In the company's third quarterly meeting for 2012, Alba's board of directors ratified its approval of the appointment of BNP Paribas as financial advisor for its proposed Line 6 expansion project and approved the 2013 marketing plan.

Al Kooheji said that Alba's commitment to the principles of lean management and operational efficiency was at the heart of its efforts to achieve growth targets.

"This focus will, no doubt, mitigate the challenges posed by external variables and enable the company to continue it's healthy outlook for the remainder of the year," he said.