MANAMA: Alba is actively seeking to expand its products’ portfolio and increase sales with a major emphasis on the US market, with line 6 fully on-stream, chairman Shaikh Daij bin Salman Al Khalifa has said.
“In addition, we aim to have a strong finish in 2019 as our production will top 1.35 million tonnes for the first time in Alba’s history thanks to the safe and progressive ramp-up of Line 6, while at the same time, we intend to achieve 15m working hours without lost time injury by year-end 2019.”
The chairman said this during the company’s fourth quarterly board meeting for 2019 held yesterday.
During the meeting, the board of directors reviewed the reports of the executive committee, board audit committee and the nomination, remuneration and corporate governance committee.
In addition, the board approved the 2020 annual operating plan and Q3 2019 financial statements. Updates were also given by the executive management on safety, operational and financial performance on the back of current market conditions and Project Titan – Phase IV as well as overall industry outlook.
The Alba board comprises six directors appointed by Mumtalakat – Yousif Taqi, Osama Al Arrayedh, Yaser Humaidan, Dr Mohamed Kameshki and Suha Karzoon.
The two directors appointed by Sabic Industrial Investments are Ahmed Al Jabr and Ali Al Shamrani while Omar Al Amoudi and Mutlaq Al Morished are the two elected directors.
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