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Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, announced the promotion of Faeq Abdulrahim to Manager Strategic Supply & Planning on Thursday 6 July 2017.
Faeq Abdulrahim joined Alba in July 2011 as a Business Unit Controller with the Financial Accounting and Controlling Department. He was appointed as Head of Supply of Major Raw Materials in June 2016 followed by acting Manager of Strategic Supply and Planning in December 2016.
Speaking on this occasion, Alba’s Chief Executive Officer Tim Murray said:
“Alba takes great pride in promoting talented Bahraini professionals to decision-making roles. Faeq has excellent skills in procurement and contract management and has been delivering exceptional results.
I am confident that he will play a key role in Alba’s global strategic expansion initiatives and build strong relationships with our growing supplier base.”
Faeq holds a BSc. in Finance and Accounting from Boston College, USA, and an MBA from Vanderbilt University, USA. He is also a member of the Beta Gamma Sigma International Honor Society.
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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 971,000 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%).
About Line 6 Expansion Project:
Alba’s Line 6 Expansion Project is one of the largest brownfield developments in the region. Expected to begin production by early 2019, this Project will boost the smelter’s per-annum production by 540,000 metric tonnes, bringing its total production capacity to 1.5 million metric tonnes per year.
With a CAPEX of approximately US$ 3 billion, the Line 6 Expansion Project involves the construction of a sixth pot line utilising EGA’s proprietary DX+ Ultra Technology, a 1,792 MW power station and other industrial services.
Bechtel is the EPCM contractor for the Line 6 Expansion Project smelter. For Power Station 5 (PS 5), GE and GAMA Consortium was awarded the EPC contract, while Siemens is the Power Distribution System contractor. J.P. Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NBB) are the Financial Advisors for this Project.
In June 2015, Alba Board approved the Line 6 Expansion Project and in November 2015, Alba secured the natural gas supply for this Project.
Alba successfully closed a US$ 1.5 Billion syndicated term-loan facility in October 2016, comprising two tranches: Conventional Facility & and Islamic Facility. Alba also secured commitments of c. US$ 700 million from Export Credit Agency (ECA) supported facilities in April 2017. The Front End Engineering Design (FEED) study for the Project was completed in the first quarter of 2017 while the construction site-works have started in the second quarter of 2017 and will be completed by September 2017.
The Line 6 Expansion Project will make Alba the world’s largest single-site aluminium smelter and be a significant economic boost for the Kingdom of Bahrain due to the many co-investment opportunities through local and foreign aluminium investments.
For further details, please contact:
Shreedevi Menon
Public Relations Officer
Tel: (973) 1783 7357
E-mail: shreedevi@alba.com.bh
Website: www.albasmelter.com.bh
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© Press Release 2017
