Saudi Arabian Mining Company (Ma'aden) has acquired a 20.6% stake from Saudi Basic Industries (Sabic) in Aluminium Bahrain BSC (Alba) after receiving regulatory approvals, becoming its new strategic shareholder.
The US$1 billion acquisition, with a financial consideration of around SAR 3.62 billion, strengthens Alba’s global aluminum leadership, with Bahrain Mumtalakat Holding Company and Ma’aden as key shareholders, improving the company’s future growth.
Ma'aden becomes new strategic shareholder of Alba
25 Feb 2025 15:07 reported by Joy Liu
- A
- A
- A