• AEC has consistently expanded through multiple market cycles, growing its fleet tenfold from 2 rigs in 2016 to 20 rigs as of December 2025 (and 7 rigs under manufacture). 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 its inception, AEC has maintained a 94% success rate on all tenders it has participated in, and achieved full utilisation 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.