Swvl secures a 3-year contract worth up to $4 million, which it expects will exceed $5.2 million by contract expiry, which extends a longstanding relationship for a total of six years with this renewal Swvl's services extend to provide accessibility to remote cities like NEOM, the ambitious smart city project in Saudi Arabia currently under construction, ensuring essential connectivity The contract renewal signifies Swvl's efforts to expand across Saudi Arabia, further solidifying its regional presence as a ...

Swvl Luxury Travel offers premium airport transfers, on-demand rides, intercity travel, meet-and-greet services, and event transportation Launched and collaborating with three top chauffeur providers and two leading travel agencies across existing markets Swvl’s proprietary technology platform powers seamless booking experiences, real-time fleet optimization, and personalized service management, ensuring a world-class experience DUBAI, United Arab Emirates, May 20, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Cor ...

Financial Reporting - The consolidated statement of comprehensive income and cash flows for the year ended December 31, 2023, is reported[1] - The company experienced a material weakness in internal controls over financial reporting, specifically related to the classification of continued and discontinued operations[2] Business Operations - The company aims to provide reliable, safe, cost-effective, and environmentally responsible mass transit solutions through its technology-driven platform[18] Stock Market Activity - Ordinary shares and public warrants began trading on the Nasdaq Capital Market effective July 19, 2023, after transferring from the Nasdaq Global Market[19] - A 1-for-25 reverse stock split was implemented on January 25, 2023, affecting the share and per share amounts reported[20] Market Risks - The company is exposed to market risks including credit risk, currency risk, interest rate risk, and other price risk[605] - Credit risk arises from trade and other receivables, with ongoing credit evaluations performed to mitigate concentration risk[606] - The company is not exposed to material interest rate risk due to the absence of significant borrowings[607] - Foreign currency risk exists for transactions in currencies not pegged to the US dollar, such as Pakistani rupees and Egyptian pounds[608] - As of December 31, 2023, the company was not exposed to price risk as it had no financial instruments sensitive to market prices[610]

Core Insights - Swvl Holdings Corp has successfully completed a private placement, raising $2 million through the sale of pre-funded warrants at a price of $4.79 per share, with a lock-up period of 6 months for the purchasers [1][2][3] Group 1: Private Placement Details - The private placement closed on February 7, 2025, and the proceeds will be used for working capital and general corporate purposes, including expansion in the United States [2][3] - This investment follows a previously announced private placement of $4.7 million in November 2024, indicating ongoing investor interest and confidence in Swvl's growth strategy [3] Group 2: Business Developments - Swvl has secured multiple million-dollar contracts in Egypt, Saudi Arabia, and the UAE, and has obtained financing from HSBC to support its sales pipeline [3] - The company is preparing to accelerate its growth and expand its footprint in the United States and the Gulf Cooperation Council (GCC) region [3] Group 3: Company Overview - Swvl is recognized as a leading provider of technology-driven mobility solutions aimed at enhancing transit system efficiency and delivering safer, more reliable, and sustainable transportation options [6]

Core Insights - Swvl Holdings Corp. has appointed Mr. Ahmed Misbah as the new Chief Financial Officer, effective immediately [1][5] - Mr. Misbah has been with Swvl since June 2021, holding various finance leadership roles and contributing significantly to the company's financial operations [2][3] - His achievements include overseeing a $4.7 million private placement, securing sustainable finance with HSBC Bank, and leading the company to profitability 18 months ahead of schedule [3] Company Developments - Mr. Misbah's appointment is part of Swvl's strategy to rebuild its management team and enhance financial capabilities, focusing on accelerating reporting timelines and improving investor communications [5] - Under Mr. Misbah's leadership, Swvl experienced over 50% growth in top line revenue while reducing corporate overheads by more than 25% during the second half of 2024 [3] - The company aims to strengthen its financial resilience across existing and new markets as part of its ambitious expansion plans [5] Background of the CFO - Prior to joining Swvl, Mr. Misbah worked at PricewaterhouseCoopers LLC and held strategic finance roles in multiple startups in the Middle East [4] - He holds a Bachelor's degree in Accounting from the American University in Cairo [4]

Group 1 - SAB Bank is collaborating with Swvl to enhance employee commutes by utilizing Swvl's first- and last-mile shuttle services, connecting employees to the nearest metro stations [1][6] - The Riyadh Metro has officially launched operations, featuring six lines that cover 176 kilometers and include 85 stations, aimed at improving urban mobility and reducing traffic congestion [2] - Swvl's shuttle services are designed to address connectivity gaps between business hubs and metro stations, facilitating a smoother transition for commuters [7][8] Group 2 - Swvl's technology-driven mobility solutions aim to provide safer, more reliable, and sustainable transportation options, supporting Riyadh's transformation into a world-class urban center [8] - The collaboration with SAB Bank is part of a broader initiative to encourage public transport adoption and enhance accessibility in the city following the metro launch [6][7]

Core Insights - Swvl Holdings Corp has announced a sustainable credit facility with HSBC Bank to finance the expansion of its client contracts pipeline in Q4 2024 [1][2] - The agreement with HSBC marks a significant milestone for Swvl in the enterprise mobility market, highlighting its recent achievements and robust client pipeline [2][3] - The collaboration with HSBC aims to streamline Swvl's financial operations, enhance cash flow management, and improve overall operational efficiency [3][4] Company Overview - Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments, focusing on enhancing transit system efficiency for safer and more reliable transportation [5]

Core Insights - Swvl Holdings Corp has entered into a three-year contract with almajal G4S to provide SaaS-based mobility solutions aimed at enhancing fleet efficiency in Saudi Arabia [1][4] - The collaboration will cover operations in multiple cities, including Riyadh, Jeddah, and Dammam, with over 14,000 trips performed monthly [2] - The Swvl Mobility Platform will offer a comprehensive suite of products for fleet management, optimizing routes, real-time tracking, and advanced analytics [3] Company Overview - Swvl is recognized as a leader in technology-driven mobility solutions for enterprises and governments, focusing on enhancing transit system efficiency [4]

Group 1 - Swvl Holdings Corp has entered into a definitive agreement to purchase $4.7 million of ordinary shares in a private placement at a price of $4.79 per share [1] - The private placement is expected to close on or about November 18, 2024, and the proceeds will be used for working capital and expansion in the United States [2] - The offering is being made under an exemption from registration under the Securities Act, meaning the securities cannot be sold in the U.S. without proper registration or exemption [3] Group 2 - Swvl is recognized as a leading provider of technology-driven mobility solutions aimed at enhancing transit system efficiency for enterprises and governments [5]

Core Insights - Swvl Holdings Corp has secured new contracts worth $4.2 million with key clients in Egypt over the past three months, indicating strong demand for its mobility solutions [1][2]. Group 1: Contracts and Revenue Growth - The new contracts are with leading enterprises in strategic mobility sectors such as fast-moving consumer goods (FMCG), telecom, e-commerce, consumer goods, and banking, which are expected to drive revenue growth and expand Swvl's client portfolio [2]. - Swvl's solutions are designed to address diverse transportation needs across various industries, showcasing the effectiveness of its offerings [2]. Group 2: Service Offerings - Swvl provides both fully managed services and Software as a Service (SaaS) solutions, catering to a variety of industries and client needs [3]. - The company implements flexible models for shift-based transportation contracts, ensuring reliable transportation for workforces and student commutes [3]. Group 3: Future Plans - The CEO of Swvl expressed optimism about the company's growth and the impact of its innovative mobility solutions, with plans to launch operations in the U.S. next year [4]. - Swvl is currently evaluating multiple strategic alternatives to attract capital for accelerating its U.S. launch [4].