Swvl p(SWVL)

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Swvl Secures Sustainable Finance with HSBC to Finance New Client Contracts
GlobeNewswire News Room· 2024-11-25 12:00
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]
Swvl Signs Three Year Contract with G4S in Saudi Arabia to provide SaaS-Based Mobility Solutions
GlobeNewswire News Room· 2024-11-21 14:16
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]
Swvl Announces Pricing of $4.7 Million Private Placement Priced At-the-Market Under Nasdaq Rules to Accelerate Expansion in High Value Markets
GlobeNewswire News Room· 2024-11-18 11:00
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]
Swvl Wins $4.2 Million in New Contracts in Egypt Over the Last Three Months
GlobeNewswire News Room· 2024-11-15 11:44
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].
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
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 for individuals lacking access to private options [4] - The company's platform enables users to book rides via a proprietary app, providing access to high-quality private buses and vans, enhancing mobility efficiency and sustainability [4] Strategic Direction - The recent partnerships align with Swvl's mission to transform the mobility industry by enhancing efficiency, accessibility, and sustainability [3] - The company aims to expand its client base across the GCC and North Africa, focusing on profitable markets like Saudi Arabia and Egypt [2][3]