Energy, Oil & Gas

Action Energy reports 96.6pc profit growth in H1 2026

Kuwait-based Action Energy Company reported a sharp increase in earnings for the first half of 2026. Revenue rose 34.4 per cent year on year to KWD18.1 million ($59 million) in the six months ended June 30, while EBITDA increased 28.3 per cent to KWD9 million, with an EBITDA margin of 49.8 per cent....

Energy, Oil & Gas

Action Energy signs market maker deal with NIC

Action Energy Company has announced the signing of a market maker agreement with National Investments Company (NIC), aimed at enhancing liquidity and improving trading efficiency for its listed shares....

Energy, Oil & Gas

Action Energy Company secures new $132m credit facilities

Action Energy Company, Kuwait’s leading firm for upstream services and major owner and operator of rigs in the region, has secured a new credit facility and renewed and expanded an existing facility, from two local banks with a combined value of KWD40.9 million ($132.68 million), said the company....

Energy, Oil & Gas

Action Energy Company completes listing on Boursa Kuwait

Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors. ...