Saudi water and electricity services firm launched

Published April 1st, 2001 - 02:00 GMT

The Jubail and Yanbu Electricity and Water Facilities Company (Marafeq) was officially launched recently, with a SR 2.5 billion capital, reported Al-Sharq Al-Awsat newspaper, following the finalization of the 11 entrepreneurs’ subscription to the company's 50 million stocks. 


The new company, based in the Eastern Saudi region of Jubail, specializes in providing maintenance, operating and expanding services for refrigerating facilities, water desalinizing facilities, drainage systems, electricity systems and industrial enterprises. — (Albawaba-MEBG)

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