The closing of an investment round co-led by BNK Capital and Aujan Enterprises was announced by Waves, the premier online marketplace in the GCC for booking sea excursions, marine activities, and chalets.
On this occasion, the co-founder and CEO of Waves, Abdulrahman Al-Sadoun, said with pride and honor, “After the successful launch of our operations in Kuwait since 2021, we announce at Waves the closure of a successful investment round, which witnessed the joining of prominent institutional investors to our cap table, where we intend to invest a large portion of this investment in enhancing our services in the Kingdom of Saudi Arabia, participating in achieving Vision 2030 and the Red Sea projects, being our key growth priorities.”
He also added, “With the progress of the Red Sea projects, which have created exciting investment opportunities to develop tourism infrastructure and enhance marine tourism and entertainment in the region, we strongly believe in the importance of supporting these projects and integrating our services with them, with the aim of enhancing tourism. We are pleased to be part of these efforts aimed at strengthening the maritime economy and improving the quality of life in the region.”
The company has had great success in Kuwait, according to Waves’ co-founder and CFO, Sulaiman Altunaib. The company also plans to expand into new countries, like Dubai in the United Arab Emirates, and new regions, like the Eastern Province in the Kingdom of Saudi Arabia. This shows our commitment to providing customers with unique experiences wherever they are and meeting their needs in a distinguished manner by integrating a variety of complementary services.
He added, “We are committed to digitalizing the marine tourism sector in the countries we operate in, in cooperation with tourism authorities, relevant government agencies, and local partners to achieve our common goals of promoting aunique digital tourism customer experience.”
With its ability to easily book trips, water activities, and chalets online, the Waves app is regarded as the first of its kind in the world. In addition, it offers the option to order food and nautical supplies for your cruise, given that the orders are delivered to the yacht or boat prior to its departure. It all comes down to extending the digital economy into maritime services and maritime travel. The Kingdom of Saudi Arabia, Kuwait, Qatar, and the United Arab Emirates are the current countries where Waves App is available.
