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e& Sells 12.5% Stake in Careem to Uber for $100 Million

UAE-based e& Group has signed a binding agreement with Uber Technologies to sell 12.5% of its 50.03% stake in Careem Technologies. This deal is valued at $100 million, reflecting e&'s strategic approach to capital management and continued support for Careem's growth.

AI Asim Ibrahim Updated 0 min read
e& Sells 12.5% Stake in Careem to Uber for $100 Million

The UAE-based e& Group has signed a binding agreement with Uber Technologies to sell 12.5% of its 50.03% stake in Careem Technologies. This deal is for a total cash amount of $100 million (367 million dirhams), according to a company disclosure to the Abu Dhabi Securities Exchange.

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