Marafiq provides utility services in a number of industrial cities in Saudi Arabia, including Yanbu, Jeddah, Jubail, Ras Al Khair and Jazan. Photo: Marafiq
Marafiq provides utility services in a number of industrial cities in Saudi Arabia, including Yanbu, Jeddah, Jubail, Ras Al Khair and Jazan. Photo: Marafiq

Business

Markets

Saudi Arabai’s Marafiq aims to raise $897m in share sale

The state-backed utility has set the offer price at between $10.9 and $12.26 per share

Fareed Rahman
Fareed Rahman

October 09, 2022