Riyadh – Mubasher: Saudi telecom company, Tadawul listed firm, said it bought 10% stake in Careem Inc. (Careem).
The deal value stood at SAR375 million ($100 million), according to a bourse filling.
The telecom firm stated that it would resort to self - finance to finance the deal.
Moreover, Saudi telecom firm mentioned that this move comes in line with its strategy to invest in the innovative digital world.
Careem was established in 2012 and has operations available in 47 cities across the Middle East and North Africa, Turkey and Pakistan, where it provides innovative, fast and convenient transport services through its website and its app. Careem.
