Uber’s Mideast Rival Said to Seek Up to $500 Million New Funding

  • Careem said working with Credit Suisse to raise financing
  • Ride-sharing service may be valued at over $1 billion

Careem FZ, a ride-sharing service that competes with Uber Technologies Inc. in the Middle East, is seeking as much as $500 million in new funding, according to people familiar with the matter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.