Aluminium Bahrain B.S.C. (Alba) continues to focus on meeting its growth targets despite tough LME market prices, according to the Chairman of Alba’s Board of Directors, Mahmood Hashim Al Kooheji.
The Chairman also presided over the Alba Board of Directors second quarterly meeting for the year 2013 in which the board appointed Ali Al-Baqali as Chief Financial Officer.
“I am happy to welcome Ali Al-Baqali as a key member of the Executive Leadership Team. We are confident that with his wealth of financial and procurement knowledge Ali will play a major role in the continued success at Alba,” Al Kooheji, added.
The board meeting examined matters arising from the previous meeting, discussed various strategic and operational issues, reviewed and approved 2013 Mid-Year Forecast as well as the first quarter financial statements along with the changes in the Company’s Authorised Signatories List.
During the meeting, the Board Strategic Committee gave a progress update on the Line 6 Bankable Feasibility Study.
In addition, the Board reviewed the management report as well as reports prepared by the Human Resources Committee and the Board Audit Committee, while updates were also given on reports related to safety awareness across the entire plant.
The Alba Board of Directors comprises six directors appointed by Bahrain Mumtalakat Holding Company, which in addition to the Chairman of the Board, Al-Kooheji, include Fawzi Ahmed Kanoo, Yusuf Abdulla Taqi, Shaikh Mohammed bin Khalifa Al Khalifa, Osama Mohammed Al Arrayedh, and David Meen. The two directors appointed by Sabic Industrial Investments Company are Mutlaq Hamad Al Murished, and Dr Talaat Dhafer Al Qahtani, and the independent director, Abdul Aziz Al Humaid.
The Chairman of Alba’s Board of Directors, Mahmood Hashim Al Kooheji expressed his sincere thanks and appreciation to the Government of Bahrain, led by His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness the Prime Minister Prince Khalifa bin Salman Al Khalifa, and His Royal Highness the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, Prince Salman bin Hamad Al Khalifa.
Al Kooheji also expressed his gratitude for the continuous support of the Kingdom of Saudi Arabia and the Custodian of the Two Holy Mosques King Abdullah bin Abdul-Aziz Al Saud.
The meeting was attended by Alba’s Senior Executive Management Team as well as other company officials.
The Board expressed thanks and appreciation to the Senior Executive Management Team, the managers, Alba employees and their representatives in the Alba Labour Union for their support to enhance and develop the company’s operations.