Public Utilities - Water & Wastewater Infrastructure
Strategic Profile
Miahona listed on the Saudi Exchange Main Market in June 2024 under ticker 2084. The company demonstrated strong growth with revenue in the last twelve months of 478.66M SAR, up 44.50% year-over-year. The company operates across water infrastructure, sewage treatment, construction, and industrial utilities, positioning itself as a diversified infrastructure player in Saudi Arabia's essential services sector.
Cyborg Score Rationale
Miahona demonstrates strong fundamentals as a utilities infrastructure leader with consistent high growth (44.5% YoY revenue) and recent IPO momentum. The company operates in essential services with municipal contracts, though recent stock performance shows volatility with a 23.6% decline since IPO, indicating market digestion post-listing.
Top Insights
Q1 2025 revenue of 175.17M SAR showed 114.66% quarterly growth, with LTM revenue of 478.66M SAR up 44.50% YoY
Listed on Saudi Exchange since June 2024, operating within the Public Utilities sector
Core business includes transportation/distribution of water, sewage treatment networks, and construction of water/sewage infrastructure
EBITDA of 161.77M SAR with 32.46% margin demonstrates solid operational efficiency
Named Competitors
Water and Wastewater Services — Saudi water and wastewater treatment partner
Infrastructure Contracting — General construction and utilities infrastructure
Recent Developments
(July 2024) Miahona and N.V. BESIX S.A. Sharjah Branch received Marafiq's acceptance letter to join consortium for Al-Haer independent sewage treatment plant project in Riyadh
(June 2024) Company listed on Saudi Exchange Main Market with symbol 2084
(2024) Annual revenue of 385.09M SAR with 18.69% growth
Open the full interactive Miahona Company Limited report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.