30/03/2026 03:56 AST

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, confirmed early Sunday that its facility was targeted ?in an Iranian attack a day earlier, resulting in mild injuries to two of its employees.

Confirming the attacks, Alba said the safety and security of Alba's people remain its top priority and was now studying the extent of the damage to its facilities.

"Alba is assessing the extent of the damage to its facilities and remains focused on maintaining its operational resilience and the safety of its employees. The company will provide further updates, as required, in due course," said Alba in its statement.

The confirmation comes ?after Iran's Revolutionary Guards said they targeted Alba and Emirates ?Global Aluminium in response to attacks on two ?Iranian steel plants, reported Reuters.

The IRGC said, without elaborating, that the two ?companies had ties to US military and aeronautics firms.

Alba had initiated earlier in March a shutdown of three aluminium smelting lines accounting for 19% of its capacity to preserve ?business continuity amid ongoing disruption in the Strait of ?Hormuz.

It followed a force majeure by the company on March 4 since it ?was ?unable to ship metal to customers due to the closure of the strategic strait, said the Reuters report.

The closures are the latest impact on the Middle East aluminium sector, which accounts for around 9% ?of global supply, ?from the US-Israeli ?war on Iran.


Trade Arabia

Alba to acquire France's Aluminium Dunkerque in $2.2bn deal

04/06/2026

Aluminium Bahrain (Alba) has agreed to acquire Aluminium Dunkerque - the largest aluminium smelter in the European Union - in a deal worth $2.2 billion, a report in the Gulf Daily News said.

Trade Arabia

Alba Q1 net profit jumps 316% to $200.3m

14/05/2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has reported a profit attributable to equity holders of BD75.3 million ($200.3 million) for the first quarter of 2026, up

Trade Arabia

Alba cuts 19pc output as Hormuz closure disrupts trade

16/03/2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has initiated a controlled and safe shutdown of Reduction Lines 1, 2 and 3, which together represent 19% of Alba's total p

Trade Arabia

Ticker Price Volume
ALBH Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
MAADEN 59.00 0.45 (0.76%)
SABIC 55.30 0.10 (0.18%)
SABICAGRINUTRIENTS 127.20 1.20 (0.95%)
LUBEREF 130.00 0.80 (0.61%)
YANSAB 31.10 0.56 (1.83%)
Zain highlights digital readiness as key to Kuwait's capital market future

12/06/2026

Zain participated in a high-level roundtable discussion hosted by global media group The Business Year, in collaboration with the Kuwait Direct Investment Promotion Authority (KDIPA), under the title

Kuwait Times

Gulf Bank welcomes GUST students as they begin summer semester in person

12/06/2026

Gulf Bank welcomed students of Gulf University for Science and Technology (GUST) as they returned to campus for in-person classes at the start of the summer semester.

The Bank's team was pre

Kuwait Times

NBK warns against fake travel booking websites as holiday season approaches

12/06/2026

With higher travel rates during the summer season, National Bank of Kuwait warns its customers and the public against scams associated with fake travel and online booking sites, as part of its ongoin

Kuwait Times

2PointZero sells stake in TAQA to Abu Dhabi Power

12/06/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, today completed the sale of its full 7.29 percent stake in Abu Dhabi National Energy Company PJSC (TA

Trade Arabia

Emaar to unveil Dh200 billion Dubai masterplan for 150,000 residents

12/06/2026

Emaar Properties is preparing to unveil a Dh200 billion master-planned development in the heart of Dubai, in what the company says will be one of the largest urban districts it has ever conceived.

Gulfnews