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Stars of 2019

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Magnus Olsson and Mudassir Sheikha

Magnus Olsson and Mudassir Sheikha

Company:

Careem

Designation:

Co-founders

The pioneering duo launched Careem as a ride-hailing app in 2012, only to turn it into one of MENA’s most successful stories. It has created mobility for 35 million people; it is available in 100 cities and has created more than 1 million jobs. The Dubai-based company was acquired this year by international rival Uber as part of a $3.1bn deal.

Careem is expanding its platform beyond ride-hailing and into payments, delivery and mass transportation.

Sheikha was honoured for his success at the annual Arabian Business Achievement Awards in October.

At the ceremony he said: “This exit might have happened but we don’t think our job is done. We’re just getting started.”

In paying tribute to Sheikha, Bassel Al Nahlaoui, managing director of Careem for the Gulf and Pakistan, complemented him on his strong work ethic and humbleness.

“I was very inspired by his ambition and his vision... I’ve seen him talk to a Careem captain in the same way that he has spoken to ministers and presidents,” Al Nahlaoui said.