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Aref's Stock Profile

Company Specialized in Energy Services

Company Specialized in Energy Services

Establishment: 1959
AREF Energy shareholding: 80%

The company is a registered contractor in Kuwait that has been operating in the construction business for more than four decades, providing turnkey projects for civil, electrical and mechanical works, in particular the Kuwait oil & gas industry. The company has its own ready-mix plant and an area of industrial land.

Competitive Advantage
The company is an approved contractor for the oil sector in Kuwait with long history in the local Kuwaiti market.

Future Prospect
Plans have been drawn up for a Fabrication Plant to be located on the industrial area to offer some services like fabrication, machine shop, coating and lining. The company has recently formed a strategic partnership with Biogene, to provide a strong technological edge to penetrate the potentially highly lucrative market of environmental remediation services. The company operations will be strengthened through an active investment strategy.