[SMM Aluminum Flash News] Balexco Moves Toward Listing and Declares 5% Dividend

Published: Apr 23, 2026 13:15

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Bahrain Aluminum Extrusion Company (Balexco) plans to convert into a public shareholding company and pursue a listing on the Bahrain Bourse, subject to feasibility studies. The company also approved a 5% capital increase through 4.65 million bonus shares, raising paid-up capital to BD 9.773 million. For FY2025, it approved profit distribution of BD 1.166 million, including a 5% cash dividend and equal bonus shares. The company reported stable performance with sales growing for four consecutive years. The listing plan and capital measures aim to enhance competitiveness and support future growth.

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