UBER: Female Driver Launch in Saudi Marks Milestone — But a $200M IPO Settlement Still Lingers

Court: N.D. California

Case: 3:19-cv-06361

Uber UBER is expanding its footprint in Saudi Arabia with the launch of a female-only driver service, giving women passengers the option to ride with women drivers. The rollout coincides with the 7th anniversary of women gaining the right to drive in the kingdom and aims to localize Uber’s services for cultural fit and inclusion.

• Service called “By Women, For Women”, launching in major cities
• Female passengers can select female drivers via Uber Reserve
• Pricing aligned with UberX; available in the app’s mini-menu
• Includes “Gig Sister” program to support female drivers

This move builds on Uber’s strategy to adapt globally while empowering marginalized groups. In 2023, Uber contributed nearly $293M (SAR 1.1B) to the Saudi economy, with ride-hailing revenue forecast to hit $953M in 2025, according to Statista.

Despite recent progress, Uber continues to resolve investor claims stemming from its 2019 IPO, which raised over $8.1 billion. The company has agreed to a $200 million class action settlement over accusations of misleading disclosures and safety lapses.

• May 10, 2019: Uber IPO raises $8.1B
• Aug 2019: Reports $5.24B quarterly loss; shares drop 20%
• Oct 2019: Class action lawsuit filed
• Class Period: May 10, 2019 – Nov 5, 2019

• Operating in regions without proper licenses
• Ignoring safety threats (5,981 sexual assaults, 107 crash deaths)
• Overstating growth potential and hiding structural weaknesses

• Eligible if you held UBER from May 10, 2019 – Nov 5, 2019
• Late claims still accepted, subject to court approval
• Payouts typically disbursed 8–12 months after court finalization

👉 You can check more information about it and file for a payout HERE.

As Uber rebrands its image through regional innovation, investors still await closure on one of the most controversial IPOs in tech history.