The offering of a 45.9% stake—comprising 260 million shares—was priced at 212 Kuwaiti fils per share. The deal attracted nearly $898 million in demand, finishing more than five times oversubscribed with strong interest from local, regional, and international investors.
The transaction successfully raised KWD 55 million (USD 179
million), implying a post-offering market capitalization of KWD 120 million
(USD 391 million). The offering drew significant interest from local, regional,
and international investors, resulting in a total order book that was
oversubscribed by more than 5 times, attracting total demand of approximately KWD
276 million (USD 898 million).
The listing aims to diversify the company’s shareholder
base, enhance corporate governance frameworks, increase visibility and
transparency within the global investment community, and support growth
initiatives and balance sheet improvements across Kuwait and the broader
region.
Trading of the company's shares has commenced on Boursa
Kuwait’s Premier Market under the ticker symbol "ALF TAQA".
Founded in 2015, Al-Amaliya Energy is Kuwait’s leading oil
well drilling contractor. Headquartered in Kuwait, the company specializes in
drilling and well services that underpin production and maintenance programs in
the upstream sector. With an operational fleet of 20 rigs, the company has
built a proven track record of delivering safe and reliable field services in
strategic oilfields.
The company operates through two integrated business
segments. First: Drilling Services which are supported by a modern,
high-utilization rig fleet, and second is the oilfield services that provide comprehensive
support throughout the well lifecycle via in-house capabilities and strategic
technical partnerships.
Karim Meleka, Co-Head of Investment Banking at EFG Hermes,
said the transaction reflects growing investor confidence in Kuwait’s
regulatory environment and governance standards. Karim Galal, Executive
Director at the firm, added that Kuwait is increasingly positioned as an
attractive destination for listings due to improved liquidity and institutional
participation.
The deal caps a high-volume year for EFG Hermes. In 2025, the bank has advised on 38 regional transactions, including 16 equity capital market deals, 14 debt issuances, and eight mergers and acquisitions across Saudi Arabia, the UAE, Oman, and Egypt.