{"id":650713,"date":"2017-03-30T03:55:15","date_gmt":"2017-03-30T03:55:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/"},"modified":"2017-03-30T03:55:15","modified_gmt":"2017-03-30T03:55:15","slug":"careem-looking-for-acquisition-opportunities-considering-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/","title":{"rendered":"Careem looking for acquisition opportunities, considering IPO"},"content":{"rendered":"<p><strong>Ridesharing service Careem is looking for acquisition opportunities and is considering an initial <\/strong><strong>public offering <\/strong>but has no timeframe in mind, founder Mudassir Sheikha told <a href=\"http:\/\/www.reuters.com\/article\/us-careem-ipo-idUSKBN17018U\">Reuters<\/a>. Asked if 2019 was a target date, he said \u201cit is hard to predict,\u201d noting that the company has not hired bankers or advisors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ridesharing service Careem is looking for acquisition opportunities and is considering an initial public offering but has no timeframe in mind, founder Mudassir Sheikha told Reuters. Asked if 2019 was a target date, he said \u201cit is hard to predict,\u201d noting that the company has not hired bankers or advisors.<\/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-650713","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2618181d-08fa-43e8-9184-c5b44c401327","order":"0","is_powered_by":true,"section_story_id":"e0278b1f-060b-4415-941b-e5f1ae34aa46","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650703],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Careem looking for acquisition opportunities, considering IPO - 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\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Careem looking for acquisition opportunities, considering IPO\" \/>\n<meta property=\"og:description\" content=\"Ridesharing service Careem is looking for acquisition opportunities and is considering an initial public offering but has no timeframe in mind, founder Mudassir Sheikha told Reuters. Asked if 2019 was a target date, he said \u201cit is hard to predict,\u201d noting that the company has not hired bankers or advisors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-30T03:55:15+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Careem looking for acquisition opportunities, considering IPO\",\"datePublished\":\"2017-03-30T03:55:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/\"},\"wordCount\":56,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/\",\"name\":\"Careem looking for acquisition opportunities, considering IPO - 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The watchdog originally said it would take 60\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597774,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/egyptian-competition-authority-uber-careem-meet-to-smooth-out-regulatory-snags-in-merger-process\/","url_meta":{"origin":650713,"position":1},"title":"Egyptian Competition Authority, Uber, Careem meet to smooth out regulatory snags in merger process","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"Competition authority meets with Uber, Careem on merger: The Egyptian Competition Authority (ECA) met on Thursday with representatives from Uber and Careem to discuss the regulatory approvals necessary for the ride-hailing companies\u2019 planned merger, the ECA said in a statement (pdf). The sit-down \u201cfocused on the extent to which investments\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594361,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/jordanian-authorities-sign-off-on-uber-careem-merger\/","url_meta":{"origin":650713,"position":2},"title":"Jordanian authorities sign off on Uber-Careem merger","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"Jordanian authorities sign off on Uber-Careem merger: Jordan\u2019s Industry, Trade, and Supply Minister Tariq Hammouri last week approved Uber\u2019s planned USD 3.1 bn acquisition of Careem after deciding that the transaction would have \u201climited\u201d negative effects on the market, the ministry said in a statement (pdf). 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The Dubai-based\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602524,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/eca-launches-poll-to-assess-effects-of-uber-careem-acquisition-agreement\/","url_meta":{"origin":650713,"position":4},"title":"ECA launches poll to assess effects of Uber, Careem acquisition agreement","author":"enterpriseam admin","date":"31 March 2019","format":false,"excerpt":"Competition authority launches polls on Uber-Careem tie-up: The Egyptian Competition Authority (ECA) has launched two opinion polls for drivers and users of ride-hailing apps to analyse the effects of Uber\u2019s recent USD 3.1 bn acquisition agreement with Careem, according to two separate ECA statements (a driver\u2019s survey and a rider\u2019s\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566957,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/08\/uber-careem-merger-official-in-egypt-saudi-uae-jordan\/","url_meta":{"origin":650713,"position":5},"title":"Uber-Careem merger official in Egypt, Saudi, UAE, Jordan","author":"enterpriseam admin","date":"8 January 2020","format":false,"excerpt":"M&A WATCH- Uber-Careem merger done in Egypt, Saudi, UAE, Jordan: Uber has formally closed its acquisition of Careem in most major markets, including Egypt. 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