{"id":66395,"date":"2026-06-01T17:32:28","date_gmt":"2026-06-01T14:32:28","guid":{"rendered":"https:\/\/entarabi.com\/?p=66395"},"modified":"2026-06-01T17:49:16","modified_gmt":"2026-06-01T14:49:16","slug":"e-sells-12-5-stake-in-careem-technologies-to-uber-for-aed-367-million-in-deal-supporting-next-growth-phase","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2026\/06\/e-sells-12-5-stake-in-careem-technologies-to-uber-for-aed-367-million-in-deal-supporting-next-growth-phase\/","title":{"rendered":"e&amp; Sells 12.5% Stake in Careem Technologies to Uber for AED 367 Million in Deal Supporting Next Growth Phase"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>e&amp; Signs Agreement to Partially Sell Its Stake in Careem Technologies to Uber for $100 Million<\/li>\n\n\n\n<li>Completion of the transaction will allow e&amp; to retain a 37.53% stake in Careem Technologies, while maintaining its strategic relationship with the company and supporting its future growth trajectory.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">e&amp; (Emirates Telecommunications Group Company PJSC) has signed a binding agreement with Uber Technologies to sell a 12.5% stake in Careem Technologies for $100 million (AED 367 million), in a partial divestment that reflects a strategic portfolio adjustment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">Following completion of the transaction, e&amp; will retain a 37.53% ownership stake in Careem Technologies, while maintaining its strategic alignment with the company and supporting its future growth trajectory.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The company noted that Careem Technologies has significantly strengthened its operational performance over the past two years, expanding its market share in the UAE, driven by a nearly fivefold increase in transaction volumes across its core services, including delivery, payments, and digital platforms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The deal is part of a broader strategy focused on long-term shareholder value creation, while leveraging Uber\u2019s global technology expertise to unlock synergies and support the next phase of Careem\u2019s expansion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The agreement also includes mutual put and call options over the remaining stake held by e&amp;, exercisable between September 2031 and January 2032, providing flexibility for future exit or continued participation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">e&amp; confirmed that, upon completion, it will revise the accounting treatment of its investment in Careem Technologies to the equity method in line with IAS 28 standards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" dir=\"ltr\">The transaction remains subject to regulatory approvals and customary closing conditions, with any material developments to be disclosed in accordance with applicable regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>e&amp; (Emirates Telecommunications Group Company PJSC) has signed a binding agreement with Uber Technologies to sell a 12.5% stake in Careem Technologies for $100 million (AED 367 million), in a partial divestment that reflects a strategic portfolio adjustment. Following completion of the transaction, e&amp; will retain a 37.53% ownership stake in Careem Technologies, while maintaining [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":66393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8850,1813],"tags":[12723,12722,12611],"class_list":["post-66395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture","category-transportation","tag-careem-technologies","tag-e","tag-uber-technologies"],"acf":[],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/66395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=66395"}],"version-history":[{"count":1,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/66395\/revisions"}],"predecessor-version":[{"id":66396,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/66395\/revisions\/66396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/66393"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=66395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=66395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=66395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}