SWVL (NASDAQ: SWVL) signed multiple new contracts in Saudi Arabia during the third quarter of 2024, contributing $2.6 million in incremental annual contract value — equal to roughly 10% of its full-year 2023 revenue — as gross profit in the Kingdom grew six-fold versus Q1 2023.

SWVL (NASDAQ: SWVL) received a letter from The Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Rule 5450(a)(1), as its closing bid price for its Class A ordinary shares was below $1.00 per share for the last 30 consecutive business days.

SWVL (NASDAQ: SWVL) reported that it is implementing further measures as part of its previously announced and ongoing portfolio optimization program to reduce costs.

SWVL (NASDAQ: SWVL) reported positive operating cash flow and net profit for the first half of 2023, with net profit of $2.1 million and gross profit of $1.8 million, compared to a net loss of $161.6 million and gross loss of $2.7 million in H1 2022.

SWVL (NASDAQ: SWVL) achieved continued profitability in Q3 2025, with revenue growing 46% quarter-over-quarter and net profit of $0.2 million, as the Company continued scaling its enterprise mobility platform and expanding across core markets.

SWVL (NASDAQ: SWVL) received a letter from The Nasdaq Stock Market LLC confirming it had regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1), closing the matter of previous non-compliance.

SWVL (NASDAQ: SWVL) regained compliance with Nasdaq's audit committee requirements under Listing Rule 5605(c)(2), following the appointments of Ayman Ismail on May 17, 2023 and Esther Dyson on June 13, 2023, restoring the Audit Committee to three independent members

SWVL (NASDAQ: SWVL) delivered net profit of $3.1 million and a 13% net margin for fiscal year 2023, with gross profit growing more than eightfold, marking the Company's successful delivery of positive net profit and cash flow for the full year.

SWVL (NASDAQ: SWVL) received written notice from Nasdaq that, following the resignations of W. Steve Albrecht and Gbenga Oyebode from its Board of Directors and Audit Committee, the Company no longer complied with Nasdaq's audit committee requirements under Listing Rule 5605.

SWVL (NASDAQ: SWVL) received written notice from Nasdaq that it was not in compliance with Listing Rule 5450(b)(2)(A), which requires companies on the Nasdaq Global Market to maintain a minimum market value of listed securities of $50 million.