Wave Media Acquires Significant Stake in albrand Group in Strategic Digital Alliance

Logo of Wave Media

Wave Media, the leading indoor advertising network in the Kingdom, today announced the acquisition of a significant stake in albrand Group, a leading provider of integrated marketing and communication solutions.

This acquisition marks a strategic milestone in Wave Media's expansion strategy, diversifying its service portfolio and enhancing its ability to deliver a comprehensive ecosystem of advertising solutions to partners. The alliance combines Wave Media's expertise in digital advertising and ad-tech with albrand Group's integrated creative solutions, strengthening both parties' capabilities to deliver technology-driven, creative marketing solutions that meet the aspirations of local and regional markets.

albrand Group encompasses albrand Agency for marketing and communications, Three Lines specializing in experiential marketing and events, and Render Creative Studio specializing in creative content production and AI technologies. The Group has achieved rapid growth in the marketing and communications sector, empowering major companies and prestigious organizations to achieve remarkable success stories, reinforcing the Group's values of excellence and creativity in delivering unique solutions and services aligned with its future vision.

Hamad Alenizi, CEO of Wave Media, stated: "This acquisition empowers Wave Media to better serve its clients by offering an end-to-end, one-stop service model that combines advanced digital advertising solutions with creative and integrated marketing capabilities. Together with albrand Group, we are enhancing our ability to deliver measurable results, innovative campaigns, and sustainable impact in line with Saudi Vision 2030."

Mohannad Alghamdi, CEO of albrand Group, described the acquisition by Wave Media as: "An exceptional step that opens broader horizons for us to deliver innovative solutions that exceed client expectations. It reinforces our vision to be a driving force in the regional marketing and communications sector, delivering measurable results and lasting impact."

About Wave Media

Wave Media is the Kingdom's leading indoor advertising network, operating across 15+ cities with a presence in over 50 prime locations, reaching more than 90 million visitors annually. Leveraging advanced technologies and innovative advertising solutions, the company plays a key role in Saudi Arabia's digital transformation, aligning its strategies with Vision 2030.

About albrand Group

albrand Group is an integrated marketing and communications entity that provides integrated services through its subsidiaries: albrand Agency, Three Lines, and Render Creative Studio. The group partners with leading organizations to deliver solutions that drive measurable results.