SICO successfully facilitated a USD 1 billion transaction enabling Ma’aden to acquire a 20.62% stake in Aluminum Bahrain B.S.C. (ALBA), marking a significant expansion in Ma’aden’s aluminum business.

Target Information

Aluminum Bahrain B.S.C. (ALBA) is a prominent aluminum producer in the Middle East, renowned for its established operations and competitive edge in the global market. With a market capitalization of around BHD 1.5 billion, ALBA plays a significant role in the aluminum industry and is listed on the Bahrain Bourse. The company is recognized for its innovative production techniques and commitment to sustainability, enhancing its reputation as a leader in the aluminum sector.

The recent acquisition by the Saudi Arabian Mining Company (Ma'aden), which has now become ALBA's second-largest shareholder with a 20.62% stake, underscores the strategic importance of ALBA within the aluminum industry in the region. Ma’aden, the largest mining company in Saudi Arabia, aims to leverage its stake in ALBA to further expand its aluminum business and support its ambitious growth targets.

Industry Overview in Bahrain

The aluminum industry in Bahrain is a critical sector within the national economy, contributing significantly to both employment and export revenues. Bahrain has positione