Aluminium Bahrain (Alba)’s shareholders on Wednesday elected Abdul Aziz Al Humaid as a new member to the company’s Board of Directors following an ordinary general meeting of the shareholders held on Wednesday.
The election of the new board took place during the ordinary general meeting of the shareholders at the Alba Club premises in Buhair.
The meeting was held after Alba began trading its shares on the Bahrain Stock Exchange and London Stock Exchange.
“Our meeting with Alba’s shareholders for the first Ordinary General Meeting after the IPO gave us an opportunity to thank them for choosing to invest in Alba and thereby expressing their confidence in the company’s growth,” Mahmood Hashim Al-Kooheji Chairman Alba said while commenting on the election of the new board member.
“It will be our pleasure to respond to any queries that they may have about the company and steps being taken to enhance efficiency and increase competitiveness,” he added.
“I like to congratulate Abdul Aziz Al Humaid on being elected as a member of the Alba Board of Directors.”
Abdul Aziz Al Humaid is currently the Executive Vice-President, Metals at the Saudi Basic Industries Corporation (SABIC). He is the Chairman of the Board of two Sabic affiliates: Saudi Iron and Steel Company, and National Industrial Gas Co. He is also a member of the Board of two companies in which Sabic is a major shareholder: Marafiq, Jubail and Garmco, Bahrain.
Al Humaid has been a Board Director at Alba from April 2009 to November 2010. He has been a member of Board Audit Committee and the Board Human Resources Committee since June 2009.
Alba is the fourth largest individual aluminium manufacturer with an annual production capacity of more than 860,000 tonnes a year. The company reported a net profit of over $200 million in the first half of the year, and currently produces approximately 35 per cent of the GCC’s total aluminium production.