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26/02/2018 05:38 AST
Aluminium Bahrain (Alba), owner of one of the world's largest aluminium smelters, will raise by the end of this year's first quarter the final debt amount needed to fund its Line 6 expansion project, a company official said. With Line 6, Alba will become the world's largest single aluminium smelter complex, increasing production capacity by 540,000 metric tonnes to a total capacity of 1.5 million tonnes per year, the company says.
The project involves capital expenditure of around $3 billion (Dh11 billion). Of this amount, $1.5 billion was funded through a syndicated loan raised in 2016, $400 million was funded internally, and $700 million was borrowed last year through loans guaranteed by export credit agencies.
Gulf News
03/04/2018
Aluminium Bahrain B.S.C. (Alba), one of the world's leading smelters for promoting safety culture, is the proud recipient of the Gulf Safety Forum Award during its second edition which was held from
Biz Bahrain
15/03/2018
Aluminium Bahrain (Alba), an international aluminium smelter, said its position as one of the world's top aluminium producers and its significant contribution to the Bahrain's economy were discussed
Trade Arabia
19/02/2018
Aluminium Bahrain (Alba) chief executive officer Tim Murray held a one-day workshop 'Tomorrow will be different than Today', based on the former Saudi Arabian Minister of Petroleum and Mineral Resour
Trade Arabia
| Ticker | Price | Change |
|---|---|---|
| SABIC | 73.10 | 0.40 (0.55 |
| MAADEN | 53.60 | 2.20 (4.28 |
| SABICAGRINUTRIENTS | 118.00 | 1.80 (1.54 |
| MARBLEDESIGN | 83.50 | 0.00 (0.00 |
| LIMEINDUSTRIES | 12.18 | 0.38 (3.22 |
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.