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Alba shows resilience amid Covid, outlines 5-year strategic initiatives

June 8, 2021
real estate

Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, outlined its 5-year strategic initiatives and insights on the market fundamentals and also reviewed its overall performance to-date at its second quarterly board meeting held today (June 7).

The virtual meeting was held under the chairmanship of Shaikh Daij Bin Salman Bin Daij Al Khalifa to mainly review Alba's second quarter performance.

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It was attended by Alba board members - comprising six directors appointed by Bahrain Mumtalakat Holding Company - Yousif Abdulla Taqi, Suha Karzoon, Shaikh Isa Bin Khalid Al Khalifa, Tim Murray and Rasha Sabkar; the three directors appointed by Sabic Industrial Investments Company - Ahmed Al Duriaan, Iyad Al Garawi and Omar Al Amoudi and one elected director, Mutlaq Al Morished.

At the meeting, the minutes of the previous meeting were reviewed along with the Reports of the Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee.

In addition, the board also studied in detail the responses of the Board Annual Questionnaire for 2020.

Updates were also given to include the Training Program for the Directors (Section 4: Principle 4: Third of the Corporate Governance Code of the Kingdom of Bahrain 2018), Safety and Plant performance amidst Covid-19 pandemic.

Addressing the members, Chairman Shaikh Daij said Alba was running its operations at a full run-rate while weathering the Covid-19 crisis with its resilience and strength.

'We continue to connect the dots and lead from the front in this unprecedented time as we focus on what really matters for our strong come-back: safety and well-being of our workforce (employees and contractors’ personnel), business continuity of our operations and on-time delivery of our products,' he stated.

Shaikh Daij also lauded the Alba family for achieving more than 12 million safe working-hours without lost time injury.