Speaking at the company's quarterly meeting, which was held yesterday amidst the splendor of the Kempinski Grand and Ixir Hotel in Bahrain, Alba's chairman Mahmood Hashim Al Kooheji said that the company rode the storm and remained resilient by bolstering it's operational performance.
During the meeting, Alba's board approved the company's 2013 Annual Operating Plan and the Capital Expenditure plans for the new year. The company's corporate governance report and its Q3 2012 financial statements were also signed off.
In addition to reviewing Alba's overall performance, the company's board of directors also approved the launch of its Line 6 feasibility study. It is anticipated that the Line 6 expansion plan will boost total production capacity by 400kt, bringing total production capacity ot 1.3Mt per annum.