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Ober acquired Karim for $ 3.1 billion in the largest acquisition of a technology application in the region.
Ober said that $ 3.1 billion consisted of $ 1.7 billion in convertible bonds and $ 1.4 billion in cash.
Prince Alwaleed bin Talal, chairman of the holding company, which holds a 7% stake in Karim, is pleased with the deal and has confirmed his support.
Karim is one of the most valuable technology companies in the Middle East, while Ober, which becomes a publicly traded company this year, is looking for new ways to grow while facing fierce competition in basic passenger services.
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