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Uber Adds Saudi Investors as Pharo, Branson Shun Kingdom's Cash

Careem Networks FZ Ride Hailing Operations
Photographer: Christopher Pike/Bloomberg

As global investors reevaluate their relationships with Saudi Arabia after the killing of columnist Jamal Khashoggi, Uber Technologies Inc. just ended up with more shareholders from the kingdom.

The U.S. ride-hailing company will add Prince Alwaleed bin Talal Al Saud’s Kingdom Holding Co., Al Tayyar Travel Group Holding Co. and Saudi Telecom Co. to its shareholder base once it completes the acquisition of Dubai-based rival Careem Networks FZ.