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.
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.
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.
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.
