Saudi billionaire Alwaleed, Daimler invest in Uber rival Careem

Saudi billionaire Alwaleed, Daimler invest in Uber rival Careem

Careem. Photo: Bloomberg

Saudi billionaire Prince Alwaleed bin Talal has joined Daimler AG, the world’s biggest luxury-car maker, as an investor in a $500 million-fundraising by a Dubai-based ride-hailing company.

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