AS&H Clifford Chance Advised Ma’aden On Strategic Acquisition Of Alba Shares

AS&H Clifford Chance Advised Ma’aden On Strategic Acquisition Of Alba Shares

AS&H Clifford Chance has advised Saudi Arabian Mining Company (Ma’aden) on the acquisition of 20.62% of Aluminium Bahrain B.S.C. (Alba) from SABIC Industrial Investments Company. The sale and purchase agreement was executed on September 17, 2024, with the transaction successfully completed on February 19, 2025.

Alba, one of the world’s largest aluminium smelters, is engaged in the production and sale of aluminium both within and outside Bahrain. This acquisition aligns with Ma’aden’s long-term vision to expand its operations tenfold by 2040 and supports Saudi Arabia’s Vision 2030 strategy, which positions mining as the third pillar of the national economy. The investment strengthens Ma’aden’s aluminium business, reinforcing its role in the global and regional aluminium market.

The AS&H Clifford Chance team advising Ma’aden was led by Partners Mansoor Alhagbani and Omar Rashid, supported by Senior Associates Muhammad Ansab and Haifa Al Damegh. Selman Ansari provided counsel on the antitrust aspects of the transaction.

ASAR – Al Ruwayeh & Partners advised on Bahraini law matters.

This transaction marks another significant milestone in Ma’aden’s expansion strategy, enhancing its presence in the international aluminium industry.