Business
Swvl announces the successful closure of key sales with Holiday Inn and Siemens in Saudi Arabia & Bosch in Egypt
DUBAI, United Arab Emirates, May 30, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a technology provider for
About this update from Swvl Holdings Corp
[{"type":"text","content":"DUBAI, United Arab Emirates, May 30, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a technology provider for enterprise and government mobility solutions with a global footprint, announces a successful closure of key sales with Holiday Inn Hotel and Siemens in Saudi Arabia & Bosch in Egypt. As part of Swvl’s direction to resume growth, Swvl expands its client base across GCC and North Africa, strengthening its presence in profitable markets such as Saudi Arabia and Egypt. Swvl is excited to announce the successful closure of key sales with industry giants Holiday Inn and Siemens in Saudi Arabia, along with Bosch in Egypt. \"These significant partnerships mark a big step forward to Swvl's strategy to provide technology-based mobility solutions that effectively address the gaps for our clients. This aligns with Swvl's mission to transform the mobility industry globally, aiming to enhance efficiency, accessibility, and sustainability,\" said Mostafa Kandil, CEO of Swvl. \"I'm pleased to see that our strategy is heading in the right direction, as these collaborations underscore our commitment to profitable growth.” About Swvl Swvl is a global technology provider for enterprise and government mobility solutions. The company’s platform provides alternatives to public transportation for individuals who cannot access or afford private options. Every day, Swvl’s parallel mass transit systems empower individuals to go where they want, when they want – making mobility safer, more efficient, accessible, and environmentally friendly. Customers can book their rides on an easy-to-use proprietary app with varied payment options and access to high-quality private buses and vans. For additional information about Swvl, please visit www.Swvl.com. Forward Looking Statements This press release contains “forward-looking statements'' relating to future events. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future eve...