Action Energy Company Approves Dividend Amid Strong Financial Performance
Action Energy Company, a leading Kuwaiti onshore drilling and oilfield services provider, announced the approval of a cash dividend of 3 fils per share during its FY25 Annual General Meeting. The company reported a significant increase in financial performance, with a 53% rise in revenue to KWD 31.9 million and a 202% increase in net profit to KWD 5.7 million. The company's growth is attributed to higher rig utilization and increased oilfield services, aligning with Kuwait's upstream crude oil investment cycle. Action Energy is expanding its fleet to 27 drilling rigs to support Kuwait's national oil sector. 
