IssuerAnnouncementDetailsV2Portlet

Actions

Power and Water Utility Company in Jubail and Yanbu (Marafiq) announces its early repayment of part of the existing loans at a value of 500 million Saudi Riyals

2083
MARAFIQ
1.85 %
1444/12/14     02/07/2023 08:40:15

Element ListExplanation
Announcement Detail Based on the motivations of the Board of Directors of Power and Water Utility Company in Jubail and Yanbu (Marafiq) to improve the financial efficiency, reduce financing costs, and make optimal use of the cash available with the Company.

Marafiq announces its early repayment of part of the outstanding loans amounting to SR 500 million on 11 Thul-Hijjah 1444, corresponding to June 29, 2023.

The aforementioned repayment will contribute in reducing financing costs, which will be reflected positively on the Company's financial results at the second half of 2023.

The Company emphasize its strengths financial position and confirms that its cash flow has enhanced its ability to gain benefits from the available opportunities to reduce the financing costs of loans, Moreover, the Company will continue adopting its fixed mythology towards its suppliers and to maintain future cash dividends for its valuable shareholders.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Performance

MARAFIQ
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 49.65
Net Change 0.9 (+1.85%)
Value Traded (Sar) 37,777,651.55
Volume Traded 765,075
See The Company Profile

LoginPortletPopupv2

Actions

AddtoWatchlistv2

Actions
NO PORTLET SESSION YET