Waha Capital completed a $50m investment in Despegar.

Waha Capital, an Abu Dhabi-listed investment company, completed a $50m investment in Despegar, an online travel agency in Latin America. "With its unique combination of broad product offerings and payment capabilities, Despegar has attained a leading position in online travel bookings in the region. We are excited about this investment as we see a potential for significant value creation, and it further diversifies our portfolio, both in terms of sector and geography. This investment helps ensure that Despegar has the resources to sustain market leadership and emerge from the current economic environment stronger," Amr Al Menhali, Waha Capital CEO.