Innovation in Communications Attracts Middle Eastern Investors;
Al
Nakib: Al Deera buys a strategic stake in Aiwa Gulf;
Al
Essa: Over 70,000 subscribers in the Middle East
Al Nakib: Al Deera buys a strategic stake in Aiwa Gulf
Al Essa: Over 70,000 subscribers in the Middle East
KUWAIT (Business Wire EON/PRWEB ) July 25, 2007 --
Abdulwahab Ahmad Al-Nakib, Chairman of Al Deera Holding Co.(K.S.C.C.),
announced that Al Deera International Communications Company, a
subsidiary of Al-Deera Holding Co., has purchased 28% of Aiwa Gulf’s
shares, an equivalent value of 2,628,040 Kuwaiti Dinars.
Aiwa Gulf is an Information Technology and Communication company that
exclusively produces mobile phone content that provides users with
several telecommunication services, such as RBT, IVR, SMS, MMS songs,
anthems, poems, humorous images, and religious “Ahadeeth”.
Faisal Al-Essa, Chairman and Founder of Aiwa Gulf, stated that there are
over 70,000 registered subscribers to the company’s
services in the Middle East, which reflects the company’s
successful strategies.
Aiwa Gulf was awarded the “Highest
Revenue” by the Mobile Telecommunications
Company (MTC) in appreciation of the management’s
continued success in sourcing new services and technologies for their
subscribers.
“Al Efasy Satellite
channel is the most watched religious channel in the Arab world”
The launch of Al Efasy Satellite Channel by Aiwa Gulf was a
success from the beginning as the most watched religious channel in the
Arab world. Named after the famous Quran recitalist Mishari Al Efasy,
their success was due to their innovation in content and the
modernization of style. The channel attracts audiences of all ages as
well as it is a pioneering step to present a moderate thought of Islam.
In additional to Al Efasy, Aiwa Gulf also launched Smile TV
which is the first interactive satellite channel in the Arab world.
Al-Deera International Communications has yet again added another
successful investment to its current portfolio which includes the
largest international companies in the technology and communications
field such as Sea Mobile which provides wireless
telecommunication services and transferring data in seas and oceans,
providing integrated solutions to marine industries in addition to
navigational lines, yachts, cargo ships, and marine platforms for oil
and gas sectors.
Al-Deera International Communications has also invested in BPL Global
one of the world’s biggest providers of smart
grids and broadband over electricity.
Al-Deera International Communications succeeded in cultivating a
successful portfolio of companies that has an innovative and success
strategies. Al-Deera International Communications is always in the look
out for new and unique opportunities to invest in.
About Al-Deera Holding:
Established in 1998, Al-Deera Holding is a Kuwaiti shareholding company,
listing 350 million shares on the Kuwaiti Stock Exchange since 2005
(Ticker: ALDEERA) Al Deera Holding has a paid up capital of $122 million.
About Al-Deera International Communications: Al-Deera
International for Communications" (Deera-IT) with a paid-up capital of
KD 2 million. While consolidating its market presence by entering into
strategic alliances with key partners, Deera-IT will be focusing on
state-of-the-art ventures that will help Middle East, in general, and
the Gulf Cooperation Council (GCC), in particular, keep pace with the
rapid global developments that the sector is going through.
Visit Al Deera Holding on the Web at http://www.aldeeraholding.com/
MULTIMEDIA GALLERY http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5455741
See the original story at: http://eon.businesswire.com/releases/2007/07/prweb542584.htm
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