Nasdaq: SWVL

Powering the Future of Enterprise Mobility.

Swvl is a leading provider of technology-enabled mass mobility solutions. In FY2025, Swvl achieved its first full-year net profit of $1.3M on revenue of $24.2M.
232Mn
Total bookings
4Mn
Customers
38K
Total captains
39K
Total Vehicles
Financial reports and fillings
$24.2M
Revenue (+41%)
$1.3M
Net income
$4.4M
Gross profit
128%
Net dollar retention
$38.2M
Contracted backlog
84%
Recurring revenue
Document
Q1
H1
Q3
FY 2026
Press Release
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Financial Report
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Presentation
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SEC Filing
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$24.2M
Revenue (+41%)
$1.3M
Net income
$4.4M
Gross profit
128%
Net dollar retention
$38.2M
Contracted backlog
84%
Recurring revenue
Document
Q1
H1
Q3
FY 2025
Press Release
View
PDF
PDF
View
Financial Report
View
View
View
View
Presentation
PDF
PDF
PDF
PDF
$24.2M
Revenue (+41%)
$1.3M
Net income
$4.4M
Gross profit
128%
Net dollar retention
$38.2M
Contracted backlog
84%
Recurring revenue
Document
Q1
H1
Q3
FY 2025
Press Release
--
View
--
PDF
Financial Report
--
View
--
View
Supplementary Information
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View
--
PDV
SEC Filing
--
View
--
View
$24.2M
Revenue (+41%)
$1.3M
Net income
$4.4M
Gross profit
128%
Net dollar retention
$38.2M
Contracted backlog
84%
Recurring revenue
Document
Q1
H1
Q3
FY 2023
Press Release
--
--
--
PDF
Financial Report
--
--
--
View
Supplementary Information
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--
--
View
SEC Filing
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View
$24.2M
Revenue (+41%)
$1.3M
Net income
$4.4M
Gross profit
128%
Net dollar retention
$38.2M
Contracted backlog
84%
Recurring revenue
Document
Q1
H1
Q3
FY 2022
Press Release
--
--
--
PDF
Financial Report
--
--
--
PDF
Supplementary Information
--
--
--
View
SEC Filing
--
--
--
View
$24.2M
Revenue (+41%)
$1.3M
Net income
$4.4M
Gross profit
128%
Net dollar retention
$38.2M
Contracted backlog
84%
Recurring revenue
Document
Q1
H1
Q3
FY 2021
Press Release
--
--
--
--
Financial Report
--
--
--
--
Presentation
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SEC Filing
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Corporate Governance

Mostafa Kandil
Chairman & CEO
Ahmed Misbah
CFO
Abdelrahman Sukar
VP UAE
Sherif Fouda
MD Egypt
Khaled Metwally
VP KSA
Shahzeb Memon
VP USA
Governance Documents
Code of Conduct and Ethics
ESG Reporting
ESG Report
Board Diversity Matrix
Board Diversity Matrix 2024
Board Diversity Matrix 2023
Swvl Announces Q1 2026 Results; Revenue Up 68%; GCC Revenue Up 111%; Dollar-Pegged Revenue Up 110% and Net Dollar Retention of 114%
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Newsroom

October 12, 2026
Swvl Announces H1 2026 Results; Revenue Up 59% to $16.2 Million; GCC Revenue Up 107%; Dollar-Pegged Revenue Up to 44% of Revenue; Net Dollar Retention of 123%

SWVL (NASDAQ: SWVL) grew H1 2026 revenue 59% year-over-year to $16.2 million, led by 107% growth in the GCC ($7.1M) and 35% growth in Egypt ($9.1M). Recurring revenue reached 88% of total, dollar-pegged revenue rose to 44%, net dollar retention stood at 123%, and operating expenses fell to 25% of revenue from 29%.

October 1, 2026
Swvl Establishes Presence in Madinah, Launching 24/7 Shuttle Service Across Seven Hotels in the Pilgrimage Transport Segment

Swvl (NASDAQ: SWVL) launched a 24/7 shuttle service across seven hotels in Madinah, Kingdom of Saudi Arabia, connecting guests to Al-Masjid an-Nabawi and the city's most visited sites, marking the Company's entry into the pilgrimage transport segment and deepening its presence in the KSA, one of its most strategic growth markets.

August 31, 2026
Swvl Secures Its First Working Capital Facility in the UAE with Zelo to Accelerate Growth in Its Fastest-Growing Market

SWVL (NASDAQ: SWVL) signed a new contract with Bank Albilad, one of Saudi Arabia’s leading banks, extending its enterprise mobility platform into the Kingdom’s banking sector. The contract adds to a series of multi-year GCC contract wins across Kuwait, the UAE and Saudi Arabia.

June 16, 2026
Swvl Announces Q1 2026 Results

Swvl (NASDAQ: SWVL) grew Q1 2026 revenue 68% year-over-year to $8.2 million, led by 111% growth in the GCC ($3.6M) and 45% growth in Egypt ($4.6M). The operating loss narrowed 71% to near breakeven as operating expenses fell to 25% of revenue from 34%.

July 7, 2026
Swvl Expands its Service into Saudi Arabia's Banking Sector with Bank Albilad

SWVL (NASDAQ: SWVL) signed a new contract with Bank Albilad, one of Saudi Arabia’s leading banks, extending its enterprise mobility platform into the Kingdom’s banking sector. The contract adds to a series of multi-year GCC contract wins across Kuwait, the UAE and Saudi Arabia.

August 26, 2026
Swvl Announces Pricing of $1.5 Million Private Placement Priced At-the-Market Under Nasdaq Rules Upsizing Its Strategic Round to $14.5 Million

SWVL (NASDAQ: SWVL) entered into a definitive agreement with Sofico Holdings Limited to purchase $1.5 million of ordinary shares at $1.46 per share, upsizing the Company's strategic investment round — together with the placement announced August 25, 2026 — to approximately $14.5 million.

August 25, 2026
Swvl Announces $13 Million Strategic Investment Round

SWVL (NASDAQ: SWVL) entered into a definitive agreement for a $13 million strategic investment priced at-the-market under Nasdaq rules, led by Coefficient LP and backed by the Sawiris family, to anchor its next phase of growth and U.S. expansion.

April 20, 2026
Swvl Regains Compliance with Nasdaq Continued Listing Requirements

SWVL (NASDAQ: SWVL) regained compliance with Nasdaq's continued listing requirements, meeting the minimum stockholders' equity and net income thresholds based on its FY 2025 results, resolving the Company's prior compliance issues and securing its continued listing.

April 20, 2026
Swvl Announces FY 2025 Results

SWVL (NASDAQ: SWVL) delivered a financial turnaround in FY 2025, with revenue up 41% to $24.2 million and net income of $1.3 million, driven by enterprise growth and cost discipline. Operating losses narrowed 94%, recurring revenue reached 84%, and the Company enters 2026 with a $38.2 million backlog.

July 25, 2022
UK Opposition Leader Keir Starmer's visit to door2door

SWVL (NASDAQ: SWVL) welcomed UK Labour Party Leader Keir Starmer and Shadow Foreign Secretary David Lammy to door2door, its Berlin-based transit-tech subsidiary, underscoring the role of innovative mobility companies in building a greener transportation ecosystem.

July 28, 2021
Swvl, A Transformative Mass Transit Platform, Announces Business Combination with Queen’s Gambit Growth Capital

SWVL (NASDAQ: SWVL) entered into a definitive agreement for a business combination with Queen's Gambit Growth Capital, taking the Company public on Nasdaq as Swvl Holdings Corp with gross proceeds of up to approximately $445 million, including a $100 million PIPE anchored by Agility and Zain.

July 13, 2022
Swvl's Founders, SPAC Sponsor and Certain Pre-Business Combination Investors Voluntarily Extend Lock-Up Reinforcing Long-Term Commitment

SWVL (NASDAQ: SWVL) saw its founders, SPAC sponsor and certain pre-business combination investors voluntarily extend their lock-up agreements, covering approximately 84% of total outstanding shares and reinforcing their long-term commitment to the Company.

December 23, 2024
Swvl to Provide Last-Mile Shuttle Services for SAB Bank Following Riyadh Metro Launch

SWVL (NASDAQ: SWVL) is collaborating with Saudi Awwal Bank (SAB Bank) to launch last-mile shuttle operations in Riyadh, connecting SAB employees to metro stations via virtual-stop technology, following the phased launch of the six-line, 176-kilometer Riyadh Metro on December 1, 2024.

August 18, 2022
Swvl to Host First Half 2022 Earnings Call on September 1st

SWVL (NASDAQ: SWVL) will host its First Half 2022 earnings call on September 1st, with the conference webcast simultaneously and in its entirety through the Swvl Investor Relations website, open to shareholders, media and other participants.

November 12, 2021
Swvl to Expand into Argentina and Chile with Acquisition of Controlling Interest in Mass Transit Platform Viapool

SWVL (NASDAQ: SWVL) acquired a controlling interest in Viapool, expanding into Argentina and Chile and launching its marketplace in Latin America following its SaaS entry into Brazil via the Shotl transaction, adding compelling upside to the Company's business plan.

March 21, 2022
Swvl delivers another exceptional set of results beating estimates for the second quarter in a row in Q4 2021 and again in early Q1 2022

SWVL (NASDAQ: SWVL) beat estimates for the second consecutive quarter in Q4 2021 and again in early Q1 2022, posting an average ticket fare of $1.68 for the quarter and $1.70 for full-year 2021, up 9% year-over-year.

May 30, 2024
Swvl announces the successful closure of key sales with Holiday Inn and Siemens in Saudi Arabia and Bosch in Egypt

SWVL (NASDAQ: SWVL) announced the successful closure of key sales agreements with Holiday Inn and Siemens in Saudi Arabia, and Bosch in Egypt.

March 22, 2022
Swvl and Moove Partner to Rollout EV Buses

SWVL (NASDAQ: SWVL) partnered with Moove to roll out electric buses across its network, advancing efforts to cut emissions through vehicle sharing while giving mobility entrepreneurs the opportunity to own their vehicles and maximize their earnings.

November 26, 2025
Swvl and Bank AlJazira in Saudi Arabia Mark Over 100,000 Bookings Milestone in 2025, Accelerating Sustainable Mobility Across Saudi Arabia

SWVL (NASDAQ: SWVL) and Bank AlJazira surpassed 100,000 bookings since the start of 2025 in Saudi Arabia, as the partnership continues to transform employee transportation with smarter, more sustainable mobility solutions and improve daily commuting across the Kingdom.

February 2, 2022
Swvl Upsizes PIPE to > $120M with Participation from New Flagship Investors Including EBRD in Connection with Queen’s Gambit Business Combination

SWVL (NASDAQ: SWVL) upsized its PIPE to over $120 million, adding new flagship investors including the European Bank for Reconstruction and Development and Teklas Ventures, in connection with its business combination with Queen's Gambit Growth Capital.

August 29, 2021
Swvl Unveils “Right to Mobility” ESG Strategy and Launches New Sustainability Initiatives

SWVL (NASDAQ: SWVL) unveiled its "Right to Mobility" ESG strategy and new sustainability initiatives, highlighting mobility solutions that have saved 245 million pounds of CO2 emissions, reduced approximately 14.4 million person-hours of congestion, and generated income for approximately 17,000 micro-entrepreneurs.

August 5, 2021
Swvl To Enhance Board with Appointment of Three Highly Accomplished Women & Tech Leaders

SWVL (NASDAQ: SWVL) enhanced its Board of Directors with the appointment of Victoria Grace, Lone Fønss Schrøder and Esther Dyson, bringing extensive financial, technology and automotive experience and reflecting the diversity of the Company's stakeholder base and its ESG-driven mission.

March 9, 2022
Swvl Strengthen Senior Leadership with Juan Batiz

SWVL (NASDAQ: SWVL) strengthened its senior leadership team with the appointments of Juan Batiz, Enrique Gonzalez and Leandro Aliseda as Global Head of Policy, Global Head of Legal and Head of LatAm Public Sector, bringing over 20 years of combined experience in public policy, law and mobility.

November 21, 2024
Swvl Signs Three Year Contract with G4S in Saudi Arabia to provide SaaS-Based Mobility Solutions

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”),

September 13, 2024
Swvl Sells one of its Subsidiaries, Urbvan, to Kolors, To Leverage Sale Proceeds for Enhanced Strategic Expansion

SWVL (NASDAQ: SWVL) announced the successful sale of its subsidiary Urbvan Mobility Ltd. to Kolors Inc., a leading transport provider in Latin America, for aggregate gross proceeds of $12 million, with proceeds to support enhanced strategic expansion.

February 9, 2026
Swvl Secures a New Up to $1.5 Million Multi-Year Contract in Saudi Arabia, Expanding Its Healthcare Mobility Footprint Across the GCC

SWVL (NASDAQ: SWVL) secured a new three-year healthcare mobility contract in Saudi Arabia worth up to $1.5 million, marking a key step in its GCC expansion and enhancing how patients, medical staff and equipment move through its technology platform.

February 2, 2026
Swvl Secures a New Five-Year Contract of Up To $5.5 Million in the UAE, Its Fastest-Growing Market Following ~5x Growth in 2025

SWVL (NASDAQ: SWVL) secured a new five-year contract worth up to $5.5 million in the UAE, its fastest-growing market after roughly 5x growth in 2025, supporting the Company's strategy to expand long-term enterprise partnerships and deliver technology-driven mobility solutions at scale.

November 25, 2024
Swvl Secures Sustainable Finance with HSBC to Finance New Client Contracts and Offerings

SWVL (NASDAQ: SWVL) secured a sustainable credit facility with HSBC Bank to finance the expansion of its pipeline of client contracts, with the collaboration extending to management of consolidated banking operations across its markets to streamline financial processes and improve cash flow management.

July 9, 2024
Swvl Secures 5-Year Contract Worth Up to $6.3 million with Telecom Giant, e& Egypt

SWVL (NASDAQ: SWVL) closed a five-year contract with telecom giant e& Egypt worth up to $6.3 million, marking a milestone in strengthening its footprint in the Egyptian market and solidifying its position as a leader in the mobility industry.

May 27, 2025
Swvl Secures 3-Year Contract Worth Up to $4 Million with a Large Enterprise in Essential Services

SWVL (NASDAQ: SWVL) secured a three-year contract worth up to $4 million with a large enterprise in essential services, which it expects will exceed $5.2 million by contract expiry, extending a longstanding relationship to a total of six years with this renewal.

September 17, 2024
Swvl Secures $2.6 Million in New Annual Contracts in Saudi Arabia during the Third Quarter of 2024

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.

September 26, 2024
Swvl Reports Receipt of Nasdaq Minimum Bid Price Notification

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.

November 5, 2022
Swvl Reports Further Steps in its Portfolio Optimization Program

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

December 23, 2023
Swvl Reports First Half 2023 Financial Results

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.

October 28, 2025
Swvl Reports Continued Profitability this Quarter, Achieving 46% Revenue Growth and Net Profit of $0.2 Million in Q3 2025

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.

February 9, 2022
Swvl Regains Compliance with Nasdaq Minimum Bid Price Rule February 9, 2023

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.

June 20, 2023
Swvl Regains Compliance with NASDAQ Continued Listing Requirements Relating to Audit Committee

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

April 30, 2024
Swvl Records $3.1m Net Profit, 13% Net Margin, and an Eightfold Growth in Gross Profit

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.

May 5, 2023
Swvl Receives Notice Regarding Nasdaq Continued Listing Standards Deficiency

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.

January 16, 2023
Swvl Receives Nasdaq Non-Compliance Notice

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.

May 9, 2023
Swvl Received Nasdaq Notification Relating to its Delayed Annual Report on Form 20-F Filing

SWVL (NASDAQ: SWVL) received written notice from Nasdaq that, having not timely filed its Annual Report on Form 20-F for fiscal year 2022, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all periodic financial reports with the SEC

November 6, 2025
Swvl Received Nasdaq Notification Regarding Minimum Market Value Deficiency

SWVL (NASDAQ: SWVL) received a Nasdaq notice for not meeting the minimum market value requirement for publicly held shares, with 180 days to regain compliance while its shares continued trading on Nasdaq.

March 7, 2022
Swvl Paynas Partner Empower Captains Integrated Financial Services

SWVL (NASDAQ: SWVL) partnered with Paynas to give its captains access to integrated financial services, including earned-wage payouts, buy-now-pay-later and insurance, enhancing financial inclusion for a traditionally under-resourced workforce.

July 13, 2022
Swvl Partners with the German Government at the G7 Summit to Power Fully Electric On- demand Shuttles for 2,500 Media Representatives

SWVL (NASDAQ: SWVL) announced that door2door, its Germany-based mobility platform, launched a new concept of fully electric on-demand shuttles that transported 2,500 media representatives to and from the G7 Summit hosted in Elmau, German

July 20, 2023
Swvl Obtains Extension for Filing of Annual Report on Form 20-F and Receives Approval to Transfer to The Nasdaq Capital Market

SWVL (NASDAQ: SWVL) confirmed that Nasdaq accepted the Company's plan to regain compliance for its delayed Annual Report on Form 20-F for fiscal year 2022, granting an exception to file by October 30, 2023.

October 15, 2024
Swvl Launches its Regional Headquarters in Riyadh as Part of GCC Growth Strategy

SWVL (NASDAQ: SWVL) launched its regional headquarters in Riyadh as part of its GCC growth strategy, joining Saudi Arabia's Regional Headquarters (RHQ) Program in alignment with the Kingdom's Vision 2030 goals to diversify the economy and boost foreign investment.

December 2, 2024
Swvl Launches its Product in the UAE, Securing Four Major Customers in its High-Value Markets Push

SWVL (NASDAQ: SWVL) launched its product in the UAE, securing four major customers as part of its push into high-value markets.

January 27, 2026
Swvl Launches Operations in Kuwait, Securing a $2.2 Million Contract as Part of Its GCC Expansion

SWVL (NASDAQ: SWVL) launched operations in Kuwait, secured by a $2.2 million multi-year enterprise contract, marking a key step in its GCC expansion strategy and its focus on high-margin, long-term corporate mobility partnerships across the region.

December 31, 2024
Swvl Holdings Corp Releases H1 2024 Financial Results and Management Analysis

SWVL (NASDAQ: SWVL) launched operations in Kuwait, secured by a $2.2 million multi-year enterprise contract, marking a key step in its GCC expansion strategy and its focus on high-margin, long-term corporate mobility partnerships across the region.

March 21, 2022
Swvl Further Strengthens Technology Leadership with Additions of Nami Mufti ,Uriel Jaroslawski ,Andrii Dzynia and Martijn Pieters

SWVL (NASDAQ: SWVL) strengthened its technology leadership with the appointments of Nami Mufti, Uriel Jaroslawski, Andrii Dzynia and Martijn Pieters as Heads of Security, B2C, B2B and Site Reliability Engineering, bringing a combined 85-plus years of experience across cyber risk, software development and product engineering.

July 11, 2022
Swvl Expands into Mexico with Acquisition of Mass Transit Tech Platform Urbvan

SWVL (NASDAQ: SWVL) expanded into Mexico through the acquisition of Urbvan, growing revenue from its highest-margin TaaS and SaaS operations to over $7 million per month across more than 500 contracts in 20-plus countries, supporting its path to cash flow positive in 2023

August 19, 2024
Swvl Expands into Europe, LATAM, and APAC via Acquisition of Mass Transit SaaS Platform Shotl

SWVL (NASDAQ: SWVL) acquired Shotl, accelerating the Company's entry into Europe a full year ahead of schedule and more than doubling its footprint with 10 additional countries across Europe, APAC and LatAm, while leveraging Shotl's strong B2G and OEM relationships.

March 24, 2022
Swvl Expands Into Central Europe via Acquisition of Mass Transit SaaS Platform Door2Door

SWVL (NASDAQ: SWVL) expanded into Central Europe with the acquisition of door2door, Germany's largest privately owned mass transit SaaS platform, holding a 24% domestic market share, over 70 deployments across 10 European countries and an approximately $7 million pipeline.

December 6, 2021
Swvl Continues to Build Out Board of Directors with Appointment of W. Steve Albrecht, as Audit Chair

SWVL (NASDAQ: SWVL) appointed W. Steve Albrecht, former President of the American Accounting Association, the Association of Certified Fraud Examiners, the Financial Accounting Foundation and COSO, as an independent director and Chair of the Audit Committee.

January 27, 2022
Swvl Continues Rapid Geographic Expansion and Launch of New Services Across 115 Cities in 18 Countries

SWVL (NASDAQ: SWVL) expanded its footprint to 115 cities across 18 countries, with new growth across Europe, Latin America, Asia and Africa providing significant upside to the Company's current business plan and financial projections.

August 26, 2021
Swvl Completes Pre-Funding of $35.5 Million of PIPE to Accelerate Growth Strategy

SWVL (NASDAQ: SWVL) completed pre-funding of $35.5 million from strategic and financial investors, including Agility and Chimera Abu Dhabi, as part of an upsized $100 million PIPE raised in connection with the Company's proposed business combination with Queen's Gambit Growth Capital.

March 31, 2022
Swvl Completes Business Combination with Queen’s Gambit Growth Capital

SWVL (NASDAQ: SWVL) completed its business combination with Queen's Gambit Growth Capital, with its ordinary shares and warrants expected to begin trading on Nasdaq under the symbols "SWVL" and "SWVLW," respectively.

March 15, 2022
Swvl Commits Significant Foreign Direct Investment to Argentina to Improve Mass Transit Across The Country

SWVL (NASDAQ: SWVL) committed a $15 million initial foreign direct investment in Argentina, expected to generate thousands of jobs and self-employment opportunities over the next three-plus years while further developing the Company's R&D capabilities

May 23, 2023
Swvl Appoints Ayman Ismail to Board of Directors as Independent Member and Chairperson of Audit Committee

SWVL (NASDAQ: SWVL) appointed Ayman Ismail Mohamed Ahmed to its Board of Directors as an independent member and Chairperson of the Audit Committee, adding over 30 years of multinational leadership experience, including his role as President, North Africa and Chairman & CEO at Pepsi.

November 18, 2024
Swvl Announces Pricing of $4.7 Million Private Placement Priced At-the-Market Under Nasdaq Rules to Accelerate Expansion in High Value Markets

SWVL (NASDAQ: SWVL) entered into a definitive agreement with certain investors, including several members of its Board of Directors, to purchase $4.7 million of ordinary shares in a private placement priced at $4.79 per share — its closing price on November 15, 2024 — to accelerate expansion in high-value markets.

September 12, 2024
Swvl Announces Initiation of Equity Analyst Coverage by Baird with “Outperform” Rating

SWVL (NASDAQ: SWVL) received initiation of equity research coverage from Robert W. Baird, with analyst Ben Kallo issuing an "Outperform" rating and a price target of $8, marking a new step in the Company's capital markets visibility.

September 28, 2022
Swvl Announces Initiation of Equity Analyst Coverage by Alliance Global and Barclays with price targets of $5 and $1.5 respectively

SWVL (NASDAQ: SWVL) received initiation of equity research coverage from Alliance Global and Barclays, with "Buy" and "Equal Weight" ratings and price targets of $5 and $1.5 respectively, following Baird's earlier "Outperform" initiation and $8 price target.

September 8, 2025
Swvl Announces H1 2025 Results

SWVL (NASDAQ: SWVL) announced H1 2025 results with 26% revenue growth (49% in constant currency), 26% gross margin growth, and net income of $0.43 million, marking strong and profitable growth across key markets.

August 16, 2022
Swvl Announces First Half 2022 Results

SWVL (NASDAQ: SWVL) posted a record-breaking second quarter in H1 2022, growing total bookings 3.7x year-over-year and crossing the 100 million total bookings milestone on the back of continued platform expansion.

October 4, 2022
Swvl Announces 58% of its Portfolio Turns Adjusted EBITDA Breakeven

SWVL (NASDAQ: SWVL) reported that Egypt, Turkey, Germany, Kenya and Jordan turned Adjusted EBITDA positive or breakeven in August, with these five markets together generating 58% of the Company's H1 2022 revenues.

August 10, 2022
Swvl Announces $20 Million Private Placement

SWVL (NASDAQ: SWVL) announced a $20 million private placement, with the potential to receive an additional $30 million in gross proceeds should all associated warrants be exercised for cash.

August 1, 2022
Swvl Adds a New Key Partner, City Group, the Leading Mass Transit Operator in Kuwait, to its SaaS Offering

SWVL (NASDAQ: SWVL) entered into a strategic SaaS partnership with City Group Co. KSCP, Kuwait's leading mass transit operator and warehousing services provider, extending the Company's software platform to a new key partner in the region.

October 12, 2021
Swvl Achieves Exceptional Q3 2021 Results and Increases Growth Guidance

SWVL (NASDAQ: SWVL) delivered 3.6x quarter-over-quarter growth, 83% utilization and 500,000 active users in Q3 2021, with its most mature market reaching 92% utilization and 31% gross margin, and raised FY2022 growth guidance by approximately 10% to $155 million.

March 15, 2022
Meeting of Queen’s Gambit Growth Capital Shareholders to Approve Business Combination with Swvl Scheduled for March 30, 2022

SWVL (NASDAQ: SWVL) and Queen's Gambit Growth Capital announced the effectiveness of their F-4 registration statement, with a shareholder meeting to approve the proposed business combination scheduled for March 30, 2022, and the combined company's Class A ordinary shares and warrants expected to list on Nasdaq under "SWVL" and "SWVLW" upon closing.

August 10, 2021
Concordium and Swvl Announce Partnership for Blockchain-Based Mass Transit Systems

SWVL (NASDAQ: SWVL) partnered with Concordium to bring blockchain technology into its mass transit platform, aiming to enhance the customer experience and reshape the global mass transit paradigm as the Company continues to grow through partnerships with industry leaders.

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