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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
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]
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 ...