31 Mar 2011
(MENAFN) Alba’s chairman Mahmood Al Kooheji said that the company’s board of directors approved cash dividends at USD1.4 per share, totaling to USD200 million, reported Gulf Daily News.
The chairman said that the board instructed the transfer of USD36.658 million to statutory reserves and USD128.5 million to retained earnings.
The chairman also said that the company had promising forecasts for this year. Last year’s net profit stood at USD368 million, thus registering a 267 percent year-on-year increase.
It is worth noting that Alba operates in the field of aluminum production. The company benefited last year from the recovery the aluminum sector witnessed.
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more