# Ma'aden to acquire Sabic's 20.62% stake in Aluminium Bahrain

Saudi Arabian Mining Company (Ma'aden) will acquire Saudi Basic Industries Corporation's (Sabic) 20.62% stake in Aluminium Bahrain (Alba) for SAR 3.6-4 billion ($960 million-$1.07 billion). The deal is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2024-09-18
- Where: Bahrain
- Value: $1.00B
- Status: announced
- Products: aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SABIC](https://endata.com/companies/3200.md) (partner)
- [Ma'aden](https://endata.com/companies/4377.md) (acquirer)
- [Aluminium Bahrain (Alba)](https://endata.com/companies/43644.md) (target)

## Sources

- [agbi.com](https://www.agbi.com/industry/2024/09/maaden-to-acquire-sabics-stake-in-bahrains-alba/), 2024-09-18: "Ma'aden will become the second-largest shareholder in Alba, holding a 20.62 percent stake on completion of the deal."

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