BRIEF-Saudi's Seera Group Sells Its 1.25 Mln Shares In Uber For SAR 380 Mln-March 2024-www.financetom.com

BRIEF-Saudi's Seera Group Sells Its 1.25 Mln Shares In Uber For SAR 380 Mln

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BRIEF-Saudi's Seera Group Sells Its 1.25 Mln Shares In Uber For SAR 380 Mln

Mar 4, 2024 10:56 PM

March 5 (Reuters) - SEERA HOLDING GROUP SJSC:

* UPDATES ON CAREEM INCS AGREEMENT WITH UBER TECHNOLOGIES

INC TO

ACQUIRE CAREEMS ASSETS FOR $3.1 BILLION

* GROUP ANNOUNCES COMPLETION OF THE SALE OF ITS SHARES,

AMOUNTING

1,249,264 SHARES, IN UBER FOR A TOTAL VALUE OF SAR 380.0 MILLION

* DEAL YIELDED A TOTAL ADDITIONAL GAIN FOR GROUP OF SAR

164.6

MILLION FOR PERIOD POST 30 SEPTEMBER 2023

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