Action Energy Company has announced the signing of a market maker agreement with National Investments Company (NIC), aimed at enhancing liquidity and improving trading efficiency for its listed shares.
The agreement follows
strong investor demand for Action Energy Company’s initial public offering,
which saw significant oversubscription and robust participation from both local
and international investors.
The arrangement is
intended to support more consistent trading activity and strengthen market
depth for the company’s stock, traded under the ticker “ALFTAQA” on the Premier
Market of Boursa Kuwait.
Under the terms of the
agreement, National Investments Company will act as market maker by placing
simultaneous buy and sell orders during trading sessions.
These orders will be
executed within a defined price spread and minimum order size, while also
maintaining activity levels linked to a set proportion of monthly trading
volume.
The mechanism is
designed to help stabilise liquidity and ensure smoother price discovery for
investors.
National Investments
Company also played a key role in Action Energy Company’s IPO process, serving
as Sole Listing Advisor, Sole Subscription Agent, Joint Global Coordinator, and
Joint Bookrunner for the offering, which was completed in December 2025.
The IPO attracted
strong demand, with total subscriptions reaching approximately 5.0 times the
offered shares and total coverage of around KWD276 million ($893 million).
The new agreement
reinforces both companies’ commitment to developing an active and efficient
trading environment for the recently listed energy services firm. -OGN/ TradeArabia News Service