Discover the latest news and updates from Swvl. Gain insights into our recent partnerships, market expansions, and key developments driving the company’s growth and evolution.
Swvl secures a 3-year contract worth up to $4 million, which it expects will exceed $5.2 million by contract expiry, which extends a longstanding relationship for a total of six years with this renewal.
DUBAI, United Arab Emirates, December 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.
We are thrilled to announce securing a sustainable credit facility with HSBC Bank, aimed at financing Swvl’s expansion of its pipeline of client contracts.
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 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 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 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.
