Action Energy Company (AEC), a Kuwaiti onshore drilling and oilfield services provider, has completed its private placement on Boursa Kuwait.

The offering of 260 million shares at 212 Fils per share, representing 45.9 per cent of issued capital, raised approximately KWD 55.1 million ($180 million).

Investor demand exceeded KWD 276 million, five times oversubscribed.

The placement included a 16.68 per cent primary and 29.21 per cent secondary offering, with proceeds supporting AEC’s balance sheet and regional growth. Shares were set to trade from December 17, 2025 under "ALFTAQA".