Aluminium Bahrain B S C : Alba holds its Board Meeting for Third Quarter of 2022

Aluminium Bahrain B.S.C (Alba), one of many world’s largest aluminium smelters, held its third quarterly Board of Administrators’ assembly on the Al Dana Corridor on Wednesday 28 September 2022.

The Chairman of Alba’s Board of Administrators, Shaikh Daij Bin Salman Bin Daij Al Khalifa, began the Board assembly with: “A thanks notice on behalf of the Administrators to Alba Executives, Administration, staff, and contractors’ personnel for the distinctive Security report with Alba setting a precedent in its Security efficiency with greater than 31 million secure working hours with out LTI.”

Including additional: “To additional develop, we should do one thing past of what we have now already mastered. With the primary concrete pour at Energy Station 5 Block 4, we advance nearer to satisfy our ESG aims.

As we step within the final quarter of this 12 months, we stay centered to embrace the challenges we see in immediately’s market as alternatives to complete 2022 sturdy.”

Throughout this assembly, the Board of Administrators mentioned and permitted the Minutes of the earlier assembly on 11 August 2022 in addition to reviewed Reviews of the Government and ESG Committee, Board Audit Committee and the Nomination, Remuneration and Company Governance Committee. Particular person Administrators’ Full Declaration and an replace on the Independence of every Alba Board Director have been additionally given throughout this assembly. The Chairman of the Board shared the most recent developments on the proposed Line 7 Mission. As well as, insights got on the Firm’s productiveness and monetary efficiency to-date in addition to Gross sales with the worldwide logistics’ challenges.

The Board additionally reviewed the Firm’s ESG developments to incorporate the debut of Energy Station 5 (PS5) Block 4’s building Mission, which is able to convey Alba one step nearer in its race in direction of decarbonization when it comes to greater effectivity and decrease greenhouse gasoline (GHG) emissions. Furthermore, the Board was apprised of the profitable closure of the financing with Sinosure Export Credit score Company in relation to this Mission.

Together with the Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Alba Board of Administrators contains six administrators appointed by Bahrain Mumtalakat Holding Firm B.S.C. © – Mr. Yousif A. Taqi, Mrs. Suha Karzoon, Shaikh Isa Bin Khalid Al Khalifa, Mr. Tim Murray and Mrs. Rasha Sabkar. The three administrators appointed by Sabic Industrial Investments Co. (SIIC) are Mr. Ahmed Alduriaan, Mr. Iyad Al-Garawi and Mr. Omar A. Al-Amoudi and one elected director, Mr. Mutlaq Hamad Al-Morished.

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