Saudi Arabian miner Ma'aden and Bahrain's Alba explore a potential merger to create a large aluminium producer.
Saudi Arabian miner Ma'aden has entered a non-binding agreement with Bahrain's Alba to explore a potential merger, which could create one of the world's largest aluminium producers. This collaboration aims to enhance production capacity and economic ties between the two countries. It follows Ma'aden's recent $1.1 billion acquisition of Alcoa's stake in Saudi joint ventures. The merger is subject to various approvals and assessments before finalization.
September 16, 2024
23 Articles