Ma'aden completed the acquisition of a 20.62% stake in Aluminium Bahrain from SABIC for BHD363.1m.

Ma'aden, a Saudi state-owned mining company, completed the acquisition of a 20.62% stake in Aluminium Bahrain, a Middle East aluminum smelter, from SABIC, a Saudi chemical and steel manufacturing company, for BHD363.1m. "We are pleased to welcome Ma’aden as a strategic shareholder in Alba. This landmark transaction underscores Alba’s operational excellence and growth potential. Together with Ma’aden, we will unlock synergies that strengthen our competitive edge globally while advancing our shared commitment to sustainability and innovation," Khalid Al Rumaihi, Aluminium Bahrain Chairman of the Board.