Alba pleased with the progress of Line 6 Expansion Project

<p>Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, has been performing reasonably well in light of the market conditions, according to a statement issued by the Chairman of Alba&rsquo;s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa.<br /><br />The statement was made following the third quarterly meeting for this year, which was held on Wednesday, September 28, 2016 at Alba.<br />&nbsp;<br />Adding further, Shaikh Daij said: <br />&ldquo;We are pleased with the tremendous success of the recent US$1.5 billion financing which was the largest corporate loan in the history of the Bahrain.<br />Alba is focused on its future growth strategies and we remain committed to deliver Line 6 on schedule and below the budget.&rdquo;<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Alba%20BOD%20Meeting.jpg" alt="News" width="480" height="420" /><br />During the meeting, the Board approved the minutes of the previous meeting, which was held on June 1, 2016, the half-yearly financial statements as well as 2017 Marketing Plan.<br />In addition, the Board reviewed reports of the Executive Committee, Board Audit Committee, and the Nomination and Remuneration Committee while updates were also given on reports related to Safety, Financial Performance, Line 6 Expansion Project, Project Titan &ndash; Phase II and Industry Market trends.<br /><br />{googleAdsense}<br /><br />In addition to the Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Alba Board of Directors comprises six directors appointed by Bahrain Mumtalakat Holding Company - Yousif Abdulla Taqi, Osama Mohammed Al Arrayedh, Fahad Nasser Al-Hazzani, Dr. Mohamed Kameshki and Suha Karzoon. The two directors appointed by Sabic Industrial Investments Co (SIIC) are Fahad S. Al Sheaibi and Khalid Al-Garni and two independent directors, Abdul Aziz Al Humaid and Mutlaq Al-Morished. <br /><br /></p>