UAE-based Waha Capital announced a 184 million dirham investment in Despegar.com, the digital platform specializing in travel and tourism services, listed on the New York Stock Exchange.
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According to the Emirates News Agency, Waha Capital, according to the agreement, entered into a private placement with Despigar, through which it invests in shares worth 184 million dirhams, where this investment will support What is new is Waha Capital’s strategy to grow and diversify its investment portfolio.
Waha Capital CEO, Amr Al Minhali, said: Waha Capital is pursuing a radical transformation strategy that aims to achieve renewed growth in the coming years, and this strategy has proven successful in financial results. For the first half of the year that was announced recently. We are confident that our current investment in Despegar will provide us with a solid base that will provide rewarding future returns for our shareholders as we overcome the impact of the Corona pandemic and look to the future ..
He added: We are looking forward to our investment in Despegar, which is a leading technology company focused on the travel and tourism services sector with a platform that is considered the best in its class and its well-established brand. And its management team is top level.
Despegar is a premium digital platform providing online travel and tourism services in Latin America, and one of the most well-known brands in the region, providing its partners and suppliers with a technology platform Comprehensive and innovative to manage the distribution of their products.
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