A Kuwaiti oil company listed on the local bourse, Energyhouse, has received an offer to sell its controlling share in its UAE subsidiary. The company is currently evaluating the proposal for its 92.5 percent stake in this subsidiary.

Energyhouse confirmed in a bourse disclosure statement that it has received a preliminary, non-binding offer. The statement indicated that the offer is under review and subject to further discussions, noting that the financial impact cannot be predicted until a thorough evaluation is completed.

According to ratings agency Fitch, the risk premium in oil prices associated with the Iran-Israel conflict is projected to remain within the range of $5 to $10. Energyhouse, along with its subsidiaries, is involved in several investment activities across the energy sector. This includes exploration, drilling, development, and production of oil and gas, as well as ventures in alternate and renewable energy sources.

Established in September 2007 as a subsidiary of Aref Investment Group (AIG), Energyhouse saw AIG sell a 29 percent equity interest to Development Enterprise Holding Company (DEH), a subsidiary of Kuwait Finance House, in 2011. Subsequently, DEH acquired an additional 66.8 percent equity interest from AIG in 2012.

As one of the key private oil groups in Kuwait, Energyhouse reported a net profit of $1.2 million in the first quarter of 2025. The oil sector in Kuwait, the UAE, and the broader Gulf region has experienced strong performance in recent years, driven by an increase in hydrocarbon industry activity.