Bahrains Alba On Track To Complete Debt Financing For Smelter Expansion -official
{{#if alert}}
{{msg}}
{{/if}} {{#if confirm}}
{{msg}}
{{/if}} {{#if email}}
Please enter a valid destination email id
{{/if}}
With Line 6, Alba will become the world’s largest single aluminium smelter complex
Manama: Aluminium Bahrain (Alba), owner of one of the world’s largest aluminium smelters, will raise by the end of this year’s first quarter the final debt amount needed to fund its Line 6 expansion project, a company official said. With Line 6, Alba will become the world’s largest single aluminium smelter complex, increasing production capacity by 540,000 metric tonnes to a total capacity of 1.5 million tonnes per year, the company says.
The project involves capital expenditure of around $3 billion (Dh11 billion). Of this amount, $1.5 billion was funded through a syndicated loan raised in 2016, $400 million was funded internally, and $700 million was borrowed last year through loans guaranteed by export credit agencies.
Currencies
As on
UAE Announces Updated Excise Tax Rules
UAE issues Cabinet Resolution No. 198 of 2025 amending Excise Tax rules to improve compliance and enhance procedures Th... Read more
DIFC Joins Global Privacy Forum To Strengthen Cross-border Data Governance
Membership of the Global Cross-Border Privacy Rules Forum reinforces Dubai’s ambition to be a leading hub for the dig... Read more
Mubadala Completes Acquisition Of Service Logic In Partnership With Bain Capital
Service Logic is headquartered in Charlotte, North Carolina, and is a leader in comprehensive commercial HVAC and build... Read more
Saudi Arabian Bank Credit Reached An All-time High Of $880 Billion
Saudi Central Bank’s monthly statistical bulletin says this is an annual increase of 13.6%; credit issued is distribu... Read more
E Point Zero Completes 100% Acquisition Of Egypts Maseera Holding
Abu Dhabi company buys out the remaining 5% ownership interest from Amro Abouesh, CEO and Founder, who will step down T... Read more
UAE Approves Budget, Outlines Financial Strategy For 2026
Board meeting chaired by Mansour bin Zayed focused on digital transformation, payment systems and regulatory developmen... Read more