Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces an amicable settlement with Saudi Aramco | premargin

Power and Water Utility Company for Jubail and Yanbu (Marafiq) announces an amicable settlement with Saudi Aramco

TadawulDecember 8, 2025View on exchange

Element List	Explanation
Announcement Detail	The Company announces that it has reached an amicable settlement with Saudi Aramco in relation to the supply of heavy fuel oil to the Company’s facility in Yanbu 2, as mentioned in the prospectus, which entail the following: 1- Saudi Aramco will pay a financial amount of approximately 70 million Riyals. 2- Marafiq will be exempted from paying certain handling fees, as well as operation, maintenance, and rental fees for specific facilities over varying timeframes, with an amount not exceeding approximately 15 million Saudi Riyals annually until the year 2033.

Element List

Explanation

Announcement Detail

The Company announces that it has reached an amicable settlement with Saudi Aramco in relation to the supply of heavy fuel oil to the Company’s facility in Yanbu 2, as mentioned in the prospectus, which entail the following:

1- Saudi Aramco will pay a financial amount of approximately 70 million Riyals.

2- Marafiq will be exempted from paying certain handling fees, as well as operation, maintenance, and rental fees for specific facilities over varying timeframes, with an amount not exceeding approximately 15 million Saudi Riyals annually until the year 2033.