Power and Water Utility Company for Jubail and Yanbu (Marafiq)
TTADAWUL:208340.10
SAR
-1.32
(-3.19%)
ISIN
SA15L0N10HH3
Return %
Stock
S&P 500
1Y
-3.98
14.20
3Y
-23.62
81.12
5Y
- -
68.34
Capital Structure
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SAR
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in mil. unless spec.Growth Rates
SAR
•
in mil. unless spec.Quarterly Revenue
SAR
•
in mil. unless spec.Quarterly Earnings Per Share
SAR
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in mil. unless spec.Quarterly Dividends Per Share
SAR
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in mil. unless spec.Company Description
- CEO
- Mohammed Berki Sattam Al-Zuabi
- Full Time Employees
- 1,421
- Sector
- Utilities
- Industry
- Water utilities
- Address
- Jubail Industrial City Jubail Industrial City Eastern Province Saudi Arabia 31961
- IPO Date
- Nov 24, 2022
- Website
- marafiq.com.sa
- Similar Companies
- Business
- The Power and Water Utility Company for Jubail and Yanbu (Marafiq) (2083.SR) operates as Saudi Arabia's first private integrated utility provider, delivering power, water, gas, and wastewater services primarily to industrial, governmental, commercial, and residential customers in the industrial cities of Jubail, Yanbu, Jazan City for Primary and Downstream Industries, and Ras Al Khair; its core offerings encompass electric power generation, transmission, distribution, and retail sales; desalinated, treated, potable, process, and industrial water production, storage, and distribution; seawater cooling systems for heavy industries; sanitary and industrial wastewater treatment, recycling, and disposal with capacity to recycle 387,000 cubic meters annually; and sales gas distribution and retail, including as the sole supplier to Yanbu Light Industrial Park Expansion since 2011. The company manages advanced centralized integrated complexes, notably one of the largest in Yanbu, alongside extensive water facilities in Jubail, supporting Saudi Arabia's petrochemical, mining, and heavy industry sectors under Vision 2030's economic diversification goals. Incorporated in 2001 and commencing commercial operations in 2003, Marafiq maintains its headquarters in Jubail Industrial City, Saudi Arabia, with key operations in Yanbu Industrial City; it operates through segments including Power, Water, Gas, Independent Water and Power (such as Jubail Water and Power Company or JWAP), TAWREED for utility procurement and resale, and Corporate activities. Recent developments include joining the Miahona and BESIX consortium in July 2024 as a 35% stakeholder in a SAR 1.5 billion Al project under Saudi Water Partnership Company; securing a SAR 1.3 billion Sharia-compliant syndicated Murabaha facility in early 2024 for capital expenditures; and signing a landmark 30-year concession in September 2025 with SATORP, Veolia, and Lamar for a $500 million industrial wastewater reuse plant at Jubail's AMIRAL Complex, featuring nearly 8.76 million cubic meters annual capacity, resource recovery of water and spent caustic, and operations commencing in Q3 2028 to advance circular economy and sustainability initiatives. These strategic alliances and financings underscore Marafiq's expansion in sustainable infrastructure and wastewater management amid growing industrial demand.