The Annual General Meeting (AGM) of Aluminium Bahrain (Alba), recognised as the world’s largest single-site aluminium smelter, approved the distribution of cash dividends of Fils 54.06 per share to shareholders. This represents 54.06% of the paid-up capital and totals BD76.5 million ($202.62 million).
Alba noted that the dividend includes the interim dividend of Fils 10.55 per share that was distributed to shareholders on 27 August 2025.
The meeting was conducted virtually in line with applicable regulations and was chaired by Khalid Omar Al Rumaihi, Chairman of Alba’s Board. It was attended by members of the Board of Directors, executive management, shareholders, and representatives of regulatory authorities.
During the session, shareholders reviewed and approved the minutes of the previous AGM held on March 12, 2025, along with the Board of Directors’ report on the company’s operations and the consolidated financial statements for the year ending 31 December 2025.
Shareholders also granted approval and authorised the Board of Directors to declare and distribute interim dividends in future financial years, subject to specific conditions related to profitability, solvency, and review by external auditors.
Approval was further given for the Board of Directors’ total remuneration of BD420,000 for the year ended 31 December 2025, along with the transfer of BD142,142,539 to retained earnings.
During the AGM, shareholders approved the appointment of six directors nominated by Bahrain Mumtalakat Holding Co: Khalid Omar Al Rumaihi, Shaikh Isa bin Khalid Al Khalifa, Omar Syed, Roselyne Renel, Rasha Sabkar, and Riccardo Picca. They also endorsed the appointment of Ahmed Al Shaikh as a director nominated by Saudi Arabian Mining Company (Ma’aden). Additionally, Bruce Cox, Khaled Al Rowais, and Armando Martinez were elected as independent board directors for a three-year term from 2026 to 2029.
As part of the agenda, shareholders also approved the proposed acquisition of 100% of Aluminium Dunkerque Industries France, subject to the necessary regulatory approvals. The Board of Directors was authorised to complete all related transaction documentation, financing arrangements, and guarantees associated with the deal.
