Under the terms of the deal, Kuwait Investment Company will maintain paired buy and sell orders for Action Energy’s stock, known by the ticker ALFTAQA, throughout trading sessions. By adhering to defined price spreads and minimum order sizes, the firm aims to ensure consistent supply and demand for shareholders. This partnership complements an existing arrangement with National Investments Company, established in May 2026, as part of a strategy to deepen market participation.
Action Energy currently operates a fleet of 20 rigs across the country, supported by a workforce of over 1,700 professionals. With a significant multi-year backlog of contracts from Kuwait Oil Company and full utilization of its equipment, the company is leveraging its position within the local upstream sector to secure long-term revenue. These liquidity measures arrive as the firm integrates new rig deployments and expands its portfolio of drilling and oilfield services through strategic alliances with global technology partners.
Comments (0)
No comments yet. Be the first!