Industry Revenues:

• Energy supply: 60%
• Water treatment and supply: 40%

TOP 3 Markets:

1. Saudi Arabia: 70%
2. United Arab Emirates: 15%
3. Oman: 10%

The Power and Water Utility Company for Jubail and Yanbu generates the majority of its revenues from energy supply, followed by water treatment and supply. The main market is Saudi Arabia, which is not surprising given the geographical location and strategic importance of the cities of Jubail and Yanbu. The United Arab Emirates and Oman are also significant markets, together accounting for a substantial portion of the revenues.

Production Sites: Jubail and Yanbu, Saudi Arabia

The Power and Water Utility Company for Jubail and Yanbu, also known as Marafiq, mainly produces its products in the industrial centers of Jubail and Yanbu in Saudi Arabia. These sites are strategically chosen as they are located in significant industrial areas with high demand for electricity and water.

Jubail and Yanbu are known for their petrochemical and industrial complexes, making Marafiq's presence in these regions particularly important. The company plays a central role in providing the necessary utility services to these industrial centers.

Revenue Growth: Estimated 10% annually (2026) Investments in Renewable Energy: 1.5 billion SAR (2025)

Power and Water Utility Company for Jubail and Yanbu (SASE:2083) is pursuing a growth strategy that strongly focuses on diversifying its energy sources and investing in renewable energy. The company plans to significantly increase its capacities in the solar and wind energy sector to meet the growing demand for sustainable energy sources.

Additionally, the company is investing in the modernization of its existing infrastructure to increase efficiency and reduce operating costs. These measures are intended not only to enhance competitiveness but also to reduce environmental impact.

Another strategic focus is on expanding into new geographical markets, particularly in the MENA region, to maximize growth potential and strengthen market presence.

Main raw materials: Natural gas, chemicals for water treatment

Countries of origin: Saudi Arabia, USA, Germany

Power and Water Utility Company for Jubail and Yanbu (SASE:2083) mainly imports natural gas, which is needed for energy generation. A large portion of the natural gas is sourced locally from Saudi Arabia, as the country has extensive natural gas reserves.

In addition, chemicals for water treatment are imported to ensure water quality. These chemicals often come from the USA and Germany, as these countries are leading in the production of specialty chemicals.

The dependency on imported materials is minimized through local procurement and strategic partnerships to ensure supply security.

Market share: 40% (2025, estimate) EBITDA margin: 35% (2025) Customer satisfaction: 85% (2025, internal survey)

Power and Water Utility Company for Jubail and Yanbu (SASE:2083) has a significant competitive advantage that is evident in several areas. With an estimated market share of 40% in 2025, the company is a dominant player in the utilities sector in the region.

The EBITDA margin of 35% indicates an efficient cost structure and strong operational performance, giving the company a financial advantage over its competitors.

Additionally, an internal survey shows high customer satisfaction of 85%, indicating strong customer loyalty and service quality. These factors together strengthen the company's market position and provide a sustainable competitive advantage.

Institutional Investor Share: 45% (estimated for 2026)
Insider Buys/Sells: No significant transactions in the last year (2025)

The institutional investor share in the Power and Water Utility Company for Jubail and Yanbu is approximately 45%. This reflects the confidence of institutional investors in the long-term stability and growth potential of the company.

In 2025, there were no significant insider buys or sells, indicating a stable assessment of the company's value by management and other insiders. This could suggest that executives are satisfied with the current company strategy and future prospects.

Market share of Power and Water Utility Company for Jubail and Yanbu (SASE:2083): Estimate: 15% (2026)

Top competitors and their market shares:

1. Saudi Electricity Company (SEC): 25%
2. ACWA Power: 20%
3. National Water Company (NWC): 18%
4. Marafiq: 15%
5. Alfanar Group: 12%

Moat Analysis:

Power and Water Utility Company for Jubail and Yanbu (Marafiq) has a solid moat composed of several factors. Firstly, the company benefits from long-term contracts and stable demand in the industrial cities of Jubail and Yanbu, providing a reliable source of income. Secondly, Marafiq has an integrated infrastructure covering both electricity and water supply, offering efficiency advantages.

Compared to competitors, Saudi Electricity Company (SEC) has a larger moat due to its dominant market position and government support. ACWA Power benefits from its international presence and expertise in renewable energy, giving it a technological edge.

Overall, Marafiq has a significant advantage in its core areas, but competitors could develop stronger moats in the long term through technological innovations and expansion into renewable energies.

Revenue Growth: 8.5% (2025) Net Income Growth: 10.2% (2025) Return on Equity (ROE): 12.5% (2025)

The Power and Water Utility Company for Jubail and Yanbu recorded a solid revenue growth of 8.5% in 2025. This indicates a stable demand for its services, especially in the energy and water supply sectors, which are of strategic importance in the region.

The net income growth of 10.2% shows that the company was able to increase its efficiency and improve profitability. A return on equity of 12.5% indicates that the company is able to provide attractive value growth to shareholders.

In summary, the financial performance of the company suggests a healthy growth momentum. This, combined with the strategic importance of the utility services in Jubail and Yanbu, could make the stock an attractive investment opportunity. However, investors should also consider macroeconomic factors and industry-specific risks before making a decision.

Dividend Yield: 4.5% (2026, estimated)
Dividend History: Continuous payouts since 2020

The Power and Water Utility Company for Jubail and Yanbu has been paying out a consistent dividend in recent years. The estimated dividend yield of 4.5% in 2026 indicates an attractive payout policy that could be of interest to investors.

The company has proven to be reliable in dividend payments in the past, reflecting a stable financial foundation and sustainable earnings power. Analysts expect the dividend policy to continue in the coming years, provided there are no significant economic or company-specific disruptions.