Univest Group arranges and invests in a strategic stake of Aiwa Gulf Company
Kuwait City - May 2007,Univest Group acting as the intermediary for a strategic partner (Al-Deera Holding Co) arranged for a considerable investment into Aiwagulf.com a major player in the Internet, Telecommunications and Mobile 2 TV space in the GCC.
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 per cent 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 managements continued success in sourcing new services and technologies for their subscribers.