Ma'aden becomes new strategic shareholder of Alba
Views : 297
Update time : 2025-02-25 16:43:51
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.
