IssuerAnnouncementDetailsV2Portlet
Actions
Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces an update on its joining a of a consortium to develop an Industrial Wastewater Treatment Plant with Veolia Middle East S.A.S and Lamar Arabia for Energy
| Element List | Explanation |
|---|---|
| Previous Announcement | Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces its joining a of a consortium to develop an Industrial Wastewater Treatment Plant with Veolia Middle East S.A.S and Lamar Arabia for Energy |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-09-09 Corresponding to 1447-03-17 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Marafiq is pleased to announce the successful financial closure of the Amiral Industrial Wastewater Treatment and Reuse Project in Jubail Industrial City 2, following the fulfillment of all required conditions and approvals from the relevant stakeholders. The Special Purpose Vehicle (Aqua Renew Company), jointly owned by Marafiq (40%), Veolia Middle East (35%), and Lamar Arabia Energy (25%), has executed the financing agreements with the lending group consisting of: First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Korea Development Bank (KDB), and Qatar National Bank (QNB). The total project cost is (USD 500 million), equivalent to approximately (SAR 1.875 billion), including financing cost. The project aims to treat complex industrial wastewater streams generated from the Amiral facility, including spent caustic, utilizing advanced treatment systems and innovative recovery technologies that enable reintegration of treated water back into industrial operations, supporting closed-loop reuse and improved energy efficiency. Achieving financial close marks a significant milestone toward the implementation of this strategic project. It reflects Marafiq’s commitment to advancing sustainable infrastructure, delivering integrated utilities and environmental solutions, enhancing resource efficiency, reducing industrial environmental impact, and contributing to the Kingdom’s vision 2030 broader objectives in environmental resilience and industrial circular economy. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no increase in project costs than previously announced |
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.
Share
Company Performance
Key Parameters
Last Price 39.06
Net Change 0.92 (+2.41%)
Value Traded (Sar) 32,027,541.94
Volume Traded 830,307
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions