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Aluminium Bahrain B.S.C. (Alba) Management and Alba Labour Union announced that they reached an agreement on the BD 20 allowance, which will be submitted to the Alba Board for approval on June 10, 2015.
As part of the agreement, it was decided that the BD 20 allowance will be granted for year 2015 consistent with prior practice. It was also agreed to develop joint recommendations over the next 6 months to help the company manage cost challenges facing the aluminiumindustry.
Commenting on the agreement, Alba's Chairman of Board of Directors, Shaikh Daij Bin Salman Al Khalifa stated:
"We are pleased to find common ground with the Alba Labour Union on this subject. We look forward to working with the Union and developing ideas that will sustain Alba for future generations."
Also speaking on this occasion, Alba Labour Union Chairman Ali Bin Ali said:
"We are happy to have reached an agreement with the company on the BD 20 allowance. I would like to thank the Alba Chairman, Board of Directors and the Management for their constant support and listening to the concerns of the Alba workers. We have a long history of supporting the company and, I am confident that working together with the Management, we will find ways to improve the performance of the company."
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About Alba
Aluminium Bahrain B.S.C. (Alba) - one of the largest and modern aluminium smelters in the world - is renowned for its premium grade aluminium products, technological strength and innovative policies, strict environmental guidelines and high track record for safety. Established in 1971 as a 120,000 tonnes per annum smelter, Alba today produces more than 931,000 metric tonnes per annum of the highest grade aluminium, with products including standard and T-ingots, extrusion billets, rolling slab, properzi ingots, and molten aluminium.
Alba is listed on both the Bahrain Bourse and London Stock Exchange, and the company's shareholders are Bahrain Mumtalakat Holding Company (69.38%), SABIC Industrial Investment Company (20.62%) and the General Public (10%).
For further details, please contact:
Eline Hilal
Investor Relations Manager
IR Department
Tel: (973) 1783 5100
Fax: (973) 17833822
E-mail: eline.hilal@alba.com.bh
Website: www.albasmelter.com.bh
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© Press Release 2015
