78. Marafiq *

Country: Saudi Arabia
Sector: Utilities
President and CEO: Mohammed Berki Al Zuabi
Market Value: $4 billion
Sales: $1.7 billion
Profits: $226 million
Assets: $6.5 billion

Marafiq provides a full package of utility services, including potable water, seawater cooling systems, and sanitary and industrial wastewater treatment, power generation, transmission, and distribution to industrial, commercial, residential, and governmental sectors in Jubail and Yanbu. In November 2022, the company listed 29.24% of its shares on the Saudi Exchange in an IPO. The Royal Commission for Jubail and Yanbu, Saudi’s Public Investment Fund, the Saudi Aramco Power Company, and SABIC are the major shareholders, with 17.5% each.