50. Aluminum Bahrain (Alba)

Country: Bahrain
Sector: Industrials
CEO: Ali Al Baqali
Market Value: $3.9 billion
Sales: $4.9 billion
Profits: $1.1 billion
Assets: $7 billion

Alba is the Middle East’s largest producer of aluminum, with a production of more than 1.6 million metric tonnes in 2022. The company is dually listed on Bahrain Bourse and London Stock Exchange, and it is 69.38% owned by Bahrain Mumtalakat Holding Company, while SABIC Industrial Investments Company owns 20.62%. In January 2023, Alba started its Solar Farm Project, which consists of around 11,300 solar panels to be fixed on its building over 37,000 m2, with a capacity of more than six megawatts per year. Two months later, it secured a sustainable financing loan of $4.3 million to establish its Solar Farm Project from the Bank of Bahrain & Kuwait (BBK).