DUBAI, United Arab Emirates, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, today announced that investors have exercised their right to purchase additional securities pursuant to the previously executed definitive agreement dated November 17, 2024, to purchase $2 million of pre-funded warrants to purchase ordinary shares in a private placement, at a purchase price of $4.79 per share. The purchasers have agreed to lock up the securities purchased in the offering for a period of 6 months, and also to transfer less than 20 percent of the securities purcha

DUBAI, United Arab Emirates, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp. ("Swvl" or the "Company") (NASDAQ:SWVL), a global technology-enabled mass transit solutions provider, is pleased to announce the appointment of Mr. Ahmed Misbah as its new Chief Financial Officer, effective immediately. Since June 2021, Mr. Misbah has been an integral part of Swvl's finance leadership, having served as Group Finance Manager, Head of Finance, and Director of Finance. During his tenure, he has played a pivotal role in overseeing accounting, reporting, cash management, budgeting, treasury, tax, and compliance across Swvl's global operations. Mr. Misbah has played a key role in the company

DUBAI, United Arab Emirates, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading technology provider of enterprise and government mobility solutions, is collaborating with Saudi Awwal Bank (SAB Bank) to launch its last-mile shuttle operations in Riyadh, Saudi Arabia. This initiative builds on the successful launch of the Riyadh Metro and aims to bridge first- and last-mile connectivity gaps, ensuring seamless access for SAB employees to the city's new metro system. SAB Bank, one of Saudi Arabia's leading financial institutions, is leveraging Swvl's first- and last-mile shuttle services to streamline employee commutes. Swvl provides shutt

DUBAI, United Arab Emirates, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading technology provider of enterprise and government mobility solutions, proudly announces the relaunch of its product in the United Arab Emirates (UAE). This move aligns with its strategy to expand into regional and global markets. Additionally, Swvl has secured four key customers in the UAE, marking a strong relaunch of its journey in adding value to the mobility ecosystem within the country. Introducing Innovative Technology in UAESwvl offers a comprehensive product suite that addresses the entire transportation ecosystem—riders, captains, transit operators,

DUBAI, United Arab Emirates, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, has announced a sustainable credit facility with HSBC Bank ("HSBC") aimed at financing Swvl's expansion of its pipeline of client contracts in the fourth quarter of 2024. Additionally, the agreement with HSBC establishes a broader strategic collaboration to enhance Swvl's financial operations as the Company continues its path to sustainable growth. The agreement with HSBC is a significant milestone that highlights Swvl's recent achievements in the enterprise mobility market, wh

DUBAI, United Arab Emirates, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leader in technology-driven mobility solutions for enterprises and governments, announces that it has entered into a three-year contract with almajal G4S ("G4S"), a leading facility management provider in the Kingdom of Saudi Arabia. This collaboration will enable Swvl to deliver innovative SaaS-based mobility solutions that boost G4S's fleet efficiency, driving operational excellence and enhancing service quality across the Kingdom. The scope of this agreement covers operations across multiple cities in the Kingdom of Saudi Arabia, including Riyadh, Jeddah, and Dam

DUBAI, United Arab Emirates, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, today announced its entry into a definitive agreement with certain investors, including several members of its board of directors, to purchase $4.7 million of ordinary shares (or their equivalent) in a private placement, at a purchase price of $4.79 per share (its closing price on November 15, 2024). The purchasers have agreed to lock up the securities purchased in the offering for a period of 6 months, and also to transfer less than 20 percent of the securities purchased for ea

DUBAI, United Arab Emirates, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, announces that it won new contracts with total value of $4.2 million with key clients in Egypt over the past three months. These recently secured contracts with leading enterprises in strategic mobility sectors, including fast-moving consumer goods (FMCG), telecom, e-commerce, consumer goods, and banking, are expected to not only drive revenue growth but also showcase how Swvl's solutions are effectively addressing the diverse transportation needs of clients across various indu

DUBAI, United Arab Emirates, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, is excited to announce the launch of its regional headquarters (RHQ) in Riyadh, Saudi Arabia. This move is a key step in supporting the Company's long-term growth and profitability plans in the Gulf Cooperation Council (GCC) by leveraging the program's benefits and participating in government contract opportunities. Swvl is thrilled to be part of Saudi Arabia's Regional Headquarters (RHQ) Program, which aligns with Saudi Arabia's Vision 2030 goals to diversify the economy and b

DUBAI, United Arab Emirates, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ:SWVL), a leading technology provider for enterprise and government mobility solutions, signed multiple new contracts in Saudi Arabia during the third quarter, contributing $2.6 million in incremental annual contract value, equal to approximately ten percent of Swvl's 2023 full year revenues. With these latest wins, Swvl's gross profit in Saudi Arabia grew by six times the amount compared to the first quarter of 2023. This growth aligns with Swvl's strategic focus on expanding its footprint in Saudi Arabia, its fastest growing market, offering a cutting-edge solution that add