Rank: #76
Ali Al Baqali
Sector: Industrials
Company: Aluminium Bahrain
Designation: CEO
Nationality: Bahraini
Residence: Bahrain
Al Baqali heads one of the world’s biggest aluminum smelters outside China with a market capitalization of $1.9 billion and $6.3 billion in assets as of December 2020. Al Baqali has been with Alba for more than two decades in which time he played an instrumental role in the Alba Line 6 expansion project by securing the $3 billion for the project. Alba’s majority shareholders are Bahrain Mumtalakat Holding Company with 69.3% and SABIC with 20.6%. Al Baqali was appointed CEO in February 2020. He is also a board member of the International Aluminum Institute, INJAZ, Saint Christopher’s School and Tenmou, the first Bahraini Business Angels Company.