Alba honoured with special recognition
Alba has won the ‘Metals and Mining Deal of the Year’ by Bonds, Loans and Sukuk Middle East Awards 2023 held in Dubai.
The award was received by Alba senior head of treasury Ali Al Hanan on behalf of the company.
Alba’s chief executive Ali Al Baqali said: “We are humbled to have been given this special recognition, which attests our approach to ‘thinking outside the box’ with refinancing our loan and linking it to ESG targets. We believe that sustainability knows no borders as we aim to boost our efforts on all ESG fronts to meet national sustainability objectives.”
Since 2014, the Bonds, Loans and Sukuk Middle East Awards have been recognising the most innovative financing deals from sovereign, corporate and financial institution issuers and borrowers.
This year, Alba stood out for being the first Bahraini company to have successfully achieved sustainability-linked refinancing for its $1,247,475,000 syndicated loan facility in connection with the Line 6 Expansion Project in April 2022.
The new syndication was oversubscribed by $2.6 billion and comprises 21 banks.
Source: https://www.gdnonline.com/Details/1254178/Alba-honoured-with-special-recognition
