Alba set to finish 2020 strong despite the challenges

Aluminium Bahrain (Alba) announced that the company is on track to finish 2020 strong despite the challenges of the year. The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa revealed during the fourth quarterly Board of Directors’ meeting.

 Shaikh Daij Bin Salman Bin Daij Al Khalifa said: “2020 has been a year of exceptional events on many fronts. Our secret to adapt to the changes and find our new balance is to focus our efforts, not on challenging today’s status quo, but on building the new and resilient Alba as we prepare ourselves to start 2021.”

The Board also approved the Minutes of the previous Board Meeting as well as reviewed Reports of the Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee.

The Board approved a Memorandum of Understanding (MoU) with Hangzhou Jinjiang Group Co. Ltd (HJJ). The MoU will see Alba to secure long-term alumina requirements and new proposal to creep Lines4-5 from China’s leading alumina producer in China.

The Alba Board of Directors comprises six directors appointed by Bahrain Mumtalakat Holding Company B.S.C. © – Mr. Yousif Abdulla Taqi, Mrs. Suha Karzoon, Shaikh Isa Bin Khalid Al Khalifa, Mr. Tim Murray and Mrs. Rasha Sabkar. The three directors appointed by Sabic Industrial Investments Co. (SIIC) are Mr. Ahmed Al Duriaan, Mr. Iyad Al Garawi and Mr. Omar Al Amoudi and one elected director, Mr. Mutlaq Al-Morished.