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Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces that it has received a notification of an increase in the prices of energy products
| Element List | Explanation |
|---|---|
| Announcement Detail | Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces that it has received an official notification from the Saudi Arabian Oil Company (Saudi Aramco) to increase the prices of energy products, starting from 01-01-2024. The company would like to inform its valued shareholders that it is still in the studying stage and evaluating the financial impact, which will be announced once completed, and the impact will appear starting from the first quarter of the fiscal year 2024. It’s worth to mention that the company is working to mitigate the financial impact of this increase by enhancing production efficiency, plants reliability, optimizing asset use and reduce the company costs. |
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.
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Company Performance
Key Parameters
Last Price 49.65
Net Change 0.9 (+1.85%)
Value Traded (Sar) 37,777,651.55
Volume Traded 765,075
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