Action Energy Company debuts on KSE, signals confidence in the energy sector, Capital Market growth
By Shouq AlMulla
Special to The Times Kuwait
Kuwait’s capital market witnessed a notable development on Wednesday with the listing of Action Energy Company on the Premier Market of Boursa Kuwait, marking a significant step in the exchange’s efforts to deepen the market and expand investment opportunities within strategic sectors. The listing comes in line with Boursa Kuwait’s strategy to attract high-quality issuers and long-term institutional investors, supporting national economic priorities under Kuwait Vision 2035.
Trading in Action Energy shares commenced following a strongly oversubscribed private placement, with demand exceeding the offered shares by more than five times. Investors orders have reached approximately 276 million dinars, reflecting robust interest from local, regional, and international investors.
A total of 260 million shares, representing 45.9 percent of the company’s issued share capital, were offered at a unified price of 212 fils per share. Based on the offer price, Action Energy entered the market with a valuation of approximately KD 120 million.
Boursa Kuwait noted that the admission of Action Energy enhances sectoral diversity on the exchange, particularly within the energy and oilfield services segment. The Premier Market continues to serve as a platform for companies that demonstrate strong governance standards, operational scale, and transparency.
Founded in 2015, Action Energy Company (AEC) is a Kuwaiti-owned provider of onshore drilling and oilfield services. The company operates a modern fleet of 20 drilling rigs, with capacities ranging up to 3,000 horsepower, delivering integrated solutions across the well lifecycle, including drilling, workover operations, and well maintenance.
Over the past decade, the company has established a solid operational presence in Kuwait’s upstream energy sector, supported by advanced technology, experienced technical teams, and partnerships with leading international service providers. As of June 2025, Action Energy reported a contract backlog of approximately KD 324 million, reflecting strong visibility on future revenues.
The listing introduced a diversified shareholder base, with the majority of investors from Kuwait, alongside approximately 25 percent participation from GCC institutional investors and around 15 percent from international investors. This diversification is expected to strengthen governance, enhance transparency, and provide greater financial flexibility for future growth.
While Kuwait remains the company’s core market, Action Energy has outlined plans for measured regional expansion, supported by strategic partnerships aimed at delivering integrated drilling and oilfield services in neighboring markets.
Sheikh Mubarak Abdullah Al-Mubarak Al-Sabah, Chairman of Action Energy Company, said: “The strong mix of local, regional, and international investors reflects confidence in Action Energy and in Kuwait’s energy sector. We are proud to be among the few newly listed oil and gas service companies in the country and to contribute to the sector’s continued growth.”
The successful listing adds momentum to Boursa Kuwait’s ongoing efforts to deepen the capital market, broaden sector representation, and support sustainable economic growth driven by the private sector.
