Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces the receipt on 31/01/2024 AD from the Saudi Water Partnership Company (SWPC) of the commercial operation certificate for the Jeddah Althaniya Water Company to treat wastewater located in Jeddah city, with a treatment capacity estimated at 300 thousand cubic meters per day, the commercial operation for the treatment plant will be retroactive affective from 01/10/2023 AD.
The project targets to fulfill the growing needs to treat sanitary wastewater in Jeddah by implementing the newest technologies by presenting; high treatment efficiency, low energy consumption. The design and layout of the plant is developed to produce treated effluent suitable for water reuse and using its sludge for industrial and commercial purposes.

Moreover, the Project will contribute significantly to raise the level of services to attain environment sustainability by preserving natural environment, enhancing resource use efficiency, through leveraging private sector expertise in water and agriculture systems, developing local contents, and to achieve the development goals of Kingdom’s Vision 2030.

Marafiq owns 45% of shareholding stake in Jeddah Althaniya Water Company (the project developer), the financial impact of operating the project will appear on the company’s financial results for the fourth quarter of 2023.

It is pertinent to specify that the main project agreement between Jeddah Althaniya Water Company and the Saudi Water Partnership Company started on February 25th, 2019 and will continue for 25 years from the commercial operation date of the project.

For more information, please refer to the prospectus issued by the Company at the Other Material Agreements section on page 313.