• AEC has consistently expanded through multiple market cycles, growing its fleet tenfold from 2 rigs in 2016 to 20 rigs as of H1 2025. This expansion was achieved despite the 2016 oil price downturn and the 2020–21 COVID disruption, underscoring the Company’s ability to invest counter-cyclically and capture share. 
  • Since inception, AEC has maintained a 94% success rate on all tenders it has participated in, and achieved full utilization of its fleet, compared to Kuwait’s industry average of approximately 80% in 2025 and a GCC average of around 64% in 2024, highlighting the resilience of its operating model even in a competitive market. Operational reliability is further evidenced by non-productive time consistently below 1%. 
  • AEC’s resilience is supported by lean overheads, fixed-rate long-term contracts that reduce exposure to industry cyclicality, and high barriers to entry, including multi-year prequalification, stringent HSE requirements, and capital intensity, which collectively position AEC to sustain leadership and operational continuity across cycles.