Logo of Power and Utility Company for Jubail and Yanbu (MARAFIQ)
The lock-up period imposed on Power and Utility Company for Jubail and Yanbu’s (MARAFIQ) major shareholders ends today, May 23 – six months after its shares listed on the Saudi Exchange (Tadawul) on Nov. 24, 2022.
The lock-up was imposed on the major shareholders, namely Royal Commission for Jubail and Yanbu (RCJY), the Public Investment Fund (PIF), Saudi Basic Industries Corp (SABIC) and Saudi Aramco Power Co. (SAPCO), owning a total of 70% of the company’s capital.
These shareholders may now dispose of their shares without the need to obtain prior approval from the Capital Market Authority (CMA).
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Company's Shareholders |
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Shareholders |
Post IPO |
|
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Number of Shares (mln shares) |
Stake (%) |
|
|
RCJY |
43.75 |
17.5 % |
|
PIF |
43.75 |
17.5 % |
|
SABIC |
43.75 |
17.5 % |
|
SAPCO |
43.75 |
17.5 % |
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