Swvl Appoints Ahmed Misbah as Chief Financial Officer

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]