Manama (ALBH): “Five decades and counting, Bahrain has forged closed ties with Germany in the fields in trade and investment, and Alba is a great tangible example of this,” stated Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa during his Keynote Speech at the Gala Dinner of the 25th Arab-German Business Forum that is being held in Berlin from 21 to 23 June 2022.

Adding further, Shaikh Daij bin Salman bin Daij Al Khalifa said: “We look forward to welcoming German companies to set-up manufacturing units and businesses at the recently announced Aluminium Downstream Park, which represents a dynamic part of the Economic Recovery Plan put in motion in October 2021 by the Government of Bahrain and led by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of Bahrain.

Alba will play a key role in the development of the planned Aluminium Downstream Park and look forward to being the supplier of choice for all Aluminium manufacturing and recycling projects.”

Known as a leading platform for promoting Arab-German business relations, the Arab-German Business Forum comprises panel discussions and roundtables with the participation of high-level delegates and speakers who focus on creating opportunities and growth within key sectors of the Arab economies as well as Germany.

Alba’s Chief Executive Officer Ali Al Baqali participated in the Panel Discussion on ‘Sustainability and Waste Management: Major Challenges and Excellent Opportunities’ during which he gave insights on Alba’s fully-fledged ESG Roadmap, which is in line with Bahrain’s commitment to achieve ‘Net Zero Emissions’ by 2060. Al Baqali also spoke about Alba’s latest endeavour to address waste management - Spent Pot Lining Treatment Plant, adding: “The Plant is about ‘pioneering the future’. We are proud to have a world-class solution for SPL waste, which will not only transform SPL into valuable products but also provide recycling solution to realise significant environmental and economic gains in a circular economy.”

During his participation in the Panel discussion on ‘Mobility and Logistics: Smart Solutions as a Key to a Sustainable Development?’, Alba’s Chief Marketing Officer Khalid A. Latif stated, “Alba has always been ahead of the curve when it comes to producing and delivering Aluminium responsibly and sustainably. Our recent credentials to include ASI Performance Certification give the Company a competitive edge as we seek to embark on new markets in Germany and Europe.”

On the side-line of the Arab-German Business Forum 2022, the Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa presented Alba’s 50th Anniversary Coin to HE Mr. Abdulla Abdullatif Al Shaikh Abdulla, the Ambassador of the Kingdom of Bahrain to the Federal Republic of Germany, as well as to HE Mr. AbdulAziz Al Mikhlafi, the Secretary General Ghorfa Arab-German Chamber of Commerce and Industry.

Alba’s Director Marketing Boris Santosi and Director Investor Relations, Insurance & Corporate Secretary Eline Hilal were also part of the Company’s’ delegation attending the 25th Arab-German Business Forum.

-Ends-

About Aluminium Bahrain B.S.C. (Alba)

[Ticker: ALBH]

At plus-1.561 million metric tonnes per annum (2021), Alba is the world’s largest Aluminium smelter ex-China with more than 50 years of excellence in Operations, Safety, Environment and Socio-Economic Development.

A blue-chip asset of the Kingdom of Bahrain, Alba completed five decades of commercial operations in May 2021. The Company marked its Golden Jubilee by breaking all its previous records in Safety and topping 25 million Safe working-hours without Lost Time Injury (LTI) on 30 April 2022; this Safety milestone came alongside exceeding 25 million metric tonnes (MT) in overall production since the Company began its operations in 1971.

Alba produces high-quality Aluminium products in the form of Standard and Value-Added Products (VAP)s, which are exported to more than 240 global customers through its sales offices in Europe (Zurich), Asia (Hong Kong & Singapore) and subsidiary office in the U.S. Alba is dual listed on Bahrain Bourse and London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), SABIC Industrial Investments Company (SIIC) (20.62%) and General Public (10%). Alba holds globally-recognised certifications such as ISO 9001, ISO 14001, ISO 27001, ISO 45001, IATF 16949:2016, ISO 22301:2012 Business Continuity Management System (BCMS) and ASI Performance Standard Certification and Ecovadis Certification.

As the first Aluminium smelter in the Middle East, Alba has been a major contributor to the social, industrial and economic development of the Kingdom of Bahrain. Alba sits at the heart of a thriving Aluminium downstream sector in Bahrain, which accounts for approximately 12% of the Kingdom's GDP. As one of the biggest national companies, Alba has ensured not only the employment of Bahrain nationals (84% in 2021) but also the enhancement of their capabilities through education, training and development initiatives at every stage of their career.

Alba is recognised as one of the top industrial companies in the world with high standards in Environment practices, Social contribution and Corporate Governance. Launched in February 2022, the Company’s ESG Roadmap outlines 6 priority areas - (1) Decarbonisation, (2) Green Energy & Aluminium, (3) Circular Economy & Secondary Aluminium, (4) Employee Welfare, (5) Collaboration & Partnership and (6) Transparency, Communications & Due Diligence. Since its inception, Alba has invested into numerous environment, sustainable and socio-economic development projects that have had a positive impact on the society. Alba’s recent projects such as the first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant and the upcoming 5-7 MW Solar Farm Project are tangible efforts to meet the goals of Bahrain’s Economic Vision 2030 as well as the Net Zero Carbon targets led by HRH the Crown Prince and Prime Minister of Bahrain. Alba will play a crucial role in the upcoming Aluminium Downstream Park, which will increase the contribution of non-oil sectors to the GDP of Bahrain.

Alba’s motto ‘Safety First, Safety Always’ has ensured that the Safety and well-being of its employees and contractors’ workforce remain a top priority. The Company has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA Gold Award (9 years in a row) and International Safety Award with Merit from British Safety Council. Alba has also been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas, Best Corporate Governance Award by Ethical Boardroom.

Alba Power Station 5 Block 4 Expansion Project

Alba Power Station 5 (PS5) Block 4 is a Combined Cycle Power Plant that is an expansion of the existing PS 5.

PS5 Block 4 Project is the addition of a fourth Block of similar 1:1:1 configuration with J-class gas turbine technology and with minimum nominal ISO rating of a 680.9 MW and includes tie into the existing 220kV Substation. The efficiency of this combined cycle power plant is much higher than the combined cycle power plants of PS3 and PS4. On completion of PS5 Block 4 Expansion Project, the capacity of PS5 will increase from 1,800 MW to 2,481 MW.

Mitsubishi Power & SEPCO III consortium will be responsible to design, engineer, procure, construct and commission Block 4. PS5 Block 4 commercial operations are expected to begin in Q4 2024.

Alba External Grievance Mechanism

Alba’s External Grievance Mechanism receives and facilitates the resolution of any affected communities’ concerns and grievances about Alba’s Environment and Social (E&S) performance. External grievances about Alba’s E&S performance can be logged via the Alba Integrity Line - an independently operated confidential reporting hotline in multiple languages - via a toll-free phone system or via the intranet 24 hours a day.

Alba Response to COVID-19 Pandemic

 Alba’s response strategy to COVID-19 was initiated back to January 2020 in line with the guidelines of Bahrain National Taskforce for Combating Coronavirus (COVID-19). The Company was able to maintain safe operations throughout 2021 thanks to its nimble workforce – employees and contractors’ personnel.

For further details, please contact
Eline Hilal
Director, Investor Relations, Insurance & Corporate Secretary
Investor Relations Department
E-mail:   eline.hilal@alba.com.bh
Website: www.albasmelter.com
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