Kuwait City, 16 November 2025 – Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, announced its intention to list 45.9% of its share capital on Boursa Kuwait’s Premier Market through a private placement, subject to Capital Markets Authority approval. The Offering will include a mix of existing shares from current shareholders and new shares issued by the company, with proceeds aimed at strengthening the balance sheet and supporting domestic and regional growth.
The subscription period runs from 23 November to 7 December 2025, with the offer price determined via book-building. Admission to trading is expected in December 2025. National Investments Company and EFG-Hermes UAE are acting as joint global coordinators and bookrunners, with Arqaam Capital as joint bookrunner.
Founded in 2015, AEC operates a modern fleet of 20 rigs across Kuwait, delivering drilling and well services that support upstream production and maintenance. With two complementary business segments – Drilling Services and Oilfield Services – AEC plays a critical role in enabling the country’s upstream plans while maintaining safe and efficient operations.
The company currently plans a total dividend of KWD 7 million for FY2026, with semi-annual payouts targeting 50%-60% of net profit, subject to board approval and market conditions.
The private placement represents a strategic step to diversify the shareholder base, enhance corporate governance, and increase visibility among regional and international investors.
