Action Energy Names NIC Market Maker After 5x IPO Demand
Updated
Updated · PR Newswire · Jun 15
Action Energy Names NIC Market Maker After 5x IPO Demand
1 articles · Updated · PR Newswire · Jun 15
Summary
May 20's agreement appoints National Investments Company to make markets in Action Energy shares, aiming to lift liquidity after the Kuwait driller's December 2025 listing.
NIC will place paired buy and sell orders during trading sessions within set spreads, minimum order sizes and a required share of monthly trading value to support continuous supply and demand in ALFTAQA stock.
The move follows a strongly received IPO in which subscriptions reached 5 times the offered value, with initial coverage of KWD 276 million on Boursa Kuwait's Premier Market.
Action Energy enters the rest of 2026 with full utilization across 20 rigs, a multi-year KOC backlog and more than 1,700 staff, underscoring the operating base behind investor interest.