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Alba's Q3 Profits Tripled to BHD 54.5 Million

  • Writer: Mohammed Oudah - MM (GHRGHAR GROUP)
    Mohammed Oudah - MM (GHRGHAR GROUP)
  • Nov 19, 2024
  • 1 min read

Updated: Dec 30, 2024

Alba’s Q3 profits tripled to BHD 54.5M, while profits for the first 9 months rose 56%. Ma'aden acquired SABIC’s 20.62% stake in the company.

Bahrain’s Alba (Aluminum Bahrain) reported a threefold increase in Q3 profits, reaching BHD 54.5 million. Over the first nine months of the year, the company’s profits rose 56% to BHD 147.5 million. Notably, Ma'aden acquired the full 20.62% stake in Alba held by SABIC, and the two companies signed an agreement to merge their aluminum operations under Alba.

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