ALJ launches financing program for Careem Captains

Ahmad Arrabi, general manager of Careem Saudi Arabia, left, and Dr. Khalid D. Al-Karimy, CEO, Abdul Latif Jameel Finance.
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Updated 08 March 2023
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ALJ launches financing program for Careem Captains

Abdul Latif Jameel Finance and Careem, the region’s leading multi-service platform, have announced the launch of a financing program designed specifically to allow Saudi Careem Captains in the Kingdom to finance their own cars. Abdul Latif Jameel Finance is opening the door for the Captains to continue earning an income in a reliable manner, by providing a financing solution that allows them to obtain a new vehicle. 

The financing program illustrates Abdul Latif Jameel Finance’s commitment to providing innovative financing solutions to more members of the community. The program provides Careem Captains, many whose main source of income is through the ride-hailing app, with flexible payment plans and installments to obtain any new model from several brands including Toyota, Lexus, Kia, Hyundai, Geely, Suzuki and MG vehicles. 

This financing program is also in alignment with Saudi Vision 2030 goals and initiatives to support employment rates and improve living standards in the Kingdom.

Dr. Khalid D. Al-Karimy, CEO, Abdul Latif Jameel Finance, said: “At Abdul Latif Jameel Finance, we continuously endeavor to find ways to support our community. We are aware of the various challenges facing self-employed Captains, which is why we have worked on developing this innovative program that will help them reap the full benefits from their work.”

Ahmad Arrabi, general manager of Careem Saudi Arabia, said: “We are excited to cooperate with Abdul Latif Jameel Finance to make it easier for Careem Captains to obtain new models of Toyota, Lexus, Kia, Hyundai, Geely, Suzuki and MG vehicles. This cooperation will enable more Saudi nationals to access flexible earnings through the Careem platform.” 

Careem offers Captains in Saudi Arabia 24-hour technical support, special discounts on car cleaning, and in-ride insurance coverage. Careem launched in Saudi Arabia in 2013, commencing operations in Riyadh, Jeddah, Dammam, Dhahran and Alkhobar before expanding to reach 29 cities across the Kingdom. More than 194,000 Saudi Careem Captains use the app to earn a flexible income and over 75 percent of the Captains in the Kingdom own their cars. To date, Careem Captains have completed more than 250 million trips. In 2022, earnings for Captains in Saudi Arabia totaled over SR529 million ($141 million).


iCAUR V27 conquers city roads with new energy technology

Updated 23 February 2026
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iCAUR V27 conquers city roads with new energy technology

A media test drive event focused on premium on-road driving was held in Jeddah. On Feb. 5, iCAUR invited representatives from media outlets, including leading automotive outlet Motory, to take part in an in-depth driving experience featuring the all-round hybrid SUV V27 across urban roads and intercity highways.
Guests gathered at Jeddah’s premium landmark, Millionaire Restaurant, where the iCAUR Saudi Arabia team introduced the V27’s design philosophy and key technologies. Open discussions followed, helping members of the media gain a clearer understanding of iCAUR’s brand vision and the V27’s core strengths ahead of the test drive.
The test drive route covered urban roads in Jeddah as well as inter-city highways leading to King Abdullah Economic City, providing an ideal setting to evaluate the V27’s on-road performance across varied conditions. During long-distance highway driving, range and power remain key considerations, and the iCAUR V27 demonstrated solid on-road performance. As the brand’s first mass-production model equipped with the Golden REEV system, the V27 features a dedicated 1.5T range-extender engine with a thermal efficiency of 45.79 percent. It generates 3.71 kWh of electricity per liter of fuel and delivers a combined range of over 1,000 km, effectively addressing long-distance travel concerns.
On city streets with moderate traffic, the V27 impressed with its smooth and quiet ride. The electric motors deliver responsive, linear acceleration, with seamless start-stop performance that keeps driving relaxed even in traffic. Once on open intercity highways, pressing the accelerator fully unleashes 455 hp from the dual motors, propelling the SUV from zero to 100 km/h in about five seconds. Overtaking and lane changes feel effortless, with no hint of lag at any point.
Even more impressive, this five-meter-long SUV, with a chassis tuned by the internationally renowned racing team Prodive and equipped with an intelligent all-wheel drive system, maintained precise handling at high-speed corners. The steering felt responsive and refined, while the suspension offered solid support, completely defying the typical perception of large SUVs as cumbersome. “I didn’t expect such a large SUV to handle so nimbly — it was enjoyable to drive from start to finish,” one media guest remarked after the test drive. “The intelligent cockpit exceeded all expectations, making long-distance driving both comfortable and enjoyable!”
During the test drive, several media representatives praised the V27’s Stellar Cockpit. The 15.4-inch 3K HD touchscreen delivers crisp, detailed visuals, while the smart infotainment system powered by the 8155 chip ensures smooth operation comparable to a premium tablet, with seamless swiping and no lag. Meanwhile, a temperature-controlled armrest compartment, along with ventilated and heated seats precisely calibrated to the driver’s comfort, kept the driving experience enjoyable throughout the long-distance journey.
Previous test drives at Riyadh’s Edge of the World demonstrated the V27’s off-road capabilities under challenging conditions. The Jeddah media test drive, however, offered a first-hand experience of the V27’s impressive performance in city commuting and intercity highway scenarios. It not only overcomes the typical trade-off between power and range found in conventional new energy vehicles but also seamlessly combines intelligent technology with precise handling, meeting the key expectations of Saudi drivers for on-road performance.
As a model tailored for the Middle East market, the iCAUR V27 made its global debut in the UAE on Feb. 8, followed by a launch in Bahrain on Feb. 10. The arrival of the V27 is expected to bring fresh energy and new possibilities to the region’s premium new energy mobility segment.