Gulf International Bank issues inaugural sustainability report

Gulf International Bank (GIB) has published its first groupwide Sustainability Report which shows its commitment to sustainable growth and performance against environmental, social and governance indicators. The Report provides an overview of GIB’s strategic approach to sustainability and the Bank’s direct activities and initiatives and discloses them in accordance with the Global Reporting Initiative (GRI) […]

Aluminium Bahrain refinances $1.247bln loan with sustainability targets

Aluminium Bahrain (Alba), the world’s largest smelter ex-China, has successfully achieved sustainability-linked refinancing for its $1.247bln syndicated loan facility in connection to the Line 6 Expansion Project. Alba is the first Bahraini company to have achieved such sustainability-linked refinancing. The senior-unsecured conventional and Islamic facility carries an interest margin of 235 basis points per annum over […]