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Action Energy Company Expands Market Liquidity with NIC Partnership

In a significant move aimed at enhancing shareholder value, Action Energy Company K.S.C.P., a leading provider of upstream oilfield services in Kuwait, has appointed National Investments Company (NIC) as its market maker. Announced on May 20, 2026, this strategic partnership underscores Action Energy's commitment to maintaining a robust trading environment amid increasing investor interest following its recent initial public offering (IPO).

Having successfully listed on the Premier Market of Boursa Kuwait in December 2025, Action Energy's IPO witnessed overwhelming demand, with subscriptions surpassing the offered value by a remarkable 5.0 times. Such strong interest reflects a solid confidence in the company's abilities and the overall health of Kuwait's energy sector. NIC, acting as both the sole listing advisor and subscription agent for the IPO, played a pivotal role in establishing the company's presence in the market.

Strategic Moves to Enhance Trading Liquidity

Under the terms of the new agreement, NIC will actively engage in market making for Action Energy's shares by entering paired buy and sell orders during trading sessions. This will provide a defined price spread and minimum order size, ensuring a steady flow of transactions that can bolster liquidity. With NIC's involvement, the trading accessibility for investors looking to engage with Action Energy's stock is expected to improve significantly.

The focus of this initiative is to establish a continuous supply and demand cycle for the “ALFTAQA” share. By enhancing the market depth, NIC aims to support share trading activities, making it an appealing investment for those interested in Kuwait's dynamic upstream oil and gas landscape.

Positive Outlook for Action Energy

As Action Energy moves forward in 2026, it does so with a solid revenue outlook backed by a substantial backlog of multi-year contracts with the Kuwait Oil Company (KOC). With full utilization of its fleet and a promising pipeline of new rig deployments and oilfield service contracts, the company is poised for continued growth in the coming years.

Currently, Action Energy operates a fleet of 20 sophisticated rigs, employing over 1,700 professionals who deliver a comprehensive suite of drilling and oilfield services. These services span the entire well lifecycle and include directional drilling, workover operations, and advanced technological services like electric submersible pumps (ESP) and cementing. The company's partnerships with renowned global technology leaders such as KCA Deutag and COSL further enhance its service capabilities, enabling it to deliver high-quality outcomes in its operations.

Conclusion

With NIC's appointment and the strengthened market strategy, Action Energy is not only focusing on enhancing shareholder liquidity but is also reinforcing its position in Kuwait's competitive oil industry. This partnership marks a pivotal step in ensuring that the company's shares remain an attractive option for investors and aligns well with its long-term growth objectives within the energy sector. As Kuwait continues to develop its oil production capabilities, Action Energy is well-positioned to capitalize on the burgeoning opportunities that lie ahead.