Marafiq Financial Stability and Trading Insights?
Marafiq is a utility company in Saudi Arabia trading under the ticker 2083 on the Saudi Stock Exchange. Founded in 1983, it's primarily owned by the Saudi government and Saudi Aramco. The company specializes in electricity and water services, focusing on the industrial cities of Jubail and Yanbu.
Key stats as of September 12, 2023:
- Share Price: SAR 67.20
- Market Cap: SAR 16.77 billion
- P/E Ratio: 23.73
- Dividend Yield: 0%
Financials for 2022:
- Revenue: SAR 13.5 billion
- Net Income: SAR 3.9 billion
- EPS: SAR 2.83
- Dividend per Share: SAR 1.1
Technical Analysis:
The stock has a strong support and buying level in the range of SAR 66-62. Traders should closely watch the stock's performance at these levels to gauge the market maker's next move before opening positions.
Marafiq primarily generates electricity from thermal plants and water from desalination plants. It has over 3,000 industrial clients, as well as commercial and residential customers. The company is financially stable and expected to grow, particularly as the industrial cities it serves continue to develop.
Key stats as of September 12, 2023:
- Share Price: SAR 67.20
- Market Cap: SAR 16.77 billion
- P/E Ratio: 23.73
- Dividend Yield: 0%
Financials for 2022:
- Revenue: SAR 13.5 billion
- Net Income: SAR 3.9 billion
- EPS: SAR 2.83
- Dividend per Share: SAR 1.1
Technical Analysis:
The stock has a strong support and buying level in the range of SAR 66-62. Traders should closely watch the stock's performance at these levels to gauge the market maker's next move before opening positions.
Marafiq primarily generates electricity from thermal plants and water from desalination plants. It has over 3,000 industrial clients, as well as commercial and residential customers. The company is financially stable and expected to grow, particularly as the industrial cities it serves continue to develop.
Trade active:
I am still holding my positions
Trade active
Trade closed: target reached