09:13 AM EDT, 07/31/2026 (MT Newswires) -- Emirates Telecommunications Group Co. (ADX:EAND), d/b/a e&, said Friday it completed the disposal of a 12.5% stake in Careem Technologies to Uber Technologies (UT8.F, UBER.VI). The Emirati telecommunications company, which held a 50.03% stake in Careem before the transaction, sold the minority shareholding for $100 million. The agreement includes a put option for e& to require Uber to purchase its remaining stake in Careem, as well as a reciprocal call option for Uber to compel e& to sell its remaining shares. The options are exercisable between Dec. 1, 2031, and Jan. 31, 2032.

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