Swvl Holdings Corp 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).

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”),

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 boost foreign investment.

Swvl signed multiple new contracts in Saudi Arabia during the third quarter, contributing $2.6 million in incremental annual contract value.

Swvl has announced the closing of a 5-year contract with telecom giant e& Egypt, with approximate total value of up to $6.3 million. This represents a milestone in strengthening our footprint in the Egyptian market and solidifying our position as a leader in the mobility industry.

Swvl announces a successful closure of key sales with Holiday Inn Hotel and Siemens in Saudi Arabia & Bosch in Egypt.