Swvl p(SWVL)

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Swvl Launches its Regional Headquarters in Riyadh as Part of GCC Growth Strategy
GlobeNewswire News Room· 2024-10-15 11:41
Core Insights - Swvl Holdings Corp has launched its regional headquarters in Riyadh, Saudi Arabia, to support long-term growth and profitability in the Gulf Cooperation Council (GCC) [1][2] - The establishment of the RHQ aligns with Saudi Arabia's Vision 2030, aiming to diversify the economy and enhance foreign investment [2] - Swvl has been operating in Saudi Arabia for four years, providing technology-driven mobility solutions that improve transportation efficiency for businesses [3][5] Company Strategy - The company plans to leverage the incentives from the RHQ program to fuel its growth strategy across the region [2][4] - Swvl aims to contribute to Saudi Arabia's digital transformation goals while enhancing its technology-driven mobility solutions [4] Market Position - Saudi Arabia is identified as the fastest-growing and most profitable market for Swvl, indicating strong demand for its services [3]
Swvl Secures $2.6 Million in New Annual Contracts in Saudi Arabia during the Third Quarter of 2024
GlobeNewswire News Room· 2024-09-17 20:55
Core Insights - Swvl Holdings Corp has signed multiple new contracts in Saudi Arabia during Q3 2024, contributing $2.6 million in incremental annual contract value, which is approximately 10% of the company's projected full-year revenues for 2023 [1] - The company's gross profit in Saudi Arabia has increased sixfold compared to Q1 2023, reflecting its strategic focus on this rapidly growing market [1] - Swvl's technology aims to enhance operational efficiency through process automation and AI-driven solutions, providing real-time visibility and improved safety for transportation services, particularly in the education sector [3][4] Business Strategy - The new contracts will enable Swvl to deliver fully managed services and SaaS-based mobility solutions across various sectors, including education, food and beverage, healthcare, construction, and facility management in cities like Riyadh, Dammam, Madina, and Jubail [2] - The CEO of Swvl emphasized the company's commitment to addressing critical mobility challenges and enhancing operational efficiency for partners, particularly in ensuring safe transportation for schools [4] - Swvl's comprehensive mobility solutions are designed to tackle transportation challenges faced by businesses, governments, and public sector entities, focusing on reliable, safe, and cost-efficient transit services [4][5]
Swvl Secures 5-Year Contract Worth Up to $6.3 million with Telecom Giant, e& Egypt
Newsfilter· 2024-07-09 13:39
e& Egypt is one of Egypt's top techo operators, it operates under the framework of e& Group, providing reliable services in telecommunications and information technology, all powered by a strong vision to become the leading techo and with a deep commitment to the mission of enriching lives in an ever-changing world. Mostafa Kandil, CEO of Swvl, stated, "We believe that the trust placed in us by prominent partners like e& Egypt showcases how Swvl solutions can make a significant impact on the mobility landsc ...
Swvl Secures 5-Year Contract Worth Up to $6.3 million with Telecom Giant, e& Egypt
GlobeNewswire News Room· 2024-07-09 13:39
Company Overview - Swvl is a global technology provider specializing in enterprise and government mobility solutions, offering alternatives to public transportation through its proprietary app and high-quality private buses and vans [5] - The company aims to make mobility safer, more efficient, accessible, and environmentally friendly, catering to individuals who cannot access or afford private transportation options [5] Strategic Partnership - Swvl has secured a 5-year contract with e& Egypt, a leading telecom operator in Egypt, with an approximate total value of up to $6.3 million [1] - This partnership is expected to strengthen Swvl's footprint in the Egyptian market and solidify its position as a leader in the mobility industry [1][4] Industry Impact - The agreement reflects Swvl's commitment to transforming daily commutes through tech-based mobility solutions, particularly in high-density, dynamic workplace environments [4] - The company aims to redefine industry standards, drive societal impact, and pave the way for a more sustainable future in transit [2][4] Leadership Perspective - Swvl's CEO, Mostafa Kandil, emphasized that the trust placed by prominent partners like e& Egypt showcases the significant impact of Swvl's solutions on the mobility landscape [2] - The partnership is seen as a step towards profitable growth and a testament to Swvl's operational and technological capabilities [2][4]
Swvl announces the successful closure of key sales with Holiday Inn and Siemens in Saudi Arabia & Bosch in Egypt
Newsfilter· 2024-05-30 13:38
Core Insights - Swvl Holdings Corp has successfully closed key sales with Holiday Inn and Siemens in Saudi Arabia, as well as Bosch in Egypt, marking a significant step in its growth strategy [1][2][3] Company Overview - Swvl is a global technology provider focused on enterprise and government mobility solutions, offering alternatives to public transportation through a proprietary app that allows users to book rides on high-quality private buses and vans [4] Strategic Direction - The company aims to expand its client base across the GCC and North Africa, particularly in profitable markets like Saudi Arabia and Egypt, to enhance its presence and drive growth [2][3] - Swvl's partnerships with major industry players underscore its commitment to providing technology-based mobility solutions that address client needs and align with its mission to transform the mobility industry globally [3]
Swvl announces the successful closure of key sales with Holiday Inn and Siemens in Saudi Arabia & Bosch in Egypt
GlobeNewswire News Room· 2024-05-30 13:38
DUBAI, United Arab Emirates, May 30, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a technology provider for enterprise and government mobility solutions with a global footprint, announces a successful closure of key sales with Holiday Inn Hotel and Siemens in Saudi Arabia & Bosch in Egypt. As part of Swvl's direction to resume growth, Swvl expands its client base across GCC and North Africa, strengthening its presence in profitable markets such as Saudi Arabia and Eg ...
Swvl p(SWVL) - 2023 Q4 - Annual Report
2024-04-30 11:10
Strong balance sheet with no debt and more than doubled the positive equity value compared to 2022 April 30, 2024 at 6:00 AM EST Exhibit 99.1 Swvl Records $3.1m Net Profit, 13% Net Margin, and an Eightfold Growth in Gross Profit 8x Gross Profit growth year on year to $4.1 million Achieved cash flow positivity, with self-funded growth Profitable growth drove earnings per share from continuing operations to $0.61 DUBAI, United Arab Emirates, April 30, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the ...
Swvl p(SWVL) - 2023 Q4 - Annual Report
2024-04-30 10:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
Swvl p(SWVL) - 2022 Q4 - Annual Report
2023-10-31 01:58
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
Swvl p(SWVL) - 2023 Q1 - Quarterly Report
2023-03-31 20:15
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨ CONTENTS FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number: 001-41339 Swvl Holdings Corp The Offices 4, One Central Dubai World Trade Centre Dubai, United Arab Emirates (Address of principal executive office) WASHINGTON, D.C. 20549 UNITED STATES SECU ...