{"id":89281,"date":"2025-02-21T00:00:00","date_gmt":"2025-02-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/"},"modified":"2025-02-21T00:00:00","modified_gmt":"2025-02-21T00:00:00","slug":"maaden-purchases-20-6-alba-stake","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/","title":{"rendered":"Ma\u2019aden purchases 20.6% Alba stake"},"content":{"rendered":"

<\/strong>Ma\u2019aden <\/strong>buys SABIC out of Bahrain\u2019s Alba in push towards green metals:<\/strong> Saudi Basic Industries (Sabic) wrapped up the sale of its 20.6% stake in Bahrain Bourse-listed Aluminium Bahrain (Alba) to Saudi Arabian Mining (Maaden) following regulatory approvals, according to two separate filings to Tadawul on Wednesday (here<\/a> and here<\/a>). Sabic lined up some SAR 3.6 bn in proceeds from the sale. <\/p>\n

This has been in the making for some time: <\/strong>Ma\u2019aden signed a share purchase agreement to acquire Sabic\u2019s entire 20.6% stake \u2014 about 292.8k ordinary shares \u2014 in Alba back in September<\/a>.<\/p>\n

REMEMBER- <\/strong>The two companies signed a non-binding Heads of Terms agreement back in September that would have seen the Saudi mining giant acquire a 51% stake<\/a> in Alba through a share swap to cross-list it on the Saudi Exchange last September, but both companies agreed to scrap the plan<\/a> last month. <\/p>\n

ICYMI- Alba is expanding its green aluminum production. <\/strong>The company partnered with Japan\u2019s Daiki Aluminium in August 2024<\/a> to develop a recycling facility for aluminum dross\u2014a byproduct of the smelting process\u2014to recover valuable metal and cut waste. Meanwhile, Alba is installing a 680.9 MW hydrogen-ready turbine<\/a>, the first of its kind globally, at its fifth power plant. The company is also working with Mitsubishi to develop CO2 capture technology<\/a>, aiming to remove 500k-1 mn metric tons of emissions per year by 2030.<\/p>\n

ADVISORS- <\/strong>Merrill Lynch KSA is the financial advisor, while AS&H Clifford Chance Law Firm is serving as the legal advisor. Moelis & Company UK is advising Alba on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The companies were originally on track for a merger before talks were halted abruptly last month<\/p>\n","protected":false},"author":1,"featured_media":89282,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[99,82,11,79,219,339,159],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-alba","tag-bahrain","tag-enterpriseclimate","tag-ma-watch","tag-maaden","tag-sabic","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"d03c4c68-bd53-426d-9026-4d1672045b11","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1402.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ma\u2019aden purchases 20.6% Alba stake","related_issue":[89276],"teaser":"The companies were originally on track for a merger before talks were halted abruptly last month","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.947438ba-faaa-4123-abb2-279679a17ee4.mp3"},"yoast_head":"\nMa\u2019aden purchases 20.6% Alba stake - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ma\u2019aden purchases 20.6% Alba stake\" \/>\n<meta property=\"og:description\" content=\"The companies were originally on track for a merger before talks were halted abruptly last month\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ma\u2019aden purchases 20.6% Alba stake\",\"datePublished\":\"2025-02-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/\"},\"wordCount\":260,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Alba\",\"Bahrain\",\"EnterpriseClimate\",\"M&A WATCH\",\"Maaden\",\"Sabic\",\"Saudi Arabia\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/\",\"name\":\"Ma\u2019aden purchases 20.6% Alba stake - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-02-21T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ma\u2019aden purchases 20.6% Alba stake\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ma\u2019aden purchases 20.6% Alba stake - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/","og_locale":"en_US","og_type":"article","og_title":"Ma\u2019aden purchases 20.6% Alba stake","og_description":"The companies were originally on track for a merger before talks were halted abruptly last month","og_url":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/","og_site_name":"Climate","article_published_time":"2025-02-21T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Ma\u2019aden purchases 20.6% Alba stake","datePublished":"2025-02-21T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/"},"wordCount":260,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1","keywords":["Alba","Bahrain","EnterpriseClimate","M&A WATCH","Maaden","Sabic","Saudi Arabia"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/","url":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/","name":"Ma\u2019aden purchases 20.6% Alba stake - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1","datePublished":"2025-02-21T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2025\/02\/21\/maaden-purchases-20-6-alba-stake\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Ma\u2019aden purchases 20.6% Alba stake"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1402.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-ne1","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/89281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=89281"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/89281\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/89276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/89282"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=89281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=89281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=89281"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=89281"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=89281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}