Tech Company M&A Transactions

Careem Acquisition

Headquartered in Riyadh, Careem was acquired by Uber. The companies indicated that total deal value was $3.1 billion.

Transaction Overview

Company Name
Acquired By
Announced On
Transaction Type
M&A Terms
Uber and Careem have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash.

Company Information

Company Status
Acquired or Merged
Mailing Address
PO Box 87912
Riyadh, 11652
Saudi Arabia
Email Address
Careem is an app-based car service that connects people to rides in a matter of minutes, at the tap of a button. Founded in 2012 by Mudassir Sheikha and Magnus Olsson - Careem started in Dubai and has since grown to 22 cities across the Middle East, North Africa and Asia.
Careem LinkedIn Company Profile
Social Media
Careem Company Twitter Account
Company News
Careem News
Careem on Facebook
Careem on YouTube

Management Team

Email & Social
Chief Executive Officer
Mudassir Sheikha
  Mudassir Sheikha LinkedIn Profile  Mudassir Sheikha Twitter Account  Mudassir Sheikha News  Mudassir Sheikha on Facebook
Chief Financial Officer
Ankur Shah
  Ankur Shah LinkedIn Profile  Ankur Shah Twitter Account  Ankur Shah News  Ankur Shah on Facebook
Magnus Olsson
  Magnus Olsson LinkedIn Profile  Magnus Olsson Twitter Account  Magnus Olsson News  Magnus Olsson on Facebook
VP - Bus. Development
Johan Persson
  Johan Persson LinkedIn Profile  Johan Persson Twitter Account  Johan Persson News  Johan Persson on Facebook
VP - Engineering
Imran Sayed
  Imran Sayed LinkedIn Profile  Imran Sayed Twitter Account  Imran Sayed News  Imran Sayed on Facebook
VP - Human Resources
Abdullah Elyas
  Abdullah Elyas LinkedIn Profile  Abdullah Elyas Twitter Account  Abdullah Elyas News  Abdullah Elyas on Facebook
VP - Human Resources
Ruth Fletcher
  Ruth Fletcher LinkedIn Profile  Ruth Fletcher Twitter Account  Ruth Fletcher News  Ruth Fletcher on Facebook
VP - Product Management
Wael Nafee
  Wael Nafee LinkedIn Profile  Wael Nafee Twitter Account  Wael Nafee News  Wael Nafee on Facebook



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Prev: 3/26/2019: Ouster venture capital transaction
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We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from, an affiliated venture.


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