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The board of directors meeting.

Alba Line 6 expansion project on target

MANAMA, September 27, 2017

Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, is taking solid steps towards implementing the Line 6 Expansion Project and the pouring of its first hot metal (FHM) is expected by January 1, 2019, according to a statement issued by Alba chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa.
    
The statement was made following the third quarterly meeting of the board of directors for this year, held on Wednesday (September 27) at Alba.

Shaikh Daij said: “We are pleased with the speedy recovery of Reduction Line 5 and we look forward to have a strong finish for 2017. We also look forward to secure the second tranche of the Export Credit Agency (ECAs) by the end of 2017.”

During the meeting, the board approved the minutes of the previous meeting, which was held on May 25, the half-yearly financial statements as well as 2018 marketing plan.

Furthermore, the Board reviewed the reports of the Executive Committee, Board Audit Committee and the Nomination and Remuneration Committee while updates were also given on Line 5 full recovery, safety, financial performance to-date, Line 6 Expansion Project, Project Titan - Phase II as well as overall industry market trends, said the statement.

The board also approved the appointments of Ali Al Baqali as the deputy chief executive officer and chief supply chain Officer as well as Waleed Tamimi as the chief administration officer.

In addition to Shaikh Daij, the Alba Board comprises six directors appointed by Bahrain Mumtalakat Holding Company – Yousif Abdulla Taqi, Osama Mohammed Al Arrayedh, Yaser E. Humaidan, Dr Mohamed Kameshki and Mrs. Suha Karzoon. The two directors appointed by Sabic Industrial Investments Co (SIIC) are: Ahmed Mohammad A Al Jabr and Ali Al Shamrani and two independent directors are: Uwaidh Al Harethi and Mutlaq Al-Morished.  – TradeArabia News Service
 




Tags: aluminium | Alba | smelter |

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