The Annual General Meeting (AGM) of Aluminium Bahrain (Alba) today approved the appointment of Shaikh Daij bin Salman bin Daij Al Khalifa as the new chairman of the company.

Shaikh Daij takes over from Mahmood Hashim Al Kooheji.

The AGM, held at the Gulf International Convention Centre, Gulf Hotel, also approved the distribution of cash dividends related to the fiscal year 2013.

The total dividends for the fiscal year 2013 amounted to $135 million - equivalent to 36 per cent of the nominal value of the company’s shares - which is 36 fils per share, of which 14 fils (interim dividend) has already been distributed to the shareholders in September 2013.

The final dividend for 2013 of $82 million will be payable from March 13.

Shareholders approved the appointment of Yousif Abdulla Taqi, Osama Mohammed Al Arrayedh, Fahad Nasser Al-Hazzani, Dr Mohamed Kameshki and Tony Robinson (Anthony Lee Robinson) by Bahrain Mumtalakat Holding Co and the appointment of Mutlaq Hamad Al Morished and Fahad S Al Sheaibi by Sabic Industrial Investments Co (SIIC) together with the elected director  Abdul Aziz Al Humaid from Sabic Industrial Investments Co (SIIC)  as the new directors of the board.

Shaikh Daij said: “I am privileged to be appointed as the new chairman of Alba’s Board of Directors. I look forward to work with my fellow board members and Alba’s executive team to keep up the good momentum, achieve further success as well as continue to deliver value to our shareholders. I would also like to express my sincere thanks to Mr Mahmood Hashim Al Kooheji whose dedication has steered Alba to prosper during his tenure and to be one of the leading smelters in the world.” - TradeArabia News Service