Al Mowazi for Financial and Economic Services announced signing an agreement with Integrated Digital Systems (IDS) to upgrade its current website Almowazi.com enhancing its role as the main gateway for financial investors, shareholders and analysts interested in stocks and financial equities in the parallel market.
The contract signature was attended by Almowazi.com General Manager Mohannad Al Saneh, his partners Bassel Al Jarallah and Khaled Al Sayer, IDS General Manager Jamal Anouti and IDS Kuwait Operations Manager Hisham Joumaa.
On this Occasion Al Mowazi.com General Manager, Mahannad Al Saneh said: “Almowazi.com was launched in 2007 introducing electronic trading for stocks not listed in the stock exchange markets, in addition to company news, latest prices, company reports and any other information that may interest stakeholders and investors. At the time it filled a significant gap and empowered investors to make the right decisions when investing in the parallel markets.” Almowazi.com has been successful and established its credibility greatly due to ensuring the Buyer and Seller anonymity, similar to what happens in the stock exchange market, whilst order matching, establishing and ascertaining market price and a fair market value for shares .
Echoing IDS General Manager’s enthusiasm on this new cooperation in developing and upgrading Almowazi.com to provide new tools and services for its stakeholders, Al Saneh added “we are certain that the IDS pool of expertise in developing solutions for investment companies and financial brokers, especially related to online trading applications and web solutions, will greatly enhance Almowazi.com’s role as the primary financial service and resource provider related to companies that are not listed in the stock exchange markets.”
Both companies look forward to revealing the fruits of this partnership within the upcoming months. That will be attested in unprecedented trading and business intelligence tools tailored to the parallel market as well as increased interactivity, usability and performance of Almowazi.com.