Investor Relations2026-05-10T12:42:21+00:00

Investor Relations

Welcome to Action Energy Company K.S.C.P. Investor Relations website

Overview of AEC

Established in 2015, AEC is a leading Kuwait-headquartered onshore drilling and oilfield services provider focused on rig and well services that support upstream production and maintenance programs. With a proven operating track record of more than a decade, AEC delivers safe, reliable field execution across strategically important oilfields, helping operators maintain production, improve uptime and deliver projects on schedule. The Company operates a modern, young rigs fleet and provides specialized upstream lifting services in collaboration with global industry partners.

The Company operates through two complementary business segments:
  • Drilling and Workover Services, supported by a modern, high-utilisation rig fleet, and

  • Oilfield Services, providing well lifecycle support through a combination of in-house capabilities and strategic technical partnerships.

With its Kuwait focus, proven execution record, and scale in rig and well services, AEC is a critical enabler of the country’s upstream plans – providing the capacity and field reliability required to safely and efficiently deliver and maintain wells.

Our Leadership

Board of Directors

Executive Management

Message from the CEO

AEC was founded with a clear purpose – to support Kuwait’s oil and gas industry with reliable, high-quality field services that keep production moving safely and efficiently. Since our founding in 2015, we have grown into one of the country’s leading onshore drilling and oilfield services providers, alongside a broadening range of specialised services that underpin Kuwait’s upstream operations.

Throughout the last decade, as we built AEC, we remained committed to delivering excellence in every well we service. We have built strong partnerships, developed exceptional local talent, and earned clients’ trust through consistent operational performance and a deep understanding of their needs.

As we look ahead, we remain focused on expanding our capabilities, continuing to invest in our people and technology, and playing a leading role in advancing Kuwait’s energy sector for decades to come. Beyond Kuwait, we continue to evaluate opportunities to replicate our highly successful operating model across the GCC.

Thank you for your trust and support as we take this next step in AEC’s growth story.

Ahmad M. Al-Ajlan
Chief Executive Officer

Message from the CEO

AEC in Numbers

KWD 321.5 M

Backlog (as of Dec 2025)

0.01

Lost Time Incident Rate (LTIR) (2025)

72% / 28%

Drilling vs. Oilfield services (backlog split as of Dec 2025)

+1,700

Professionals (as of Dec 2025)

KWD 31.9 M

Revenue (FY 2025)

KWD 20.8 mn

Revenue (FY 2024)

53%

Revenue Growth

KWD 16.4 M

EBITDA (FY 2025)

KWD 10.4 M

EBITDA (FY 2024)

51% | 50%

EBITDA Margin 2025 (FY 2024)

Frequently Asked Questions

What does AEC do?2026-05-06T15:46:14+00:00
  • Action Energy Company (“AEC” or the “Company”) is one of Kuwait’s leading onshore drilling, workover, and oilfield services companies that support upstream production and maintenance operations.
What is the company’s history?2026-04-28T09:37:51+00:00
  • Founded in 2015, AEC was previously known as Action for Drilling and Maintenance of Oil Wells – Rawaf Ibrahim Hamoud Bourisli and Partners W.L.L.
  • In 2015, the Company was awarded its first Kuwait Oil Company (KOC) contract for two 1,500 HP rigs, marking its entry into Kuwait’s drilling market.
  • On 30 June 2022, the Extraordinary General Assembly of the Company passed the resolution to change the name, legal form, and activities of the Company to become Action Energy Co with the vision to lead Kuwait’s oilfield services sector.
  • Since its inception, AEC has grown into a leading provider of onshore drilling services in Kuwait, operating twenty rigs as of 31 December 2025.
Who owns AEC?2026-04-28T09:38:38+00:00
  • AEC is a publicly traded company, with its shares listed on Boursa Kuwait. The main shareholders who own over 5% is listed in the company page of Boursa Kuwait, the link is as given below:

    https://www.boursakuwait.com.kw/en/stock/profile#832

  • The Company maintains full independence in its day-to-day management, operational decision-making, and technical activities.
What are AEC’s products or services?2026-04-30T06:28:31+00:00
  • AEC operates through two main business segments:
    • Drilling services: Comprehensive onshore drilling and workover services for development and maintenance programs, supported by a modern, high- utilization fleet.
    • Oilfield services: providing well lifecycle support through a combination of in-house capabilities and strategic technical partnerships. Oilfield services include electric submersible pumps, slickline, once-through steam generator (OTSG) services, tubular inspection, cementing, mobile equipment inspection, directional drilling, and workshop capabilities, amongst others.
What are AEC’s main operating markets?2026-04-28T09:53:16+00:00
  • Currently, AEC operates exclusively in Kuwait, one of the world’s leading oil- producing countries.
  • Kuwait’s strategic role in global oil supply, coupled with ongoing demand for cost- efficient onshore drilling and workover services, provides a strong foundation for AEC’s sustained growth.
Who are AEC’s customers?2026-04-28T09:54:28+00:00
  • AEC’s business is anchored by its strong, long-standing relationship with Kuwait Oil Company (KOC), the national oil company and the Company’s primary customer.
  • A substantial amount of revenue is derived from long-term contracts with KOC, with average remaining contract durations of approximately five years across drilling and workover services.

Shareholding Structure

Major Shareholders

Full Name Disclosure type Percentage %  Published on
Sheikh Mubarak Abdullah M AlSabah (Action Real Estate Co.) Indirect 47.29% 27 January, 2026
Gulf Cables & Electrical Industries Group Co. Indirect 5.00% 23 December, 2025
Gulf Investment Corporation Co. Direct 6.58% 16 December, 2025
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