MARAFIQ CEO Mohammed Al-Zuabi
The Power and Water Utility Company for Jubail and Yanbu’s (MARAFIQ) industrial water segment in Jubail Industrial City was affected by lower demand during Q2 2026 compared with the same period a year earlier, CEO Mohammed Al-Zuabi, said. 
In a statement accompanying the company’s Q2 2026 financial results filed with Tadawul, Al-Zuabi stated that despite the temporary decline in demand, the company continues to maintain its operational readiness and production capacity to ensure an effective response to any future growth in industrial demand.
He added that the company’s operating performance in its electricity and gas segments remained stable during Q2 2026.
Al-Zuabi said MARAFIQ continued to enhance operational efficiency, maximize resource utilization, and maintain disciplined capital management.
He also noted that the company made significant progress on its project to convert its Yanbu plants to operate on natural gas.
According to Argaam data, MARAFIQ reported a net loss of SAR 46.5 million for Q2 2026, compared with a net profit of SAR 109.6 million in Q2 2025.
MARAFIQ CEO Mohammed Al-Zuabi
The Power and Water Utility Company for Jubail and Yanbu’s (MARAFIQ) industrial water segment in Jubail Industrial City was affected by lower demand during Q2 2026 compared with the same period a year earlier, CEO Mohammed Al-Zuabi, said.
In a statement accompanying the company’s Q2 2026 financial results filed with Tadawul, Al-Zuabi stated that despite the temporary decline in demand, the company continues to maintain its operational readiness and production capacity to ensure an effective response to any future growth in industrial demand.
He added that the company’s operating performance in its electricity and gas segments remained stable during Q2 2026.
Al-Zuabi said MARAFIQ continued to enhance operational efficiency, maximize resource utilization, and maintain disciplined capital management.
He also noted that the company made significant progress on its project to convert its Yanbu plants to operate on natural gas.
According to Argaam data, MARAFIQ reported a net loss of SAR 46.5 million for Q2 2026, compared with a net profit of SAR 109.6 million in Q2 2025.
