminium Bahrain B.S.C. (Alba)’s Annual Report for 2023.
I would like first to express my thanks to His Majesty the King of Bahrain, King Hamad bin Isa Al Khalifa and His Royal Highness the Prime Minister Prince Salman bin Hamad Al Khalifa for placing their faith in me to lead as the Chairman of the Board of one of the world’s largest aluminium smelters. I take this opportunity to thank our valued shareholders for their continued confidence in our Company. I am honoured to lead this organization towards more successes along with my fellow Directors at the Board.
Celebrating over 52 years as a leading supplier of high-grade aluminium products, Alba
remains committed to fostering trust with all stakeholders. Looking back on 2023, I am
incredibly proud of our collective achievements, even amidst industry challenges and
market headwinds.
ESG: Seven National Employees Awarded by Alba CEO
ESG: Installing Solar PV Panels over 37,000 M2
Operational: Commissioning FCN Project at Lines 4-5
Strategic: Alba’s CEO Inaugurates Annual Majlis Sessions 2023
Award: Al Baqali Named in NSC’s ‘CEOs Who Get It’ List for 2023
Financial: Reporting FY and Q4 2022 Financials
ESG: Alba’s Green Initiatives
Financial: Holding AGM for 2023
ESG: Alba Sports Festival – a Major Success
ESG: Alba Enriches Bahrain’s biodiversity with its Fish Farm Produce
Strategic: Attending Formula 1 Gulf Air Bahrain Grand Prix
Award: Maintained Status Quo as the World’s Largest Aluminium Smelter ex-China
ESG: Secured BBK’s Sustainability Financing for its Solar Farm Project
Operational: Block 4 Project – Procurement and Foundation Works for Main Equipment Completed
Strategic: Re-launch of Code of Conduct
Operational: Accelerating Transformation to Industry 4.0 with Completion of Online Monitoring System for its Power Stations
Operational: Alba’s Line 6 New Nameplate Capacity Jumps to 560,000 MT
Financial: Reporting Q1 2023 Financials
ESG/Award: Received ASI Chain of Custody Standard Certification for Responsible Production
Award: Scooping RoSPA’s President’s Award Following 10 Consecutive Gold Awards for Safety and Health Excellence
ESG/Award: Alba is the First Industrial Company in the Region & Bahrain to Achieve ISO 18788:2015 Certification
ESG/Award: Alba’s Safety Culture Recognised with British Safety Council’s Award
ESG: Alba’s Decarbonisation Drives Highlighted at 26th Arab-German Business Forum 2023
Strategic: Held Reverse Insurance Roadshow with Major Insurance and Reinsurance Markets
Award: Won Prestigious Bonds, Loans & Sukuk Middle East Award for 2023
ESG: Alba is the First Company in the Kingdom to Use Solar-Electric Powered Industrial Personnel Carriers
Strategic: Visit to Mitsubishi Heavy Industries Facilities in Japan
Strategic: Joining Forces with Nasser Artificial Intelligence Research and Development Centre to Advance in AI
ESG: Launch of Summer Safety & Health Campaign ‘Stop, Think, & Act’
ESG: Implementing Virtual Reality Training Courses in Partnership with Atyaf eSolutions
ESG: Inaugurating Alba’s Mangrove Nursery to Mark Occasion of International Mangrove Day
ESG: Entrepreneurship Masterclass’ Workshop Held for Alba employees’ Children in Collaboration with INJAZ Bahrain
Financial: Reporting Q2 and H1 2023 Results
Operational: Introducing New Alloy 6060.HE in Alba’s Product Portfolio
Award: Alba is the First Smelter in the Region to be Recertified to the New ASI Performance Standard
ESG/Award: Winning the Brandon Hall Group Silver Award for Excellence 2023
Strategic: CEO is a Key Panelist at the 37th Fastmarkets Conference 2023
Financial: Alba Holds its Board Meeting for Q3 2023
ESG: Marking Breast Cancer Awareness Month
Strategic: Mumtalakat Announces New Chairman of Alba’s Board
Award: Marking 7th Consecutive Year of Zero Heat- Related Illnesses & Injuries
Operational: Arrival of Mitsubishi Power M701JAC Gas Turbine
Financial: Reporting Q3 and 9 Months Results of 2023
Award: Clinching Two Major Investor Relations Awards for 2023 by MEIRA
Strategic: CEO Leads Alba’s Delegation at ARABAL
ESG/Award: Alba First Smelter in the GCC to Attain 4-Star Audit Rating by British Safety Council
ESG: Recognizing Female employees on the Occasion of Bahraini Woman’s Day
ESG: Launch of ‘Safety is Driven by You’ Campaign
ESG: Alba Celebrates National Day
Operational: Alba Breaks Annual Aluminium Production Record in 2023
Aluminium consumption saw a modest growth globally (+1% Year-Over-Year) due to stagnant economies curbed by rising interest rates and inflation, ongoing supply chain disruptions and weak consumer .
Our customer driven marketing strategy is focused on enriching the experience of our clients with prompt and intuitive service, bringing value to their production cycle, and ensuring customer satisfaction is at the heart
The combined cycle power unit will have a generating capacity of 680.8 MW at 25°C and an efficiency of 54.6%. The main equipment to be provided include one M701JAC balance of plant and other electrical/control .
A safe and healthy work environment isn’t just about following regulations; it’s about fostering employee well-being and boosting productivity. At Alba, we believe in creating a culture of safety that values.
Alba has a long history of responsible and sustainable business practices. As one of the world’s largest aluminium smelters, we recognize our environmental and social impact.
Fostering a Competitive Workforce At Alba, we believe our people are our strongest asset. Employee Training and Development have been a cornerstone of our Company since its inception.
Alba recognizes that true Corporate Social Responsibility (CSR) extends beyond simply giving back. Our commitment is to actively contribute to a healthier environment and an inclusive society.
