Action Energy Co appoints KIC as market maker to enhance share liquidity

24/06/2026 08:32 AST

Action Energy Company KSCP. (listed on the Premier Market of Boursa Kuwait: ALFTAQA), Kuwait's leading local partner for integrated upstream services, owner and operator of one of the youngest rig fleets in the region, today announced the signing of a market maker agreement with Kuwait Investment Company (KIC). This step builds on the strong investor reception to Action Energy Company's (AEC) initial public offering, and aims to enhance trading liquidity for shareholders.

Under the agreement, KIC will enter paired buy and sell orders on AEC's shares during trading sessions, within a defined price spread and minimum order size, and at no less than a specified percentage of total monthly trading value. These arrangements are expected to enhance liquidity and support continuous supply and demand for the "ALFTAQA" share.

In May 2026, AEC signed a market maker agreement with National Investments Company (NIC), reflecting the Company's ongoing commitment to deepening liquidity and supporting an orderly market for the "ALFTAQA" share.

The company employs more than 1,700 professionals and operates 20 rigs across Kuwait, delivering a comprehensive range of integrated drilling, workover, and oilfield services, covering the full well lifecycle, including workover, directional drilling, slickline, coiled tubing, cementing, mud engineering, electric submersible pumps (ESP), inspection (NDT), and workshop services.

Kuwait Times