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UAE's Emaar Group Acquires 50.03% Stake in Careem Super App for $400 Million
April 10th, 2023 - 09:39 GMT

Emaar acquires 50.03% stake in Careem super app

ALBAWABA - The United Arab Emirates's Emaar Group announced that it has acquired a 50.03 percent stake in the Careem Super App through a binding agreement with Uber. The deal is worth $400 million, the firm said in a statement. Under the agreement, Careem's ride-hailing business, which is fully owned by Uber, will be separated from the Careem Super App. However, Uber will still have a stake in the app ...
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