The Energy House Holding Company K.S.C.P. (“Energy House”) - previously known as “AREF Energy Holding Company” - was formed in September 2007 as a subsidiary of AREF Investment Group (“AIG”). In December 2011, AIG sold a 29% equity interest in Energy House to the Development Enterprise Holding Company K.S.C. (Closed) (“DEH”), which is a wholly owned subsidiary of Kuwait Finance House (“KFH”).
In August 2012, DEH acquired an additional 66.76% equity interest in Energy House from AIG and Others, in accordance with Capital Markets Authority (CMA) Law No. 7 of 2010 and its Executive Regulations. With this acquisition, DEH currently holds 95.77% of the total outstanding shares of Energy House, and consequently, DEH is the new parent company of Energy House; with KFH being the ultimate parent company.
The Energy House is a publicly listed company on the Kuwait Stock Exchange (ticker: ENERGYH) with a fully paid-up capital of KD 75 million (~US$ 250 million). Since inception, The Energy House has managed to acquire strategic stakes in a number of energy-related companies with operations geographically spreading over different regions, but primarily within the MENA region. All of the company’s current and future investments are under the financial principles and policies of Islamic Sharia law.