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FINANCIAL NEWS
Aluminium Bahrain aims USD750mn loan
22 Jun 2016
(MENAFN) Aluminium Bahrain seeks for USD750mn loan in order to finance its line 6 expansion project.
Moreover, Alba will become the main single aluminium smelter complex, improving its annual output by 540,000 tons to 1.5mn tons per year.
The production is predicted to start by 2019 and Alba is raising almost USD3bn to help finance the scheme via a mixture of loans from banks.
In addition, the firm targeted USD3.5bn, but this was cut back due to lower oil and commodity prices.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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