Miahona Co.
2084.SR
Saudi Exchange14.73
SAR
-0.23
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Miahona Co.
2084.SR
(Saudi Exchange)
Recent
price
14.73
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Miahona Company Limited (2084.SR) operates as a leading developer and operator of water and wastewater infrastructure in the Kingdom of Saudi Arabia under public-private partnership models; it provides end-to-end solutions across the complete water value chain, including water production from desalination and potable sources, transportation and distribution networks, wastewater collection and treatment facilities, treated sewage effluent (TSE) reuse systems, billing, revenue collection, and customer services for municipal and industrial customers. The company also engages in the construction of non-residential buildings such as schools, hospitals, and hotels; development and operation of water desalination stations, wastewater networks, and torrent control systems; and management of surface water, groundwater, dams, and flood controls. Headquartered in Riyadh, Saudi Arabia, Miahona was founded in 2008 and maintains operations across eight major cities in the Kingdom, with a strong commitment to sustainability through water loss reduction, recycling enhancement, and effluent treatment aligned with United Nations Sustainable Development Goals and the Middle East Green Initiative. Miahona serves urban water utilities and industrial clients, including major entities like Aramco and Marafiq, through long-term concession contracts such as build-own-operate-transfer (BOOT), build-own-operate-release-transfer (BORT), and operations and maintenance (O&M) models. Its portfolio encompasses advanced municipal and industrial water facilities, potable water infrastructure with capacities exceeding specified million cubic meters per day, and wastewater infrastructure handling significant daily volumes. In recent developments, Miahona unveiled a new corporate brand identity in November 2025 at the Saudi Water Partnerships Company Forum, signaling expansion into regional and global markets with enhanced focus on innovative technologies and integrated water solutions. The company listed its shares on the Saudi Exchange Main Market in June 2024 under ticker 2084; achieved financial close in May 2024 for the Ras Tanura Industrial Wastewater Treatment Plant consortium with Thabat Construction Company for Aramco; welcomed Marafiq into its consortium with N.V. Besix SA Sharjah Branch for the Al-Haer Independent Sewage Treatment Plant project in July 2024; and secured a SAR 210 million Sharia-compliant refinancing deal with Arab National Bank in July 2025 through its wholly-owned subsidiary Industrial Cities Development and Operation Company to extend debt maturities to 2030 and fund industrial city expansions tied to Vision 2030.