Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, and Saudi Arabian Mining Company (Ma’aden) have mutually decided to discontinue discussions on a potential combination of Alba with segments of Ma’aden’s Aluminium Strategic Business Unit.  

 

Alba remains committed to its ambitious growth trajectory, leveraging its world class operations and strong market position to capitalise on the growing demand for sustainable aluminium, an Alba statement said. 

 

In September 2024, Alba board had approved for the company to enter into a non-binding agreement with Saudi Arabian Mining Company (Maaden) to commence due diligence towards a potential business combination involving segments of Maaden’s aluminium strategic business unit.

 

A statement issued at the time said this potential combination will reshape the global aluminium industry, positioning the merged entity as one of the largest aluminium producers worldwide. This partnership will create a larger, vertically integrated global champion with significant synergies offering advantages such as expanded production capacity; enhanced global presence; improved ESG performance; greater energy security; and significant shareholder value creation, it had said.

 

“During the due diligence period, both companies will exchange information and evaluate the strategic and financial benefits of a business combination. There is no assurance that these discussions will lead to a definitive agreement or a completed transaction,” I had added. -TradeArabia News Service