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Article: Tight margins, but record profits. (Bahrain Aluminum Extrusion Company BSC) (Special Report: Bahrain)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- November 26, 1993
- Author:
CopyrightCOPYRIGHT 1993 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE language of the corporate message is resolutely modern. References to a vision and a mission lead on to promises that this company will innovate and diversify. It comes as little surprise that the sometimes pious prose comes from a company that is heading out of state ownership into the private sector, the leading candidate in Bahrain's privatisation drive. At the same time it is indeed expanding and diversifying.
"We are going through a very interesting period," says Mahmood al-Soufi, general manager of Bahrain Aluminium Company (Balexco). If all goes to plan, paid-up capital will soon rise by 50 per cent to BD 12 million, more than half its shares will be ...