Prince Alwaleed's investment firm backs Careem-Uber merger talks

Prince Alwaleed's investment firm backs Careem-Uber merger talks

Prince Alwaleed Bin Talal, Saudi billionaire and founder of Kingdom Holding Co., poses for a photograph in the penthouse office of Kingdom Holding Co., following his release from 83 days of detention in the Ritz-Carlton hotel in Riyadh, Saudi Arabia, on Sunday, March 18, 2018. Photographer: Guy Martin/Bloomberg

Kingdom Holding Co., one of Careem Networks FZ’s biggest backers, supports a potential merger between the Middle East ride-hailing firm and Uber Technologies Inc., according to the head of Prince Alwaleed Bin Talal’s investment firm.

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