# Maaden acquires SABIC's 20.62% stake in Aluminium Bahrain (ALBA)

Saudi Arabia's Maaden acquired SABIC's 20.62% stake in Aluminium Bahrain (ALBA), aligning with Maaden's strategy to expand regional presence and form a global aluminum powerhouse.

- Type: Acquisition
- Announced: 2024-09-17
- Where: Bahrain
- Status: announced
- Products: aluminum
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SABIC](https://endata.com/companies/3200.md) (partner)
- [Maaden](https://endata.com/companies/30633.md) (acquirer)
- [Aluminium Bahrain (Alba)](https://endata.com/companies/43644.md) (target)

## Sources

- [gulfnews.com](https://gulfnews.com/business/markets/saudi-arabias-maaden-acquires-sabics-20-stake-in-bahrains-alba-1.1726583553519), 2024-09-17: "This acquisition aligns with Maaden's strategy to expand its regional presence and record a ten-fold growth by 2040."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.