Action Energy Company K.S.C.C.
KKSE:ALFTAQA244.00
KWF
+1.00
(+0.41%)
ISIN
KW0EQ0610166
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
KWD
•
in mil. unless spec.Working Capital
KWD
•
in mil. unless spec.Growth Rates
KWD
•
in mil. unless spec.Quarterly Revenue
KWD
•
in mil. unless spec.Quarterly Earnings Per Share
KWD
•
in mil. unless spec.Quarterly Dividends Per Share
KWD
•
in mil. unless spec.Company Description
- CEO
- Ahmad Mohammed Al-Ajlan
- Sector
- Industrial services
- Industry
- Contract drilling
- Address
- Kuwait City Kuwait
- IPO Date
- Dec 17, 2025
- Website
- actionenergykw.com
- Similar Companies
- Business
- Action Energy Company K.S.C.P. is a Kuwait-based upstream oilfield services provider and drilling contractor delivering integrated well lifecycle, engineering, and production optimization solutions to national and international oil and gas operators across the Middle East. Founded in 2015 and headquartered in Kuwait City, Kuwait, the company operates as a core energy subsidiary of diversified investment conglomerate Action Group Holdings and acts as a primary contractor for upstream developments in the region, particularly with the Kuwait Oil Company. The company delivers a comprehensive suite of upstream oilfield products and services categorized across several specialized operating divisions: onshore drilling and workover services, utilizing a modern fleet of medium-to-heavy drilling and workover rigs ranging from 550 HP to 3,000 HP capacity; artificial lift systems, including electric submersible pump (ESP) installation, equipment supply, and production monitoring; well intervention and completion solutions, including coiled tubing units, slickline, wireline logging, well stimulation, and cementing services; directional drilling and reservoir navigation, including measurement-while-drilling (MWD) and logging-while-drilling (LWD) technologies; thermal enhanced oil recovery (EOR) services, including once-through steam generator (OTSG) deployment for heavy oil extraction; asset integrity, non-destructive testing (NDT), and tubular inspection services through its dedicated subsidiary Target NDT; and drilling fluids engineering, filtration, and comprehensive mud engineering services. In recent corporate developments, the company converted to a public shareholding company and completed its initial public offering, listing its equity on the Premier Market of Boursa Kuwait under the ticker symbol ALFTAQA in December 2025, representing the exchange's first energy sector listing since 2008. The company has aggressively expanded its operational footprint and rig fleet to over 20 units, backed by approximately KWD 40.9 million in structured credit facilities secured from major domestic lenders to finance capital equipment procurement and long-term project mobilization. Supporting this expansion, the firm accumulated a record contracted order backlog exceeding USD 1.1 billion under multi-year upstream contracts with the Kuwait Oil Company. Additionally, Action Energy formed a strategic technology joint venture with enterprise solutions firm Kellton to develop and integrate artificial intelligence and digital oilfield solutions across GCC operations, while maintaining international service and equipment partnerships with industry entities including KCA Deutag, COSL, and Jereh. The company also appointed dedicated institutional market makers, including National Investments Company and Kuwait Investment Company, to enhance secondary market share liquidity on Boursa Kuwait.