Kuwait Appoints First Female Court Session Secretaries

Kuwait has appointed its first group of...

Gunmen Attack Iraqi Oil Tanker In Northern Syria

An Iraqi oil tanker has been targeted...

Qatar Hosts UN Event On Women In Sport Empowerment

Qatar’s Permanent Mission to the United Nations...
HomeBusinessBahrainAlba AGM Approves...

Alba AGM Approves $202.6M Dividend and Strategic Expansion

Alba AGM dividend approval marks a significant milestone for Bahrain’s leading aluminium producer. Shareholders approved cash dividends of Fils 54.06 per share, totaling BD76.5 million ($202.62 million). This figure includes interim dividends of Fils 10.55 per share distributed on 27 August 2025.

The meeting was held virtually, in compliance with regulations, and included Alba’s Board of Directors, executive management, shareholders, and regulatory representatives. Shareholders reviewed and approved the previous AGM’s minutes and the Board’s report on business activities. They also endorsed the consolidated financial statements for the year ending 31 December 2025.

Additionally, the AGM authorized the Board to declare and pay interim dividends in future years, subject to profitability, solvency, and external auditor reviews. Shareholders also approved the Board’s total remuneration of BD420,000 for 2025 and transferred BD142,142,539 to retained earnings.

The meeting further confirmed key board appointments. Bahrain Mumtalakat Holding Co. appointed six directors, including Khaled Omar Al Rumaihi, Shaikh Isa bin Khalid Al Khalifa, Omar Syed, Roselyne Renel, Rasha Sabkar, and Riccardo Picca. The Saudi Arabian Mining Company (Ma’aden) appointed one director, Ahmed Al Shaikh. Moreover, shareholders elected three independent directors—Bruce Cox, Khaled Al Rowais, and Armando Martinez—for the 2026-2029 term.

A major highlight was the approval of the proposed acquisition of Aluminium Dunkerque Industries in France. Shareholders authorized the Board to execute all related agreements, financing arrangements, and guarantees, pending regulatory approvals. This acquisition expands Alba’s footprint into Europe and strengthens its geographically diversified, low-carbon aluminium platform.

Al Rumaihi expressed gratitude to the outgoing Board members for their contributions to operational excellence, financial strength, ESG leadership, and growth initiatives. He also welcomed the new directors and looked forward to advancing Alba’s strategic agenda alongside executive management.

Alba AGM dividend approval demonstrates the company’s commitment to shareholder returns, strategic growth, and international expansion. The decision reflects a strong financial position and a clear focus on long-term operational and market leadership.


Submit Your Article

Share your story with Khaleej Telegraph readers

Minimum 300 words recommended

Our editorial team will review your submission within 48 hours

Continue reading

Revolut Secures UAE Licences For Expansion

Fintech company Revolut has secured two key licences from the Central Bank of the United Arab Emirates, marking a major step in its planned expansion into the Gulf region. The company was granted a Stored Value Facilities licence and a...

UAE Sets Minimum Age 15 For Social Media Use

The United Arab Emirates has introduced new regulations setting the minimum age for social media use at 15, in a move aimed at strengthening online child protection and regulating access to digital platforms. Under the new rules, children under the...

Qatar Airways Expands Leadership For Growth Plan

Qatar Airways Group has announced a series of senior leadership changes as it continues its recovery and prepares for its next phase of global expansion. The airline said it has restored around 85% of its pre-crisis network, marking a key...