Aluminium Bahrain (Alba) held its virtual annual general meeting on March 12, where shareholders approved the minutes of the previous AGM, reviewed the Board of Directors’ report, and endorsed the consolidated financial statements for the year ended December 31, 2025.
The meeting was significant as it included approvals for cash dividends totaling Fils 54.06 per share, representing 54.06% of paid-up capital and amounting to BD76.5 million. This figure includes interim dividends already distributed by August 27, 2025. The final dividend of Fils 43.51 per share will be paid from April 8, 2026 to shareholders on record as of March 25, 2026. Shareholders also authorized the Board to declare and pay interim dividends in future years based on profitability, solvency, and auditor review.
Other approvals included total remuneration for the Board at BD420,000 for the year ended December 31, 2025 and transferring BD142,142,539 to retained earnings. The Corporate Governance Report for 2025 was presented for approval and Ernst & Young was reappointed as external auditors for another year.
During the AGM, six directors were appointed by Bahrain Mumtalakat Holding Co., one director by Saudi Arabian Mining Company (Ma’aden), and three independent directors were elected by shareholders for a three-year term from 2026 to 2029.
A key decision made during this AGM was shareholder approval for Alba’s proposed acquisition of Aluminium Dunkerque Industries France. This transaction is subject to regulatory approvals and authorizes Alba’s Board to execute all related documentation and financing arrangements.
Commenting on these developments, 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 inflection point for Alba, expanding our footprint into Europe and advancing our ambition to build a geographically diversified, low carbon aluminium platform.”
The decisions taken at this AGM mark an important step in Alba’s ongoing strategy toward international expansion.
