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

KUWAIT--(EON:Enhanced Online News)--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.

“Al Efasy Satellite channel is the most watched religious channel in the Arab world”

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/

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