Some of the new money raised could go towards new business lines, one source said, adding Careem may be looking to diversify ahead of a potential initial public offering (IPO).
Saudi Arabia releases billionaire and tech investor Bin Talal
Major technology investor Prince Alwaleed bin Talal has been freed from detention by the Saudi government.
Careem to expand operations in Pakistan
Careem, Dubai-based ride-hailing firm, is planning to extend its operations across 30 new cities in Pakistan, according to a Bloomberg …
Detained Saudi Prince Alwaleed an ‘important partner’: Bill Gates
Microsoft co-founder and former CEO Bill Gates said that detained Saudi Arabia’s Prince Alwaleed bin Talal, has been an “important partner” in charitable work to improve health conditions around the globe, according to a report by Bloomberg.
Transformation Talk | Weekly news round up 09.11.17
Transformation Talk gives you a weekly roundup of the biggest news in the technology industry.
Billionaire Apple investor Prince Alwaleed detained in Saudi corruption probe
Saudi authorities have arrested billionaire global investor Prince Alwaleed bin Talal as part of an anti-corruption purge. Bin Talal, whose …
Saudi billionaire joins Daimler AG in $500m Careem funding
Prince Alwaleed bin Talal has teamed up with Daimler AG, the world’s biggest luxury-car maker, as an investor in a $500 million-fundraising bid by Dubai-based ride-hailing company, Careem.