Dr. Abdulla Elyas, Magnus Olsson & Mudassir Sheikha Dr. Abdulla Elyas, Magnus Olsson & Mudassir Sheikha

Careem, the region’s ride-hailing app service, has grown from strength to strength as it now operates in more than 50 cities across 13 countries and hosts over 10 million users and 250,000 captains (drivers) in the Middle East, North Africa and South Asia region.

The company first launched in 2012 and its founders, Mudassir Sheikha, Dr. Abdulla Elyas and Magnus Olsson, are now preparing to take the company public by 2020.

After completing a decade in Silicon Valley, Sheikha moved to the UAE in 2008, and served as a management consultant for McKinsey & Company for four years before launching Careem in July 2012. As the CEO, he is responsible for defining and continuously shaping the company’s vision of simplifying people’s lives, by setting new benchmarks in the transportation sector in the region.

Sheikha is an alumnus of Stanford University and the University of Southern California in the United States. 

Elyas’ role as chief people officer oversees a broad range of operational and strategic initiatives, as well as leading the business across the Saudi Arabian market. However, prior to co-founding Careem, Elyas worked as a senior management consultant for IDS Scheer Consulting in Saudi Arabia and was a research partner for SAP in Germany. 

Before Careem, Elyas founded Enwani, an address tracking technology product, however this was later acquired by Careem.  

Olsson, the third pea in the pod, started his first company at the age of 15, and since founded two other companies, one of which was an IT consultancy, Olsson Solutions AB, that focused on supporting SMEs on comprehensive suite of products and services. After selling his company, Magnus worked as an engagement manager at McKinsey & Company, where he served clients in the high tech and IT/telecom sectors.

Careem has seen heavy investments, with the latest from Kingdom Holding Company, the investment vehicle chaired by Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, bringing Careem’s estimated valuation to more than $1bn. 

Dr. Abdulla Elyas, Magnus Olsson & Mudassir Sheikha

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Dr. Abdulla Elyas, Magnus Olsson & Mudassir Sheikha

Co-Founders, Careem

The company first launched in 2012 and its founders are now preparing to take the company public by 2020.

Hans Henrik Christensen

Director, Dubai Technology Entrepreneur Centre (DTEC) and Silicon Oasis Founders (SOF)

Hans Henrik Christensen aims to structure and establish the DTEC initiative as a leading regional incubator in the technology space.

Hosam Arab, Faraz Khalid & Hisham Zarka

Co-Founder & Managing Director, Namshi

Namshi’s founders all hold interesting pasts, with career backgrounds ranging from Google to McKinsey & Company.

Irdriss Al Rifai & Joy Ajlouny

CEO and Founder , Fetchr

Fetchr entered the UAE with the mission to transform the logistics industry.

Jon Richards

CEO and Co-Founder, YallaCompare

YallaCompare has continued to flourish, as it has raised over $9m in venture capital.

Khalfan Belhoul

CEO, Dubai Future Accelerators

Khalfan Belhoul looks to address challenges through innovation within the region.

Louis Lebbos and Muhammed Mekki

Co-Founders, Astrolabs

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Mona Ataya

CEO, Mumzworld

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CEO and Founder , Esanjo

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