Sunday 18, June 2017 by Jessica Combes

KHC acquires seven per cent stake in Careem for $62 million

 

Saudi Arabia’s Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, acquired a seven per cent stake in Careem through a Secondary Share purchase as well as participating in the latest Primary Round E-1 Capital Raise amounting to a total transaction value of $62 million.

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