Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Bahrain
  4. Bahrain Bourse
  5. Aluminium Bahrain B.S.C.
  6. News
  7. Summary
    ALBH   BH0006000044

ALUMINIUM BAHRAIN B.S.C.

(ALBH)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Aluminium Bahrain B.S.C. : - Alba holds its Q3 2021 BoD Meeting in-person for the first time since COVID-19 pandemic

09/30/2021 | 08:45am EST

Aluminium Bahrain B.S.C (Alba), the world's largest aluminium smelter ex-China, held its first in-person BoD Meeting for the third quarter of 2021 on Wednesday 29 September 2021 at Alba Oasis Hall.

The Chairman of Alba's Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, started the Board meeting with a welcoming note to the Board of Directors and Alba Executives and stated: 'We are very thankful to the Kingdom of Bahrain's Leadership for everything they have done since the start of COVID-19 pandemic and towards His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister for his hands-on efforts along with all frontliners' in Bahrain to bring us to where we are today: citizens and residents in order to keep us safe. We were able to conduct this Board Meeting in-person since the start of the COVID-19 pandemic back in 2020 thanks to the hands-on efforts put through in the last 1.5 years.

Adding further: 'While the value of human interaction cannot be overlooked, we, at Alba, have been agile as we have implemented virtual meetings from the onset and have recently started to transition into in-person meetings.

As we navigate through this pandemic, we have set new benchmarks in terms of operational and financial performance (breaking an all-time records in terms higher production, EBBITDA and Net Profits for the first half of 2021) as well as on the ESG front especially as we have recently signed a Memorandum of Understanding between Alba and Sustainable Energy Authority (SEA) to implement various sustainable energy initiatives of common interest this will consolidate our efforts one step further towards our race towards decarbonization.'

During the Q3 BoD Meeting, the Board approved the Minutes of the previous meeting as well as reviewed Reports of the Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee.

The Meeting also provided insights on Alba's overall performance in terms of Productivity amidst high raw materials prices, overall Sales with the global logistics' issue, Safety (achieving more than 16.5 million safe working-hours to-date and more than 99.7% vaccination in our workforce) and Plant performance, financial performance-to-date, Al Hassalah programme, and Spent Pot Lining Treatment Plant construction progress. In addition, an update was given on the 5-year strategic initiatives to include a feasibility study on the possibility of Alba power assets' spin-off. After a thorough review at the Board meeting, it was decided not to pursue this matter given the high risks associated with the divestment of the Company's power assets.

Including the Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa, 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.

The Board of Directors meeting was held with protocols and guidelines for COVID-19 as issued by Bahrain National Medical Task Force for Combatting the Coronavirus.

Contact:

Tel: + 973 17 830000

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about ALUMINIUM BAHRAIN B.S.C.
12/01ALUMINIUM BAHRAIN B S C : Alba Holds Board Meeting for Q4 of 2021
PU
11/30Aluminium Bahrain B.S.C. - Line 6, Alba's Game-Changer, to be a Catalyst in Bahrain's A..
AQ
11/29ALUMINIUM BAHRAIN B S C : Line 6, Alba's Game-Changer, to be a Catalyst in Bahrain's Alumi..
PU
11/21ALUMINIUM BAHRAIN B S C : Alba Chairman of the Board of Directors Tours Reduction Line 6
PU
11/16ALUMINIUM BAHRAIN B S C : Alba supports Bahrain's national initiatives to combat climate c..
PU
11/14ALUMINIUM BAHRAIN B S C : Alba CEO Receives People First Leader Award 2021
PU
11/11ALUMINIUM BAHRAIN B.S.C. : Ex-dividend day for interim dividend
FA
11/09Alba endorses Call to Action for Decarbonization to meet Bahrain's Net Zero Emissions b..
PU
11/04Aluminium Bahrain B.S.C. Recommends of Interim Dividend, Payable on November 23, 2021
CI
11/01Aluminium Bahrain B.S.C. Reports Earnings Results for the Third Quarter and Nine Months..
CI
More news
Analyst Recommendations on ALUMINIUM BAHRAIN B.S.C.
More recommendations
Financials
Sales 2021 1 584 M 4 202 M 4 202 M
Net income 2021 377 M 999 M 999 M
Net Debt 2021 759 M 2 014 M 2 014 M
P/E ratio 2021 3,00x
Yield 2021 11,5%
Capitalization 1 131 M 2 999 M 3 000 M
EV / Sales 2021 1,19x
EV / Sales 2022 0,96x
Nbr of Employees 3 200
Free-Float 9,66%
Chart ALUMINIUM BAHRAIN B.S.C.
Duration : Period :
Aluminium Bahrain B.S.C. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALUMINIUM BAHRAIN B.S.C.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 0,80 BHD
Average target price 1,00 BHD
Spread / Average Target 25,5%
EPS Revisions
Managers and Directors
Ali Hassan Al-Baqali Chief Executive Officer
Bryan Harris Chief Financial Officer
Daij bin Salman bin Daij Al-Khalifa Chairman
Afaque Ahmed Hashimi Senior Manager-Information Technology
Abdulla Habib Ahmed Ali Chief Operations Officer