2083 – Power and Water Utility Company for Jubail and Yanbu
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- Multiline Utilities
- Saudi
- January 5, 2023
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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL
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Company Profile
Power and Water Utility Company for Jubail and Yanbu, also known as Marafiq, is a Saudi Arabia-based company that undertakes the operation, maintenance, management, expansion and construction of seawater cooling systems, desalinated and treated water systems, sanitary and industrial wastewater systems and electric power systems to provide essential utility services to industrial, commercial and residential customers in the industrial cities of Jubail and Yanbu. The Company is owned by its four major shareholders, such as the Royal Commission for Jubail and Yanbu (RC), Saudi Basic Industries Corporation (SABIC), Saudi Arabian Oil Company (Saudi Aramco), the Public Investment Fund (PIF), as well as seven private-sector investors make up the remaining shareholders.
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