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UAE: e& to take $400 million majority stake in ride-hailer Careem s Super App

The app offers over dozen services, including food and grocery delivery, a digital wallet and additional 3rd-party services such as home cleaning, car rental and lau.

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UAE tech giant e& to invest $400m in Careem Super App for majority stake

Uber will still retain full ownership in Careem's ride-hailing business

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Explainer: e& buys majority stake in Careem s Super App: What we know so far - News

The UAE and the Gulf countries have seen a flurry of merger and acquisition activities in the post-pandemic period.

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UAE-based telecom-tech company e& to acquire Careem s super app

With a $400 million investment, e& will become a majority shareholder in Careem's super app, alongside Uber and all three of Careem's co-founders.

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UAE Business: e& invests $400m to buy majority stake in Careem Super App

UAE’s global technology and investment group, e& is investing

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