Riyadh - Sharikat Mubasher: Waves, the GCC online marketplace for booking sea trips, marine activities and chalets, successfully closed an undisclosed pre-Series A round led by BNK Capital and Aujan Enterprises, with participation from prominent institutional investors, the company announced in a statement.

Waves will utilize the funds to upgrade its services in Saudi Arabia, participating in achieving Vision 2030 and the Red Sea projects.

Waves application provides a diverse range of services, including booking trips, marine activities, and chalets, as well as ordering food and marine equipment with the cruise.

Abdulrahman Al-Sadoun, Co-founder and CEO of Waves, said: “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.”

Meanwhile, Sulaiman Altunaib, Co-founder and CFO of Waves, affirmed the company’s aspirations to expand its presence in new markets in Saudi Arabia and the UAE.

He stated that these expansion plans reflect the company’s commitment to providing unique experiences for customers and meeting their needs in an exceptional manner by integrating a variety of complementary services.

“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 a unique digital tourism customer experience,” Altunaib elaborated.

Waves application is currently operational in Kuwait, Saudi Arabia, Qatar, and the UAE.