Waves App Closes Pre-Series A Funding Round Led by BNK Capital and Aujan Group

Waves, the app for booking marine trips, activities, and chalets, announced the successful closure of a Pre-Series A funding round led by BNK Capital and Aujan Group.

Launched in Kuwait in 2021, Waves offers services for booking marine trips, activities, and chalets, as well as pre-ordering meals and marine equipment with delivery to the trip location before departure.

Currently, Waves operates in Kuwait, Saudi Arabia, Qatar, and the United Arab Emirates. The new funding round aims to enhance its services in Saudi Arabia, with a focus on supporting Red Sea projects, which are a strategic priority for Waves.

Abdulrahman Alsadoun, co-founder and CEO of Waves, emphasized the importance of supporting Red Sea projects and integrating Waves’ services with them to boost marine and recreational tourism in the region.

Sulaiman Al-Tunaib, co-founder and CFO of Waves, indicated that the company aims to expand its presence to new locations such as Dubai in the UAE and new areas like the Eastern Province in Saudi Arabia.

Waves is committed to digitizing the marine tourism sector in the countries it operates in, in collaboration with tourism authorities, relevant government bodies, and local partners, to enhance the quality of life and provide a unique digital tourism experience for its customers.

With the closure of the funding round, Waves plans to offer distinguished services and unique experiences to customers, with a focus on boosting marine tourism in the region.

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