Aluminium Bahrain B.S.C. (Alba), the first aluminium smelter in the Gulf region, has been making steady strides in the construction of its landmark Line 6 Expansion Project in order to meet the First Hot Metal (FHM) schedule on January 01, 2019 according to a statement issued by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa.
The statement was made following the fourth quarterly meeting for the year 2017, which was held on Thursday December 14, 2017 at Alba.
The Board approved the minutes of the previous meeting, which was held on Wednesday September 27, 2017 as well as reviewed the reports of the Executive Committee, Board Audit Committee and the Nomination and Remuneration Committee during the meeting.
The Board reviewed and approved the 2018 Annual Operating Plan, Corporate Governance Report as well as Q3 2017 Financial Statements. In addition, the Executive Management gave an update on Safety, Line 5 Recovery and metal production, the progress of Line 6 Expansion Project, Project Titan – Phase II, Industry Outlook and the overall Financial Performance of the Company.
Adding further, Shaikh Daij Bin Salman Bin Daij Al Khalifa:
“As we approach 2017 year-end, we remain confident to have a strong finish in light of the market conditions coupled with the safe recovery of Line 5.
We also remain on track with the progress of Line 6 Expansion Project, which upon completion, will transform Alba to be the largest single-site smelter in the world.”
In addition to 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 – Mr. Yousif Abdulla Taqi, Mr. Osama Mohammed Al Arrayedh, Mr. Yaser E. Humaidan, Dr. Mohamed Kameshki and Mrs. Suha Karzoon. The two directors appointed by Sabic Industrial Investments Co (SIIC) are Mr. Ahmed Mohammad A. Al Jabr and Mr. Ali Al Shamrani and two independent directors, Mr. Uwaidh Al Harethi and Mr. Mutlaq Al-Morished.