Aluminium Bahrain (Alba), one of the world’s leading aluminium smelters, is on track to exceed its annual production growth targets, said its chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa.

Shaikh Daij was addressing the board members at the company's third quarterly meeting held on Wednesday (September 30) at the Alba premises.

At the meeting, the board approved the appointment of Khalid A. Latif as chief marketing officer (CMO) with immediate effect.

It also gave green signal to the 2016 Marketing Plan, the half-yearly financial statements along with the recommendation to distribute interim cash dividends of BD7.77 million ($20.66 million).

Welcoming the appointment, Shaikh Daij said: "We are confident that Khalid will play a major role in flexing Alba’s marketing strategy to meet its growth targets despite low LME prices as well as expanding Alba’s footprint globally."
 
The board of directors include six appointed by Bahrain Mumtalakat Holding Company, which in addition to the chairman are Yousif Abdulla Taqi, Osama Mohammed Al Arrayedh, Fahad Nasser Al-Hazzani, Dr Mohamed Kameshki and Suha Karzoon, while the appointed by Sabic Industrial Investments Company are Fahad S. Al Sheaibi and Khalid Al-Garni and two independent directors, Abdul Aziz Al Humaid and Mutlaq Al-Morished.  

The members later reviewed the reports of the executive committee, audit committee, and the nomination and remuneration committee.
 
Also at the meeting the Alba management gave updates on Line 6 expansion project, the safety, financial performance and Project Titan. Also, a review was given by Alba management on LME market forecasts for 2016 and beyond.-TradeArabia News Service