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UAE's e& takes $400m majority stake in ride-hailer Careem's Super App

DUBAI: Emirates Telecommunications Group Co. has agreed to take a 50.3 percent stake in a super app managed by Careem, Uber Technologies' Middle East subsidiary, in a transaction valued at $400 million, e& said in a filing on Monday. The Super App will be managed by Careem founders Mudassir Sheikha and Magnus Olsson, said the company, formerly known as Etisalat Group and now
United Arab Emirates Mudassir Sheikha Magnus Olsson Abdullah Elyas Etisalat Group Emirates Telecommunications Group Co

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