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Emirates Telecommunications Group Company has agreed to take a 50.3% stake in a super app managed by Careem, Uber Technologies' Middle East subsidiary, in a transaction valued at $400 million,... | April 10, 2023
By Lisa Barrington DUBAI (Reuters) -Emirates Telecommunications Group Company has agreed to take a 50.3% stake in a super app managed by Careem, Uber ...
Investment comes as Emirates Telecommunications Group Company looks at scaling up consumer digital offerings
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
The Super App will be managed by Careem founders Mudassir Sheikha and Magnus Olsson.