‎Higher fuel prices weighed on MARAFIQ’s energy segment profit in 2024: CEO

‎Higher fuel prices weighed on MARAFIQ’s energy segment profit in 2024: CEO ‎Higher fuel prices weighed on MARAFIQ’s energy segment profit in 2024: CEO

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Mohammed Al-Zuabi, CEO of The Power and Water Utility Company for Jubail and Yanbu (MARAFIQ)

Mohammed Al-Zuabi, CEO of The Power and Water Utility Company for Jubail and Yanbu (MARAFIQ), said the most significant challenge faced by the company in 2024 was higher prices of fuel used in production, which significantly impacted the profitability of the energy segment.

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Mohammed Al-Zuabi, CEO of The Power and Water Utility Company for Jubail and Yanbu (MARAFIQ)

Mohammed Al-Zuabi, CEO of The Power and Water Utility Company for Jubail and Yanbu (MARAFIQ), said the most significant challenge faced by the company in 2024 was higher prices of fuel used in production, which significantly impacted the profitability of the energy segment.

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