Multinational Aluminium Bahrain B.S.C., known as Alba, received the recognition of ‘Metals & Mining Deal of the Year’ at the 2023 Bonds, Loans & Sukuk Middle East Awards held in early June at the Madinat Jumeirah Conference Center, located in Dubai. This smelter is the second largest in the world, after China.
During the award ceremony where Alba was present, Ali Al Hanan, Alba’s chief treasurer, received the award on behalf of the entire company. Likewise, Ali Al Baqali, Alba’s commanding director, revealed his emotions when he commented on the results received at the award, showing his enthusiasm.“We are honored to have received this special recognition, which attests to our ‘thinking outside the box’ approach with our loan refinancing and linking it to ESG objectives. We believe sustainability knows no boundaries, as we aim to drive our efforts on all ESG fronts to meet the kingdom’s sustainability goals.”he said.
Since 2014, Alba has remained one of the best companies by receiving the Bonds, Loans & Sukuk Middle East Awards which aim to recognize those who achieve innovative financing. This year was particularly noteworthy for being the first Bahraini company to successfully complete the sustainability-linked refinancing for the Syndicated Loan Facility valued at over US$1.247 billion related to the Line 6 Expansion Project, which exceeded its expectations by obtaining a valid syndication for US$2.6 billion and having 21 collaborating banks.
