IssuerAnnouncementDetailsV2Portlet
The Power and Water Utility Company for Jubail and Yanbu Announces an update on Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces its acquisition of Veolia Middle East’s 51% stake in Jeddah II Operation and Maintenance Company.
Element List | Explanation |
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Introduction | Referring to the announcement of Power and Water Utility Company for Jubail and Yanbu (Marafiq) in the Saudi Stock Exchange (Tadawul) on 11/10/2024 regarding its acquisition of Veolia Middle East’s 51% stake in Jeddah II Operation and Maintenance Company, Marafiq announces the completion of the procedures for transferring ownership and amending the Company’s articles of association and its approval by the Ministry of Commerce on the date of 15/12/2024 |
Previous Announcement | Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces its acquisition of Veolia Middle East’s 51% stake in Jeddah II Operation and Maintenance Company. |
Date of Previous Announcement on Saudi Exchange’s Website | 2024-11-10 Corresponding to 1446-05-08 |
Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
Latest Developments Of The Announced Event | Completion of ownership transfer procedures and amendment of the Company’s articles of association. |
Reasons For The Delay on The Date of The Event Previously Announced | Nothing |
The costs associated with the event, and if they have changed or not with indication of the reasons. | Not Applicable |
Delay consequences on the Company’s financial results | Northing |
Additional Information | Northing |
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.