KUWAIT CITY, Aug. 12, 2026 /PRNewswire/ -- In interviews with CNBC TV and Bloomberg TV, Eng. Rawaf Bourisli, Vice Chairman of Action Energy Company K.S.C.P. (Bloomberg: ALFTAQA KK) (Reuters: ALFTAQA.KW), said Kuwait's national oil companies have shown exceptional capability in navigating ongoing regional challenges, reaffirming Action Energy Company's (AEC) commitment to supporting Kuwait's upstream energy sector and Kuwait's long-term production objectives, including Kuwait's target of increasing production capacity to four million barrels per day by 2035.
Eng. Boursli added that the company's contracted backlog has reached a record level of approximately US$1.1 billion mainly with Kuwait Oil Company ("KOC"), Kuwait's national oil company, providing strong revenue visibility over the coming years. He noted that approximately 39% of the backlog comprises integrated, high-value oilfield services, which are expected to become an increasingly significant contributor to the company's financial performance during the second half of 2026 and into early 2027.
Commenting on the Board of Directors' recommendation to distribute the company's first interim cash dividend of 3 fils per share, Eng. Boursli said: "This recommendation reflects a healthy balance sheet and a commitment to delivering sustainable shareholder value. We remain focused on executing a disciplined strategy that balances investment in growth with profitability, enabling us to continue expanding the business while creating long-term value for our shareholders."
On the regional front, Eng. Boursli said the company's international expansion has moved from strategy to execution, anchored by its first joint venture (JV) with Kellton to deploy artificial intelligence solutions for well control digitalization and real-time monitoring. The joint venture is also preparing to open its first regional office in Doha during the third quarter of 2026, marking the first step in its broader GCC expansion plans. Through this JV, the company aims to help energy operators across the region modernize their operations, improve decision-making, and maximize the value of their assets.
In H1 2026, Action Energy reported revenue of KWD 18.1 million, up 34.4% year over year, EBITDA of KWD 9.0 million, up 28.3%, and net profit of KWD 4.4 million, representing year-over-year growth of 96.6%.
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Kuwait's Action Energy Company's Bourisli to Bloomberg: National Oil Companies Have Demonstrated Strong Capability in Navigating Regional Challenges and The Company Supports Kuwait's 2035 Production Growth Targets
Launched to mark the company's 10th anniversary, Osara Health's Global Cancer Support Declaration has already secured signatures from healthcare professionals worldwide.
NEW YORK, Aug. 12, 2026 /PRNewswire/ -- Osara Health, a global digital health company focused on the human experience of cancer care, marks 10 years since its founding with 527 healthcare professionals signing its Global Cancer Support Declaration.
Launched earlier this year, the declaration calls for people living with and beyond cancer to receive support that extends beyond treatment. Signatories include oncologists and cancer specialists worldwide, with a goal of 2,000 signatures by year-end.
Founded in 2016, Osara Health delivers cancer support programs through leading insurers and employers across the United States, Canada, Australia, and New Zealand.
The milestone comes as cancer's impact on working-age populations grows. 45% of cancer diagnoses occur during working life, while improving survival means more people are living with and beyond cancer.
Today, Osara Health supports more than 11 million covered lives through partnerships with organizations including MetLife, Manulife, Guardian, Allstate Benefits, nib, GMHBA, and UniMed. Its programs are backed by more than 11 peer-reviewed studies, including recent findings published in JMIR Cancer in 2026 showing significant improvements in physical and mental health outcomes.
"As an oncologist, I watched people receive excellent treatment and then return home to manage fear, fatigue, work, and family largely on their own. Osara Health was founded to address the human side of cancer: how people feel, function, and live after diagnosis. Seeing colleagues around the world put their names to that belief is the best anniversary gift we could ask for," said Dr Raghav Murali-Ganesh, CEO, Co-Founder of Osara Health, and Radiation Oncologist.
"We started with an app, but the lesson of our first decade is simple: people do better when someone is in their corner between appointments," said Tim Atkins, Co-Founder and COO of Osara Health. "The declaration is an invitation to make that support standard, wherever someone is diagnosed."
To mark the anniversary, Osara Health has released 10 Years Supporting the Human Side of Cancer, available at https://osarahealth.com/2026-declaration.
About Osara Health
Osara Health is a global digital health company transforming the human side of cancer care through evidence-based behavior change science, human coaching, and digital tools. Learn more at osarahealth.com.
Media Contact
Paul Oganyan, Senior Marketing Manager
marketing@osarahealth.com
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Osara Health Marks 10 Years with Global Call to Make Cancer Support Beyond Treatment Standard
