{"id":87347,"date":"2023-12-11T00:00:00","date_gmt":"2023-12-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/"},"modified":"2023-12-11T00:00:00","modified_gmt":"2023-12-11T00:00:00","slug":"abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/","title":{"rendered":"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app"},"content":{"rendered":"

Abu Dhabi National Hotels Company acquires a 50% stake in M Five Cleaning <\/strong>Services,<\/strong> a UAE-based housekeeping and cleaning firm, according to an ADX disclosure<\/a>. The financial details of the transactions were not disclosed. <\/p>\n

Looking forward: <\/strong>The company plans to explore new markets, particularly in North Africa and Europe, aiming for global expansion, the company's CEO, Khalid Anib said in September, Arab News<\/a> reports. <\/p>\n

About Abu Dhabi National Hotels Company: <\/strong>Established in 1976, Abu Dhabi National Hotels (ADNH) has evolved from a hotel owner and asset manager into a diversified hospitality group encompassing hotels, restaurants, destination management services, catering, and transportation. The company's hotel portfolio includes The Ritz-Carlton Abu Dhabi Grand Canal, The Park Hyatt Abu Dhabi Hotel & Villas and Le Meridien Abu Dhabi. <\/p>\n

IN OTHER M&A NEWS-<\/strong><\/p>\n

e& now owns half of Careem\u2019s super app:<\/strong> Telecom giant e& has acquired a majority stake in Careem\u2019s super app<\/a> for USD 400 mn according to a bourse filing<\/a> on the ADX. The transaction was inked back in April<\/a> with the creation of a new entity dubbed \u201cCareem Everything App,\u201d which separates Careem\u2019s ridesharing business, fully owned by Uber, from its non-rishesharing business. <\/p>\n

The new app is an amalgamation of various services<\/strong> featuring food and grocery delivery, micro-mobility, a digital wallet, fintech services, and other third-party services including home cleaning, car rental and laundry, the press release reads. <\/p>\n","protected":false},"excerpt":{"rendered":"

The financial details of the transactions were not disclosed<\/p>\n","protected":false},"author":1,"featured_media":87348,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[2392],"tags":[402,403,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-abu-dhabi-national-hotels-company","tag-m-five-cleaning-services","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"2815d405-95cb-444c-a67d-cf42b1868b36","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/544.jpg","photo_position":"below","homepage_title":"","full_issue_title":"reword: Abu Dhabi National Hotels Company obtains 50% ownership stake in M Five Cleaning Services","related_issue":[87338],"teaser":"The financial details of the transactions were not disclosed","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.4de1c61e-b765-447d-8109-7b2c7e9d7f58.mp3"},"yoast_head":"\nAbu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app - UAE<\/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\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app\" \/>\n<meta property=\"og:description\" content=\"The financial details of the transactions were not disclosed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-11T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1\" \/>\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\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app\",\"datePublished\":\"2023-12-11T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/\"},\"wordCount\":254,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abu Dhabi National Hotels Company\",\"M Five Cleaning Services\",\"M&A WATCH\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/\",\"name\":\"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-12-11T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/","og_locale":"en_US","og_type":"article","og_title":"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app","og_description":"The financial details of the transactions were not disclosed","og_url":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/","og_site_name":"UAE","article_published_time":"2023-12-11T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app","datePublished":"2023-12-11T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/"},"wordCount":254,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1","keywords":["Abu Dhabi National Hotels Company","M Five Cleaning Services","M&A WATCH"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/","url":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/","name":"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1","datePublished":"2023-12-11T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2023\/12\/11\/abu-dhabi-national-hotels-company-acquires-50-stake-in-m-five-cleaning-services-e-now-owns-half-of-careems-super-app\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Abu Dhabi National Hotels Company acquires 50% stake in M Five Cleaning Services + e& now owns half of Careem\u2019s super app"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/544.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/87347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=87347"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/87347\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/87338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/87348"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=87347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=87347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=87347"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=87347"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=87347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}