Uber’s Mideast rival Careem plans 2019 IPO

Uber’s Mideast rival Careem plans 2019 IPO

Careem. Photo: Bloomberg

Careem Networks FZ, which competes with Uber Technologies Inc. in the Middle East, may sell shares to the public in the next three years after a fundraising round valued the company at about $1 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter