Disclaimer
IMPORTANT NOTICE:
BEFORE ACCESSING THE INFORMATION AND DOCUMENTS CONTAINED IN THIS AREA OF THE WEBSITE, PLEASE READ CAREFULLY AND ACCEPT THE TERMS AND CONDITIONS STATED BELOW.
ACCESS RESTRICTION:
THIS AREA OF THE WEBSITE AND THE INFORMATION CONTAINED HEREIN ARE NOT INTENDED FOR, AND MUST NOT BE ACCESSED BY, OR DISTRIBUTED OR DISSEMINATED TO PERSONS RESIDENT OR PHYSICALLY PRESENT IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY JURISDICTION IN WHICH THE AUTHORIZATION OF THE RELEVANT REGULATORY AUTHORITY IS REQUIRED TO ACCESS THE INFORMATION AND DOCUMENTS CONTAINED IN THIS AREA OF THE WEBSITE (TOGETHER THE “OTHER RESTRICTED COUNTRIES”). THE SHARES OF ACTION ENERGY COMPANY REFERRED TO IN THIS AREA OF THE WEBSITE HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED OR UNDER ANY APPLICABLE SECURITIES LAWS OF THE UNITED STATES OF AMERICA OR ANY STATE, PROVINCE, TERRITORY, COUNTRY OR JURISDICTION OF THE OTHER RESTRICTED COUNTRIES.
UNLESS AN EXEMPTION UNDER RELEVANT SECURITIES LAW IS APPLICABLE, THE SHARES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OF AMERICA OR OTHER RESTRICTED COUNTRIES IF TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF OR REQUIRE REGISTRATION OF SUCH SHARES IN THE RELEVANT JURISDICTION.
THIS AREA OF THE WEBSITE AND THE INFORMATION CONTAINED HEREIN IS ONLY DIRECTED AT PERSONS WHO ARE FULFILLING THE CRITERIA OF “PROFESSIONAL INVESTORS” WHICH ARE DEFINED AS “SOPHISTICATED INVESTORS” OR “QUALIFIED INVESTORS” IN KUWAIT BY VIRTUE OF CAPITAL MARKETS AUTHORITY OF KUWAIT (“CMA”) EXECUTIVE BYLAWS (“PROFESSIONAL INVESTORS”). THE SHARES WHICH ARE REFERRED TO HEREIN ARE ONLY AVAILABLE TO, AND ANY INVITATION, OFFER OR AGREEMENT TO SUBSCRIBE, PURCHASE OR OTHERWISE ACQUIRE SUCH SHARES WILL BE ENGAGED IN ONLY, WITH PROFESSIONAL INVESTORS. ANY PERSON WHO IS NOT A PROFESSIONAL INVESTOR, SHOULD NOT ACT OR RELY ON THIS INFORMATION OR ANY OF ITS CONTENTS.
ACCESS TO THE INFORMATION AND DOCUMENTS CONTAINED ON THIS PORTION OF THE WEBSITE (“MATERIALS”) MAY BE ILLEGAL IN CERTAIN JURISDICTIONS, AND ONLY CERTAIN CATEGORIES OF PERSONS MAY BE AUTHORIZED TO ACCESS SUCH MATERIALS.
IN THE UNITED KINGDOM, THE ACCESS IS RESTRICTED TO PERSONS WHO ARE “QUALIFIED INVESTORS” AS DEFINED UNDER ARTICLE 2(E) OF REGULATION (EU) 2017/1129 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (THE “UK PROSPECTUS REGULATION”) AND WHO: (I) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE “ORDER”), AND/OR (II) ARE OTHERWISE PERSONS TO WHOM IT MAY BE LAWFULLY COMMUNICATED (ALL BEING “RELEVANT PERSONS”).
IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, THE ACCESS IS RESTRICTED TO “QUALIFIED INVESTORS” IN SUCH MEMBER STATE WITHIN THE MEANING OF ARTICLE 2(E) OF REGULATION EU 2017/1129 (THE “PROSPECTUS REGULATION”).
IN THE UNITED ARAB EMIRATES (EXCLUDING THE ADGM AND THE DIFC), THE ACCESS IS RESTRICTED TO PERSONS WHO ARE OUTSIDE THE UNITED ARAB EMIRATES, WHO ARE A “PROFESSIONAL INVESTOR” WITHIN THE MEANING OF CHAIRMAN OF THE SCA BOARD OF DIRECTORS DECISION NO. (13/RM) OF 2021 CONCERNING THE FINANCIAL ACTIVITIES RULE BOOK AND MECHANISM OF ADJUSTMENT AS AMENDED (THE “SCA REGULATIONS”), WHO HAVE BEEN INVITED AND AUTHORISED BY THE JOINT BOOKRUNNERS TO ACCESS THIS AREA OF THE WEBSITE OR WHO HAVE APPROACHED A JOINT BOOKRUNNER IN CONNECTION WITH THE OFFERING ON A REVERSE SOLICITATION BASIS, DOCUMENTED BY THE RELEVANT JOINT BOOKRUNNER IN ACCORDANCE WITH THE SCA REGULATIONS.
IN THE ABU DHABI GLOBAL MARKET, THIS AREA OF THE WEBSITE RELATES TO AN EXEMPT OFFER IN ACCORDANCE WITH THE MARKET RULES OF THE ABU DHABI GLOBAL MARKET (“ADGM”). THE SHARES TO WHICH THIS AREA OF THE WEBSITE RELATES HAVE NOT BEEN OFFERED AND WILL NOT BE OFFERED TO ANY PERSONS IN THE ADGM EXCEPT ON THE BASIS THAT AN OFFER IS AN “EXEMPT OFFER” IN ACCORDANCE WITH ADGM FINANCIAL SERVICES AND MARKETS REGULATIONS 2015, AS AMENDED (THE “FSMR”) AND THE MARKETS RULES OF THE ADGM FINANCIAL SERVICES REGULATORY AUTHORITY. ACCORDINGLY, THE ACCESS IS RESTRICTED TO PERSONS WHO ARE AUTHORISED PERSONS OR RECOGNISED BODIES (AS SUCH TERMS ARE DEFINED IN THE FSMR) OR PERSONS TO WHOM AN INVITATION OR INDUCEMENT TO ENGAGE IN INVESTMENT ACTIVITY (WITHIN THE MEANING OF SECTION 18 OF FSMR) IN CONNECTION WITH THE ISSUE OR SALE OF SECURITIES MAY OTHERWISE LAWFULLY BE COMMUNICATED OR CAUSED TO BE COMMUNICATED (“ADGM RELEVANT PERSONS”). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THE MATERIALS RELATES IS AVAILABLE ONLY TO ADGM RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH ADGM RELEVANT PERSONS. THE MATERIALS MUST NOT, THEREFORE, BE DELIVERED TO, OR RELIED ON BY, ANY OTHER PERSON.
IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE, THE ACCESS IS RESTRICTED TO PERSONS WHO MEET THE “DEEMED PROFESSIONAL CLIENT” CRITERIA SET OUT IN THE DUBAI FINANCIAL SERVICES AUTHORITY (“DFSA”) RULEBOOK, CONDUCT OF BUSINESS MODULE, WHO ARE NOT NATURAL PERSONS (“DIFC RELEVANT PERSONS”), AND ON THE BASIS THAT THE OFFERING RELATE TO AN “EXEMPT OFFER” IN ACCORDANCE WITH THE MARKETS RULES MODULE OF THE DFSA RULEBOOK.
THIS AREA OF THE WEBSITE AND ALL MATERIALS CONTAINED HEREIN ARE STRICTLY CONFIDENTIAL AND CANNOT BE RELEASED OR OTHERWISE FORWARDED OR DISTRIBUTED UNLESS IN COMPLIANCE WITH THE APPLICABLE SECURITIES LAWS.
GENERAL NOTE:
THE CMA OR ANY REGULATORY ORGANIZATION IN THE STATE OF KUWAIT OR OTHER JURSIDICTIONS SHALL NOT BEAR ANY LIABILITY FOR THE CONTENTS OF THE MATERIALS ON THIS AREA OF THE WEBSITE OR THEIR ACCURACY, AND NOT FOR ANY LOSS ARISING FROM RELIANCE ON ANY PART OF THIS ANNOUNCEMENT.
CONFIRMATION OF UNDERSTANDING AND ACCEPTANCE OF DISLCAIMER:
IN ORDER TO ACCESS THE INFORMATION AND DOCUMENTS CONTAINED IN THIS AREA OF THE WEBSITE, I:
- DECLARE, UNDER MY PERSONAL LIABILITY THAT I AM:
- NOT LOCATED IN THE UNITED STATES OF AMERICA, OR RESIDENT IN CANADA, JAPAN, OR AUSTRALIA, OR SITUATED IN ANY OTHER RESTRICTED COUNTRIES;
- RESIDENT OF OR LOCATED IN THE STATE OF KUWAIT AND A “PROFESSIONAL INVESTOR” AS DEFINED IN MODULE 1 OF CMA EXECUTIVE BYLAWS; OR
- RESIDENT OR LOCATED IN MEMBER STATE OF THE EUROPEAN ECONOMIC AREA AND A QUALIFIED INVESTOR AS DEFINED UNDER ARTICLE 2 OF THE PROSPECTUS REGULATION; OR
- RESIDENT OF OR LOCATED IN THE UNITED KINGDOM AND A RELEVANT PERSON; OR
- ACCESSING THE WEBSITE FROM THE UNITED ARAB EMIRATES (OTHER THAN THE ADGM AND THE DIFC) AND DOING SO AS “PROFESSIONAL INVESTOR” WITHIN THE MEANING OF THE SCA REGULATIONS; OR
- ACCESSING THIS WEBSITE FROM THE ADGM AND AM AN ADGM RELEVANT PERSON; OR
- ACCESSING THIS WEBSITE FROM THE DIFC AND AM DIFC RELEVANT PERSON.
- AGREE THAT I WILL NOT FORWARD, TRANSFER, TRANSMIT OR OTHERWISE SEND (BY ANY MEANS INCLUDING BY ELECTRONIC TRANSMISSION) ANY MATERIALS CONTAINED IN THIS WEBSITE TO ANY PERSON IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER TERRITORY WHERE TO DO SO WOULD BREACH APPLICABLE LOCAL LAW OR REGULATION; AND
- CONFIRM THAT I (I) HAVE READ AND UNDERSTOOD THE DISCLAIMER SET OUT ABOVE AND AGREE TO BE BOUND BY ITS TERMS; (II) UNDERSTAND THAT IT MAY AFFECT MY RIGHTS; (III) INTEND TO ACCESS THIS WEBSITE FOR INFORMATION PURPOSES ONLY; (IV) AM PERMITTED TO PROCEED TO ELECTRONIC VERSIONS OF THE MATERIALS; AND (V) UNDERSTAND THAT BREACH OF THESE CONDITIONS, WARRANTIES AND AGREEMENTS COULD MEAN THAT I AM IN BREACH OF APPLICABLE LAWS OR REGULATIONS.
IF YOU HAVE ANY QUESTIONS PLEASE CONTACT NATIONAL INVESTMENTS COMPANY AT aec@nic.com.kw
Overview of AEC
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, operating a fleet of 20 rigs which represents market share of 10% of contracted onshore rigs in Kuwait, alongside a broadening range of specialized services that underpin Kuwait’s upstream operations.
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 deliver and maintain wells safely and efficiently.
Our Leadership
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, operating a fleet of 20 rigs which represents market share of 10%of contracted onshore rigs in Kuwait, alongside a broadening range of specialized 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 the trust of clients through consistent operational performance and a deep understanding of their needs.
This Private Placement marks an important new chapter in AEC’s journey – opening our business to investors and strengthening the foundations for long-term, sustainable growth. It reflects our belief in transparency, accountability, and alignment with Kuwait’s vision to deepen and diversify its capital markets.
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
