National Investments Company (NIC) has confirmed the successful listing of Action Energy Company on the Premier Market of Boursa Kuwait. The private placement attracted significant attention from both local and international investors, with the subscription period having closed on 7 December 2025. Trading of the shares commenced on Wednesday, 17 December 2025.

The offering was oversubscribed by more than 5.0 times, reflecting a total coverage value of KWD 276 million. During the process, 94.5 million new shares were issued alongside 165.5 million existing shares. All shares were offered at a unified price of 212 fils per share. Following this successful capital raise, the issued and paid-up share capital for Action Energy Company now stands at KWD 56.65 million.

NIC acted in multiple capacities for the deal, including exclusive listing advisor, exclusive subscription agent, joint lead coordinator and joint IPO manager. The firm deployed a specialist team to manage the logistical and marketing requirements of the transaction. The offering attracted a diverse group of investors, including global asset managers, sovereign-linked institutions and regional investment platforms.

Fahad Al-Mukhaizim, Board Member and CEO of National Investments Company, expressed his satisfaction with the outcome:

“We are proud of the trust placed in us by Action Energy Company to serve as the exclusive listing advisor, exclusive subscription agent, joint lead coordinator, and joint IPO manager. National Investments Company dedicated a specialized team to oversee all logistical and marketing aspects related to the offering process. The successful listing of Action Energy Company reflects our long-standing track record of achievements, further strengthening the company’s position as one of the most prominent players in the financial and investment services sector locally and regionally.”

Action Energy is a major player in the oil and gas sector, providing drilling services, well maintenance and rig management. This industry standing contributed to the high demand for the shares. The execution of the listing was supported by the Capital Markets Authority, Boursa Kuwait and the Kuwait Clearing Company. This transaction added to NIC’s history of managing high-profile listings, such as Ali AlGhanim Sons Automotive and Beyout Investment Group. The success of the deal highlighted the increasing appeal of Kuwait’s capital markets to the global investment community.