{"id":634695,"date":"2018-01-22T04:10:03","date_gmt":"2018-01-22T04:10:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/"},"modified":"2018-01-22T04:10:03","modified_gmt":"2018-01-22T04:10:03","slug":"careem-not-seeking-ipo-not-yet-profitable-sheikha","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/","title":{"rendered":"Careem not seeking IPO, not yet profitable -Sheikha"},"content":{"rendered":"

<\/a> IPO WATCH- <\/strong>It was never going to be on the EGX, and in any case: Careem is not actively considering an IPO<\/strong>, CEO Mudassir Sheikha says, according to The National<\/a>. \u201cIt\u2019s nowhere on the horizon, we are not actively thinking of it, we are not actively planning for it \u2026 But we are at a scale already where bankers think we should consider it \u2026 We take these meetings, but we are not actively pursuing it, we just take the meetings because they want to meet us and we listen to them,\u201d he says. Careem is still in the \u201cinvestment phase,\u201d Sheikha says, adding that the company is not yet profitable. \u201cWe do not make money yet but the business is growing quite handsomely. We are on the business plan that will make money in a couple of years,\u201d he told The National.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- It was never going to be on the EGX, and in any case: Careem is not actively considering an IPO, CEO Mudassir Sheikha says, according to The National. \u201cIt\u2019s nowhere on the horizon, we are not actively thinking of it, we are not actively planning for it \u2026 But we are at a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634695","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d8031117-f86b-439b-afb0-8e250b0ddea1","order":"0","is_powered_by":true,"section_story_id":"ae84b239-d486-4342-83dc-6e00a7f70e0f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634686],"teaser":"","voice_url":""},"yoast_head":"\nCareem not seeking IPO, not yet profitable -Sheikha - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Careem not seeking IPO, not yet profitable -Sheikha\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- It was never going to be on the EGX, and in any case: Careem is not actively considering an IPO, CEO Mudassir Sheikha says, according to The National. \u201cIt\u2019s nowhere on the horizon, we are not actively thinking of it, we are not actively planning for it \u2026 But we are at a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-22T04:10:03+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Careem not seeking IPO, not yet profitable -Sheikha\",\"datePublished\":\"2018-01-22T04:10:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/\"},\"wordCount\":150,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/\",\"name\":\"Careem not seeking IPO, not yet profitable -Sheikha - 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