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Alba holds its Board Meeting for Third Quarter of 2023

Oct 15, 2023 3:49 PM

Aluminium Bahrain B.S.C (Alba), one of the world’s largest aluminium smelters, held its third quarterly Board of Directors’ meeting virtually on 28 September 2023.

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Alba’s Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa, started the e-meeting with: “Delivering consistency amidst uncertain macroeconomic outlook is our top priority: as we head into the fourth quarter of this year, we remain focused on our operational excellence and lean cost structure to finish 2023 strong.”

Adding further, Shaikh Daij bin Salman bin Daij Al Khalifa said: “On behalf of the Board of Directors, I would like to thank Alba’s Chief Financial Officer Bryan Harris for serving the Company for more than a decade and for playing a key role in driving a step-up in our financial performance. I also welcome Ahmed Abdul Qader as the Acting Chief Financial Officer to the C-Suite of Alba and wish him the very best in his new role.”

The Board unanimously approved the appointment of Ahmed Abdul Qader Ishaq as the Acting CFO effective 02 October 2023 as the current CFO Bryan Harris is stepping down on that day.

During this meeting, the Board of Directors discussed and approved the Minutes of the previous meeting that was held on 09 August 2023 as well as reviewed reports of the Executive and ESG Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee. Individual Directors’ Complete Declaration and an update on the Independence of each Alba Board Director were also given during this meeting.

The Board reviewed and discussed strategic developments such as the proposed Line 7 Project, progress of Power Station 5 (PS5) Block 4 Project, various initiatives under the ESG Roadmap in line with Alba’s 5-Year Strategy as well as the Company’s operational, financial and sales performance to-date.

Including the Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Alba Board of Directors comprises six directors appointed by Bahrain Mumtalakat Holding Company B.S.C.© - Shaikh Isa bin Khalid Al Khalifa, Mr. Tim Murray, Ms. Roselyne Renel, Mr. Omar Syed and Mr. Bruce Cox; three directors appointed by SABIC Industrial Investments Co. (SIIC) - Mr. Ahmed Alduriaan, Mr. AlWaleed AlSenani and Mr. Omar A. Al-Amoudi and one elected director, Ms. Hala Abdul Hameed Mufeez.


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