Asian Energy Services subsidiary completes dual acquisition

Asian Energy Services Limited announced on August 30, 2025, the completion of the acquisition of 100% of the share capital of Kuiper Holdings Limited and Kuiper Group Limited. This acquisition was executed by Asian Oilfield & Energy Services DMCC ("Asian DMCC"), a wholly owned subsidiary of Asian Energy Services.

The acquisition includes Kuiper Holdings Limited, based in Abu Dhabi Global Market, UAE, and Kuiper Group Limited, located in the Cayman Islands. The transaction was officially completed on August 29, 2025, following an earlier intimation dated April 18, 2025, regarding a share purchase agreement.

This strategic move expands the company's asset base and operational reach, enhancing its portfolio in the energy services sector. The company's compliance officer, Shweta Jain, confirmed the details, urging the market to take note of the development.