Aluminium Bahrain

Stock performance

History

Aluminium Bahrain, known as Alba, was founded as one of the first aluminum smelters in the Middle East, built to diversify Bahrain's economy beyond its comparatively modest oil reserves, and grew into one of the largest aluminum smelters in the world by production capacity.

Business model

Alba smelts aluminum from imported alumina using Bahrain's relatively low-cost natural gas for energy, exporting aluminum products to markets across the Middle East, Asia, and beyond as one of the country's largest non-oil industrial exporters.

Market position

Alba is one of the largest single-site aluminum smelters in the world by production capacity, a striking industrial achievement for a country as small as Bahrain, and a deliberate outcome of decades of government strategy to build non-oil industrial capacity.

Country impact

Alba is one of the most economically significant companies in Bahrain outside the oil and financial-services sectors, and its scale is frequently cited as validating the country's early strategic decision to diversify into energy-intensive industrial manufacturing.