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National Bank of Bahrain partners with Eagle hills Diyar to provide customers with special offers on Marassi al Bahrain project

The signing ceremony was held on 18th February 2020 at the EHD Sales Centre in  Marassi Al Bahrain . The

SICO appointed as Bahrain receiving agent, cross-listing advisor for KFH's offer to acquire 10% of Ahli United Bank

The cross-border acquisition would create a regional banking powerhouse that is set to become the world's largest Islamic bank in terms of assets

SICO appointed as Bahrain receiving agent, cross-listing advisor in KFH’s offer to acquire Ahli United Bank

Bahrain Execution Advisor, and Cross-Listing Advisor for Kuwait Finance House's Offer to Acquire 100% of Ahli United Bank

Alba appoints new Director of Administration

Hamad Alshaibeh as the new Director of Administration, following the Board Meeting held on 13 February 2020.

Alba announces its financial results for the fourth quarter and full-year of 2019

Q4 2019 and Full-Year 2019 Financial Performance

GFH reports net profit of US$ 80.1 million attributed to shareholders for 2019.

Board recommends 5.57% dividends to shareholders

More than 140 employees complete their Training Program as per Alba's Master Training Plan

In line with Alba's Master Training Plan, the employees were identified for internal promotions based on their Skills Matrix and Training & Development Programme (TDP) as well as their initiatives at work and potential for growth.

Bank ABC announces 2019 results

Net Profit of US$194 Million, Attributable to the Shareholders of the Parent

2019: Alba Sales' Volume & Production surge by 33% YoY & 35% YoY

For the fourth quarter of 2019, metal sales' volume reached 405,259 mt, up by 54% YoY, versus 262,346 mt in Q4 2018, production figures reached 401,175 mt, up by 62% YoY versus 248,149 mt in the same period of 2018. 

Al-Mukhaizeem: KFH Invested strongly in innovation, launched smart financial solutions

Zahran: Group C/I ratio continued to improve

Investcorp reports solid fee income and AUM growth to US $31.1 billion

Driving higher fee income with strong organic growth in assets under management and robust levels of investment and fundraising activity

Alba holds first Leadership Workshop of 2020 - 'One Team, One Goal'

Held in cooperation with Bahrain Institute of Banking and Finance (BIBF), the one-day team building Workshop comprised a series of group interactive activities, focusing on four key areas -- enhancing team spirit, creative problem solving, negotiation and time management -- all of which will help transform leadership skills and find new pathways to meet the Company's goals.

Alba receives Bronze medal from EcoVadis

Based on international CSR standards including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000, covering 190 spend categories and 150 countries, the EcoVadis certification takes into consideration four areas: Environment, Labor Practices, Fair Business and Sustainable Procurement.

GFH financial group b.s.c. Successfully prices landmark US$ 300 million 5-year Sukuk

GFH Financial Group B.S.C. accesses the international debt capital market with 47% of the sukuk issuance allocated to international investors

INJAZ Bahrain and BMMI sign an MoU

In-line with Bahrain's Economic Vision 2030 goals for continued economic development, this agreement will enable students to pursue their goals, prepare for a successful future and will empower Bahraini youth to succeed in the global economy.

Sico's Bahrain liquidity fund ends 2019 with a boost to liquidity and performance on the Bahrain bourse

The BD 42.5 million Bahrain Liquidity Fund was established in 2016 with the aim of improving the Bahrain Bourse's average daily trading volume

Kuwait Finance House (KFH) press release on the acquisition of Ahli United Bank B.S.C.

Ordinary and Extraordinary General Assembly Meetings And Public Press Conference

Alba successfully achieves ASI Performance Certification

Alba is the second Gulf-based aluminium smelter to have achieved this Certification, which covers both the Smelter site as well as the Calciner plant.

Seef Properties hosts Group of Retired Employees

The event was organized by Seef Properties' CSR Sub-Committee and General Coordinator of the Retiree Festival and Author Mr. Saleh bin Ali

Success of National Bank of Bahrain B.S.C.'s offer to acquire up to 10% of the issued and paid up ordinary shares of Bahrain Islamic Bank B.S.C..

NBB's offer for BisB closed successfully on 15th January 2020

Alba's ACEO Ali Al Baqali kicks-off the 'Annual Majlis' 2020

An opportunity for the ACEO to communicate with the employees vis-à-vis two-way communication, the Annual Majlis is a platform to engage with Alba's workforce whose common interests revolve around the Aluminium industry and its contribution to Bahrain.

Seef Properties announces partnership with AFS to launch a Gift Card application by Q3 2020

Seef Properties appointed AFS to design and develop the mobile application and manage its electronic financial operations.

4 days left for submissions of acceptances for the NBB offer to acquire BISB

Offer closes on January 15, 2020

Alba sets new production record as it goes above 1.36 million metric tonnes for the first time

In addition, 2019 was an exceptional year in terms of Safety as the Company achieved Zero Fatality and Zero Lost Time Injuries (LTIs)

National Bank of Bahrain offer to acquire Bahrain Islamic Bank receives the required minimum threshold of BISB shareholders acceptances and is now unconditional as to acceptances

Therefore, the condition of 70% ownership by NBB of the issued share capital of BISB has been met as confirmed by SICO the Issue Execution Advisor, Receiving Agent and Allotment Agent.

GFH holds Ordinary General meeting of shareholders

The meeting, which was attended by shareholders, GFH's Board, management and employees as well as members of the media, was presided over the Group's CEO Mr. Hisham Alrayes.

Alba line 6 performs above expectations

Further, Alba is also pleased to state that selected pots in Potline 6 passed the final performance tests with results exceeding the guarantees under the Technology Transfer Agreement between Alba and Emirates Global Aluminium (EGA).

S&P initiates coverage of GFH with 'B' long-term issuer rating and stable outlook

The rating comes in line with the GFH's success in reshaping its business model in order to become a fully diversified financial group. 

Alba Signs Regain as the Technology Partner for its SPL Treatment Plant

Aluminium Bahrain B.S.C. (Alba), the world's largest aluminium smelter ex-China, has signed Australian-based Regain as the technology partner for its Spent Pot Lining (SPL) Treatment Plant

SICO named issue execution advisor, receiving agent, and allotment agent in national bank of Bahrain acquisition of Bahrain Islamic Bank

It is set to be one of Bahrain's largest transactions to date and comes amid a raft of mergers and acquisitions throughout the banking sector in the GCC as banks look to cost savings, synergies, and efficiencies

On behalf of His Royal Highness the Prime Minister, His Excellency Shaikh Khalid bin Abdulla Al Khalifa inaugurates the Arab International Aluminium Conference and emphasizes:

Kingdom of Bahrain remains committed to developing the aluminium industry and enabling Alba to compete globally  

Alba is privileged that His Majesty the King is patronizing the Line 6 Expansion Project and gracing the Inauguration Ceremony

Bank ABC announces nine months 2019 Net Profit of US$161 Million

Attributable to the Shareholders of the Parent

Batelco announces 2019 Q3 financial results

Batelco announced net profit attributable to equity holders of the company for Q3 2019 of BD10.2M (US$27.1M), a 41% decrease from BD17.3M (US$45.9M) for the corresponding period of 2018.

Alba Partners with BTI for customised-training programmes

A signing ceremony was held between Alba's Acting Chief Executive Officer Ali Al Baqali and BTI's Director General Dr. Samah Al-Ajjawi on 22 October 2019.

Alba unveils new custom-made Fire Truck

Designed and manufactured in the US, the Fire Truck was built in compliance with international fire safety standards as well as Bahrain's requirements to serve Alba's operational plants.

Batelco and du launch regional intelligent network provider, Arc

Arc simplifies and accelerates regional connectivity to data centre hubs across the Middle East

Alba Reports its Financial Results for Q3 and Nine-Months of 2019

Q3 2019 and Nine Months 2019 Financial Performance

NBB records 1.8% increase in net profits for the first nine months of 2019.

Operating income during the nine months witnessed an increase of 7.2% year-on-year to BHD 94.9 million (USD 252.4 million) compared with BHD 88.5 million (USD 235.4 million) for the same period in 2018

Alba holds press conference on ARABAL 2019

ARABAL 2019 is being held from 19 to 21 November 2019 at Gulf Hotel, Bahrain.

Entrepreneurship is the way young people create jobs and support the national economy

NGN Backs MEW.. AlAwadhi

Alba Posts Highest-Ever Quarterly Production & Sales' Volume

"With the double-digit growth in our Production and Sales' Volume, we are set for a strong finish to 2019. This year   is proving to be transformational for Alba as we will produce 1,350,000 mt for the first-time in history and deliver Line 6 into commercial operations." 

Alba launches master training plan for all its employees

Led by the Acting Chief Executive Officer Ali Al Baqali, this initiative aims to create a customised training plan that will meet the needs of every job and employee in the Company.

Mama shelter to settle in Bahrain in partnership with GFH financial group

Mama Shelter, the lifestyle hospitality brand to welcome its 13th property in 2020 in Manama, Bahrain

Alba participates in Global HSE Conference & Exhibition 2019 

The Conference is hosting plenary discussions and workshops on a variety of subjects that are critical to HSE Management globally and regionally while the Exhibition is showcasing latest technologies and solutions from HSE manufacturers.

Alba to establish first Spent Pot Lining Treatment Plant in GCC

A result of the co-operative efforts between Alba and Bahrain's Supreme Council for Environment (SCE), the SPL Treatment Plant is in line with Bahrain's National Waste Management Strategy led by HH Shaikh Abdulla bin Hamad Al Khalifa, Personal Representative of His Majesty King of Bahrain and President of the Supreme Council for Environment

GFH's long term ratings by CI ratings affirmed at 'BB' with a 'stable' outlook

Group's strong profitability, increased liquidity and sound leverage highlighted

Alba announces key partners for ARABAL 2019

Aluminium Bahrain B.S.C. (Alba) -- host of the of 23rd edition of the Arab International Aluminium Conference (Arabal) 2019 -- today 15 September 2019 announced Gulf Markets International W.L.L. (GMI) as the Platinum Sponsor and COBEX as the Gold Sponsor of this much-awaited event

Alba certified to ISO 27001:2013 Information Security Management System Standard

The ISO 27001 is an international standard that sets out the requirements for an Information Security Management System (ISMS). In order to achieve this certification, a company must demonstrate that it has a systematic and ongoing approach to managing security risks to the company's information systems.

Alba hits Historic Milestone of 10 million working-hours without LTI

A celebration was held at the Oasis Hall on 28 August 2019 to mark this occasion, which was attended by the Acting Chief Executive Officer Ali Al Baqali, Alba Executive Management team, employees and contractors across the plant