Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter on one site, held its 16^th Annual General Meeting (AGM) on Thursday, 12 March 2026, via virtual attendance, in accordance with applicable regulations. The meeting was chaired by His Excellency Mr Khalid Omar Al Rumaihi, Chairman of Alba’s Board and attended by Alba’s Board of Directors, Executive Management, shareholders, and representatives from regulatory authorities.

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During the meeting, the shareholders reviewed and approved the minutes of the previous AGM held on 12 March 2025, together with the Board of Directors’ Report on Alba’s business activities and the consolidated financial statements for the year ended 31 December 2025.

Approvals were given to the distribution of cash dividends to shareholders at Fils 54.06 per share, equivalent to 54.06 per cent of the paid‑up capital, amounting to BD76.5 million (inclusive of the interim dividends of Fils 10.55 per share distributed to the shareholders by 27 August 2025). The final dividend of Fils 43.51 per share will be paid to the shareholders - at the record date of 25 March 2026 - from 08 April 2026. In addition, the shareholders approved and authorised the Board of Directors to declare and pay interim dividends during future financial years, subject to defined conditions relating to profitability, solvency, and external auditor review.

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Approvals were also given to the Board of Directors’ total remuneration of BD420,000 for the year ended 31 December 2025 and the transfer of BD142,142,539 to the Retained Earnings. The Report of the Board of Directors for the year ended 31 December 2025 was approved, while the External Auditors’ Report for the Financial Statements for the year ended 31 December 2025 was reviewed during this meeting. In addition, the 2025 Corporate Governance Report was tabled before the shareholders for approval, and Ernst & Young was reappointed as the Company’s External Auditors for 2026.

During the AGM, the shareholders approved the appointment of six Directors by Bahrain Mumtalakat Holding Co. B.S.C. ©: HE Khaled Omar Al Rumaihi, Shaikh Isa bin Khalid Al Khalifa, Mr Omar Syed, Mrs Roselyne Renel, Mrs Rasha Sabkar, and Mr. Riccardo Picca; the appointment of one director by Saudi Arabian Mining Company (Ma’aden) - Mr Ahmed Al Shaikh. In addition, the shareholders elected 3 Directors, Mr Bruce Cox, Mr Khaled Al Rowais and Mr Armando Martinez as independent board Directors for the next term of three years (2026-2029).

As part of the AGM agenda, the shareholders approved the proposed acquisition of 100 per cent of Aluminium Dunkerque Industries France, subject to regulatory approvals. The shareholders further authorised the Board of Directors to execute all related transaction documentation, financing arrangements, and guarantees in connection with the transaction.

Commenting on the occasion, His Excellency Mr Khalid Omar Al Rumaihi, Chairman of Alba’s Board of Directors, said:

“I take the opportunity to thank the former Board members for their valuable contributions during the last term, a period that reflected Alba’s progress across operational excellence, financial strength, ESG leadership, and the execution of important growth priorities.

I also warmly welcome the new Board members and look forward to working alongside them and the Executive Management team as we advance Alba’s strategic agenda, including the proposed acquisition of Aluminium Dunkerque. This transaction represents a strategic inflexion point for Alba, expanding our footprint into Europe and advancing our ambition to build a geographically diversified, low‑carbon aluminium platform.”

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Note: This article has been issued by Alba and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.