Power and Water Utility Company for Jubail and Yanbu
2083 · Saudi Arabia
marafiq.com.saFinancials as of FY2025
A regulated infrastructure company that delivers power and water to industrial, commercial, governmental, and residential customers across Jubail and Yanbu, earning through regulated utility service rather than open-market sales.
- Pays more per share than it earned over the last twelve months
- Depends onUpstream position: supplies 5 industries, depends on 1
- ScaleMarket cap is $2.73B, above the global median of $1.18B
- FinancialsAltman Z-Score 1.05: distress zone
- Interpretations1 currently firing — 1
What this company is and how it runs — written from structure, not news.
The system turns seawater into desalinated and treated water and other inputs into electricity, then moves these, along with distributed gas, through generation and treatment plants into distribution networks reaching industrial sites, businesses, government facilities, and homes across its service area. In the broader industry map it sits upstream of a number of industries that depend on its output, while depending on a narrower set of outside inputs itself.
It earns by selling power, water, and gas under separate regulated service lines to industrial, commercial, governmental, and residential customers in its service area. Earnings have stayed positive each year, consistent with income that comes from continued regulated service delivery rather than competitive pricing.
As a company organized around regulated infrastructure economics, its growth is tied less to winning customers in open competition and more to how much capital investment its regulator recognizes within its fixed service territory and allows a return on. It also carries debt that is large relative to its assets and cash flow, and pays out more per share than it earns, a combination pointing toward growth or shareholder distributions being funded by borrowing rather than retained earnings.
CompanyGraph's mapping of industry supply relationships places this company downstream of one other industry, meaning some of what it needs to operate is sourced from outside its own activities. The data available here does not identify what that input is or how concentrated the reliance is.
CompanyGraph's mapping of industry supply relationships places this company upstream of several other industries, meaning it supplies something those industries depend on to operate. The data available here does not identify which industries these are, nor how much of their needs it accounts for.
CompanyGraph places this company among a sizeable group of companies that run the same kind of system, production organized under regulated-return infrastructure economics, rather than in a small or unusual category. This describes how common the shape is, not whether rivals could actually replicate what this company does, a question about competitors' capabilities that this data does not address. Structurally near is not the same as moving together or being interchangeable, it means CompanyGraph sees a shared way of operating or a detected pattern, not a price relationship or a comparison verdict.
Companies built on regulated infrastructure economics are typically bound by their regulatory compact, since the regulator decides what capital counts toward allowed returns, and this type of business tends to fail through disallowed spending, compressed returns, or carrying more debt than stable cash flow can support. CompanyGraph treats this as an industry-level hypothesis for this company rather than a confirmed measurement of what actually limits it.
Companies built this way typically operate under a regulator that sets the rates they can charge and the return they can earn, in exchange for an exclusive right to serve their territory and an ongoing duty to keep serving it. This is a general feature of this type of business; CompanyGraph does not have confirmation of how this company's specific regulatory relationship is structured or what proceedings, if any, it currently faces.
Read from figures CompanyGraph recomputed from this company's statements and from its structural position. Written September 2026. A question with no evidence behind it is left out rather than answered.
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Sign inWhat the company actually pays, and whether its own cash supports it.
- Pays more per share than it earned over the last twelve months
The reported statements, read against the company's own industry.
1 interpretation currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsWhere is this company structurally exposed?
Within or Near the Altman Distress Zone
Debt is a large share of its assets, and large against its cash flow.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.