Alba stock soars 20% on Maaden deal

02:55 PM (Mecca time) Argaam Special
Logo ofAluminium Bahrain (Alba)

Logo of Aluminium Bahrain (Alba)

Shares of Aluminium Bahrain (Alba) surged nearly 20% today, Sept. 17, on Bahrain Bourse to BHD 1.272, hitting their highest level since April. Trading volume amounted to 63.1 million shares.

 

This rise was driven by the company's signing of an agreement with Saudi Arabian Mining Co. (Maaden) for potential merger with the latter's aluminum business.

 

The following table shows the company’s key financial indicators:

 

Key Financial Indicators​

Change YTD

+17.78%

Change (12M)

+13.57%

Market Value (BHD mln)

1806.2

P/E Ratio (Last 12 Months) (x)

14.19

Book Value (BHD)

1.31

P/B Ratio (x)

0.97

 

 

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