The IPO of Action Energy Company concluded with exceptional results, seeing subscription coverage reach KWD 276 million earlier this month. Managed by National Investments Company, the offering was more than five times oversubscribed, showing strong appetite for Kuwaiti energy assets. Shares were priced at 212 fils each, with trading having already begun on the Premier Market of Boursa Kuwait on 17 December 2025.
Kuwait has extended bid deadlines for the Al Muthanna and Waterfront PPP projects to October and November 2025, giving investors more time to prepare proposals for large-scale real estate developments.
Cape Town fintech TurnStay has raised $1.9m to expand its cross-border payments platform for African travel businesses. Using stablecoin settlement, the service cuts transaction costs by up to 70% and helps operators secure more direct international bookings.
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