211
The GCC states are taking significant strides to merging their financial and industrial institutions and create ‘giga’ economic entities capable of competing in domestic and global markets.
As part of this approach, Saudi Ma’aden acquired Sabic’s 20.62% stake in Aluminium Bahrain (Alba) in an effort to create an even larger aluminium company, potentially by coordinating or merging operations with Aluminium Ma’aden. Notably, Abu Dhabi-based Emirates Aluminium (Emal) had previously merged with Dubai Aluminium (Dubal),…