Manama, December 1 (BNA): Aluminum Bahrain B.S.C. (Alba), the world’s largest aluminum smelter outside of China, has in-person board meeting for the fourth quarter of 2021, in line with COVID-19 protocols and guidelines issued by Bahrain. The National Medical Task Force to combat the Corona Virus, on Wednesday, December 1, 2021 in the Alba Oasis Hall.
The meeting was initiated by Alba’s Chairman of the Board, Sheikh Daij bin Salman bin Daij Al Khalifa: “He thanked the management team and everyone in the workforce for Alba’s record performance during the 9 months of 2021 and stated that Alba is on the right track to set new standards by ending 2021 with a strong finish.” .
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We are also pleased to issue a limited follow-up notice, subject to a successful financial close, to Mitsubishi Consortium & SEPCO III to be the Engineering, Procurement and Construction Contractor for Additional Complex 4 at Power Plant 5.
As we chart our path towards integrating Environmental, Social and Corporate Governance into every aspect of our business to meet Bahrain’s green national initiatives, the Power Plant 5 – Block 4 will bring us one step closer in our race towards highly efficient decarbonization and lower greenhouse gas (GHG) emissions.
Block 4 will add 680.9 MW to 1,800 MW of Power Plant 5 and raise its total capacity to 2,480 MW. “
During the fourth quarter board meeting, the Board of Directors approved the following:
Marketing plan 2022
2022 annual operating plan
– Cut-off agreement with South32 for the supply of alumina over 10 years from 2023 to 2032
– The proposed schedule for the year 2022 for the meetings of the Board of Directors and committees
In addition, the Board of Directors approved the minutes of the previous Board meeting held on September 29, 2021, as well as a review of the reports of the various Board committees (Executive Committee, Board Audit Committee, Nomination, Remuneration and Corporate Governance Committee).
During the meeting, Alba’s management highlighted the company’s overall performance in light of market conditions and shared insights with regard to total sales despite logistical challenges, VAP sales, safety and ESG, plant performance, financial performance to date, the Piggy Bank, and progress In the construction of the Spent Lining Treatment Plant as well as updates on Alba’s 5-year strategic initiatives.
Including the Chairman of the Board, Sheikh Daij bin Salman bin Daij Al Khalifa, Alba’s Board of Directors consists of six members appointed by Bahrain Mumtalakat Holding Company B.S.C. © – Mr. Youssef Abdullah Taqi, Mrs. Suha Karazon, Sheikh Isa bin Khalid Al Khalifa, Mr. Tim Murray and Ms.
Rasha Saber. The three board members appointed by SABIC Industrial Investments are Mr. Ahmed Al-Darian, Mr. Iyad Al-Qarawi and Mr. Omar Al-Amoudi, and one elected member is Mr. Mutlaq Al-Morished.
AOQ