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.

15 December 2024 03:52 PM

MARAFIQ 2083 -0.59% 40.56 -0.24

Element List	Explanation
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

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