Energyhouse, a leading Kuwaiti oil firm, received an offer to sell its UAE-based subsidiary. The subsidiary stake amounts to 92.5 percent of the UAE company. This offer marks a key development in its investment strategy.
According to a Bourse disclosure, the proposal remains non-binding. However, Energyhouse officials confirmed that discussions are ongoing. Therefore, the company has not reached a final decision yet. Instead, it plans to review all aspects carefully.
Only after completing the evaluation will Energyhouse consider financial impacts. For now, they continue analyzing potential outcomes. Meanwhile, regional tensions between Iran and Israel continue to escalate. These developments have impacted oil markets significantly.
As a result, Fitch Ratings expects oil prices to carry a $5–$10 geopolitical risk premium. Despite these concerns, Energyhouse maintains steady performance. In the first quarter of 2025, it posted a $1.2 million profit.
Moreover, the firm has kept investing across the oil and renewable sectors. These include exploration, drilling, and energy development. Notably, the subsidiary stake in the UAE plays a critical role in its Gulf operations.
Originally, Aref Investment Group was established in 2007. Later, in 2011, Aref sold 29 percent to DEH. In 2012, DEH—part of Kuwait Finance House—acquired another 66.8 percent of the firm.
Consequently, Energyhouse became one of Kuwait’s top private energy investors. Its reach spans oil and renewable energy sectors. At the same time, Gulf countries like Kuwait are boosting energy investment. They plan to spend $50 billion in five years.
Kuwait also wants to increase oil output by 40 percent. Hence, strategic asset reviews matter more than ever. Because of this, the Energyhouse subsidiary stake decision could reshape business across the Gulf region.
For now, Energyhouse is prioritizing thoughtful, long-term decisions. Company leaders are focused on sustainable growth. Therefore, stakeholders should expect more updates soon. Energyhouse pledged to maintain transparency throughout the evaluation process.
Ultimately, this Energyhouse subsidiary stake offer reflects shifting dynamics in both regional policy and energy investment.
