Al Deera invests $9mn in Aiwa Gulf

Kuwait's Al Deera International Communications purchases 28% of mobile technology firm's shares.

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By  Dylan Bowman Published  July 26, 2007

Kuwait’s Al Deera International Communications, a subsidiary of Al-Deera Holding, has purchased 28% of Aiwa Gulf's shares for around $9.28 million.

Aiwa Gulf is a technology company that exclusively produces mobile phone content that provides users with telecommunication services such as RBT, IVR, SMS, and MMS.

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.

Al-Deera International Communications’ investments include BPL Global, one of the world's biggest providers of smart grids and broadband over electricity.

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