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.

Swvl announces a significant achievement in its financial performance for the fiscal year 2023. The Company has successfully delivered positive net profit and cashflow for the full year.

Swvl has proudly announced a significant milestone in its financial performance for the first half of the fiscal year 2023.

Swvl reported that the Company received a letter (the “Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is currently not in compliance with Nasdaq Rule 5450(a)(1), as the Company’s closing bid price for its Class A ordinary shares (the “Ordinary Shares”) was below $1.00 per share for the last 30 consecutive business days.