Alba holds its AGM/EGM 2023

Alba holds its AGM/EGM 2023

Manama (ALBH): Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on Sunday 26 February 2023 at Al Dana Hall, Alba, Askar, Kingdom of Bahrain. The meeting was chaired by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa in the presence of Alba’s Board of Directors and several members of the Executive Management, Alba shareholders and representatives from regulatory authorities.

During the meeting, minutes of the previous Ordinary General Meeting, which was held on 10 March 2022, were discussed and approved along with Alba’s Financial Statements for the year-ended 31 December 2022.

Approvals were given to the distribution of cash dividends to shareholders at Fils 117.58 per share or 117.58% of the paid-up capital (inclusive of the interim dividends of Fils 31.88 per share which was already distributed to the shareholders by 01 September 2022) which is BD166,428,697 for the year ended 31 December 2022. The final dividend of Fils 85.7 per share will be paid to the shareholders - at the record date of 06 March 2023 - from Monday 20 March 2023.

Approvals were also given to the recommendation of the Board