UAE's e& takes $400 million majority stake in ride-hailer Careem's Super App

FILE PHOTO: Careem CEO, Mudassir Sheikha shows the logo of the company's delivery service Careen NOW on his mobile at the company headquarters in Dubai, UAE December 13, 2018. REUTERS/Satish Kumar/File Photo

(Corrects stake to 50.03% from 50.3% in paragraph 1)

DUBAI (Reuters) -Emirates Telecommunications Group Company has agreed to take a 50.03% stake in a super app managed by Careem, Uber Technologies' Middle East subsidiary, in a transaction valued at $400 million, e& said in a filing on Monday.