Ma’aden to Acquire Sabic’s Stake in Aluminium Bahrain

Ma’aden

Strategic Growth in the Aluminium Sector

Saudi Arabian mining giant Ma’aden has agreed to purchase the 20.62% stake in Aluminium Bahrain (Alba) held by Saudi chemical manufacturer Sabic. This acquisition strengthens Ma'aden's regional and international presence in the aluminium industry, a key part of its aggressive growth strategy.

Expanding Ownership and Regional Integration

Ma'aden is not new to acquisitions. Earlier this week, the company announced it would buy Alcoa's 25.1% stake in the Ma’aden joint venture, giving it full control over Ma’aden Bauxite and Alumina and Ma’aden Aluminium businesses. This move positions Ma'aden to consolidate its aluminium business under one umbrella.

In a related development, Ma'aden and Alba signed a non-binding agreement to explore a potential combination of the two companies. This merger could create a “vertically integrated global champion,” according to Alba.

Ma'aden CEO Bob Wilt emphasized that the acquisition of shares in Alba supports Ma’aden’s long-term goals. “As we continue in our growth journey, the acquisition of shares in a highly experienced, well-developed regional and global aluminium player firmly supports our ambitions,” Wilt said.