CEO

Chairman Message

The year 2025 was a defining chapter in Alba’s transformation journey.

  • In a challenging macroeconomic environment, we strengthened our foundations, sharpened our strategic focus and delivered solid results, all while maintaining operational stability and advancing the initiatives that will shape our long‑term competitiveness. Our performance reflects the discipline of our teams, the strength of our culture and the clarity of our strategic direction.
  • From a financial standpoint, Alba closed 2025 with strong momentum. We delivered a full‑year profit of BD218.7 million, representing an 18.5% year‑on‑year increase, supported by higher production, record sales volumes and disciplined cost management. Earnings per share increased to 154 fils, up from 130 fils in 2024, underscoring our ability to convert operational strength into tangible shareholder value. This performance culminated in the highest quarterly profit in Alba’s history, achieved in the fourth quarter of 2025. This exceptional outcome enabled us to accelerate the servicing of outstanding loans and to confidently recommend a higher final dividend tranche for our shareholders, reinforcing our commitment to sustainable value creation.
  • Quotes Looking ahead, our ambition is simple and demanding to grow, to decarbonise, and to ensure that every success we achieve leaves a positive impact on Bahrain and its people. Quotes

    Khalid Al Rumaihi,
    Chairman of the Board

  • A key milestone in 2025 was Ma’aden’s entry into Alba’s shareholder base, following its acquisition of SABIC’s stake. This development opens a new chapter in regional industrial partnerships and signals strong confidence in Alba’s future. It creates a platform for deeper collaboration,
  • shared expertise and greater integration across the aluminium value chain, aligned with the ambitions of both Bahrain and Saudi Arabia to build more diversified and globally competitive industrial ecosystems.
  • Sustainability remained central to our agenda. Alba became the first company in Bahrain to join the Sea Cargo Charter, reinforcing our commitment to responsible shipping and transparent climate reporting. This step complements our broader decarbonisation roadmap, which is guiding targeted investments in energy efficiency, emissions reduction and circularity as we align with the Kingdom’s long‑term climate objectives.
  • We also moved decisively to reinforce supply chain resilience and secure long‑term access to critical raw materials. Our MoU with Epsilon Carbon, the renewal of our alumina supply agreement with Hydro, and our collaboration with Shandong Innovation Group and BlueFive Capital all support a more robust and flexible sourcing strategy. In parallel, our engagement with Metallurgical Industries Holding Co. in Egypt opens the door to potential cooperation on an alumina refinery, consistent with our objective to strengthen upstream capabilities and contribute to regional industrial development.
  • As we look ahead to 2026, Alba enters the new year stronger, more resilient and better positioned to capture emerging opportunities across the aluminium value chain. The progress achieved in 2025 is a testament to the dedication of our people, the trust of our shareholders and the unwavering support of the Government of the Kingdom of Bahrain. Building on this momentum, we will continue to advance our strategy, deepen strategic partnerships and shape a sustainable and prosperous future for Alba and for the Kingdom.
  • In closing, I extend my sincere thanks and deepest gratitude to the visionary leadership of His Majesty King Hamad bin Isa Al Khalifa, the King of the Kingdom of Bahrain, and His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. I also wish to express my appreciation to the Governments of the Kingdom of Bahrain and the Kingdom of Saudi Arabia for their continued and invaluable support, which has been pivotal to Alba’s success and will remain so as we pursue our strategic ambitions. I further thank my fellow Board members for their dynamic leadership, our Executive Management Team for their unwavering commitment, and, most importantly, our exceptional employees, whose dedication and professionalism form the bedrock of Alba’s achievements.
  • Khalid Al Rumaihi Chairman of the Board