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Sale of stake in Careem app brings e& $100m

By CityCalc Newsroom · Mon Jun 01 2026 · Source: AGBI

UAE telecommunications company e& has agreed to sell a 12.5 percent stake in Dubai-based Careem Technologies, the parent of a regional “super app”, to US ride-hailing company Uber. The telco will generate $100 million in cash from the stake divestment, …

UAE telecommunications company e& has agreed to sell a 12.5 percent stake in Dubai-based Careem Technologies, the parent of a regional “super app”, to US ride-hailing company Uber. The telco will generate $100 million in cash from the stake divestment, …

Curated by CityCalc from AGBI. Read the full article at the source.

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