Swvl

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

Retrieved on: 
Wednesday, September 13, 2023
SWVL, Sale, Government, Acquisition, Kolors, Swvl

Swvl acquired Urbvan in July 2022 in an all-share acquisition, and the sale of Urbvan to Kolors is comprised entirely of cash.

Key Points: 
  • Swvl acquired Urbvan in July 2022 in an all-share acquisition, and the sale of Urbvan to Kolors is comprised entirely of cash.
  • Swvl will receive $12 million for the sale of Urbvan, of which $9.5 million in cash was paid at closing, and $2.5 million to be paid over 1 year.
  • Mostafa Kandil, CEO of Swvl, said, “The sale of Urbvan to Kolors is a step in our strategic vision for profitable growth.
  • This acquisition strategically positions Kolors to tap into Urbvan’s competencies and experience, offering advanced transport solutions to corporate clients and urban commuters.

Swvl Appoints Ayman Ismail to Board of Directors as Independent Member and Chairperson of Audit Committee

Retrieved on: 
Tuesday, May 23, 2023
Harvard University, Audit committee, Procter, SWVL, Chairperson, Acquisition, Procter & Gamble, Founding, Management, Pepsi, Swvl

Mr. Ismail will serve as an independent member of the Board and assume the role of Chairperson of Swvl's Audit Committee.

Key Points: 
  • Mr. Ismail will serve as an independent member of the Board and assume the role of Chairperson of Swvl's Audit Committee.
  • "We are delighted to welcome Ayman to the Swvl Board of Directors," said Mostafa Kandil, Swvl Founder and CEO.
  • As Chairperson of the Audit Committee, Ayman will play a crucial role in upholding Swvl's commitment to sound financial practices and corporate governance.
  • Ayman Ismail expressed his excitement about joining Swvl's Board of Directors, stating, "I am honored to join Swvl, a company that is making significant strides in revolutionizing mass transit solutions.

Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals, Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 21, 2023
Professional Services, Business, Finance, Online, Foodservice, Travel, Air travel, Semiotics of music videos, Talabat, Clothing, Prepaid Payment Instruments in India, InDrive, DiDi, Entertainment, Amazon, Beauty, Disney Media and Entertainment Distribution, Wellness, Growth, Medium, Consumer, IHG Hotels & Resorts, E-commerce, Society for Accessible Travel & Hospitality, OLX, Book, City, Electronics, Health, Platform, Health care, Online shopping, Marketing, Jumia, B2C, Hospitality, Swvl

The "Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • According to the publisher, B2C Ecommerce market in Egypt is expected to grow by 12.63% on annual basis to reach US$9.1 billion in 2023.
  • This report provides a detailed data centric analysis of B2C ecommerce market dynamics, covering over 100 KPIs in Egypt.
  • It provides market share by key players across key verticals along with sales channels (Platform to Consumer, Direct to Consumer, Consumer to Consumer).

Egypt B2C Ecommerce Market Opportunities Databook Q1 2023 Update: Featuring Amazon, Jumia, Noon, OLX & More

Retrieved on: 
Tuesday, February 21, 2023
Online, Entertainment, Medium, Disney Media and Entertainment Distribution, Semiotics of music videos, Clothing, Platform, Electronics, Foodservice, Travel, Health, Talabat, InDrive, City, Beauty, Health care, Amazon, Society for Accessible Travel & Hospitality, IHG Hotels & Resorts, Growth, Consumer, Wellness, Air travel, Book, OLX, E-commerce, Prepaid Payment Instruments in India, DiDi, Online shopping, Marketing, Jumia, Swvl, Hospitality, B2C

DUBLIN, Feb. 21, 2023 /PRNewswire/ -- The "Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 21, 2023 /PRNewswire/ -- The "Egypt B2C Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • According to the publisher, B2C Ecommerce market in Egypt is expected to grow by 12.63% on annual basis to reach US$9.1 billion in 2023.
  • The Medium to long-term growth story of B2C Ecommerce industry in Egypt promises to be attractive .
  • This report provides a detailed data centric analysis of B2C ecommerce market dynamics, covering over 100 KPIs in Egypt.

Swvl Regains Compliance with Nasdaq Minimum Bid Price Rule

Retrieved on: 
Thursday, February 9, 2023
Letter, SWVL, Lung compliance, Auction, Swvl

DUBAI, United Arab Emirates, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq") informing Swvl that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1), for continued listing on The Nasdaq Stock Market, and the matter of previous non-compliance is now closed.

Key Points: 
  • DUBAI, United Arab Emirates, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq") informing Swvl that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1), for continued listing on The Nasdaq Stock Market, and the matter of previous non-compliance is now closed.
  • Swvl was previously notified by Nasdaq on November 1, 2022, that it was not in compliance with the minimum bid price rule because its ordinary shares failed to meet the closing bid price of $1.00 or more for 30 consecutive business days, as required by the Nasdaq Listing Rules.
  • To regain compliance with the bid price, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days.
  • This requirement was met on February 8, 2023, the tenth consecutive trading day of Swvl’s ordinary share bid price closing above $1.00.

Swvl Reports Further Steps in its Portfolio Optimization Program

Retrieved on: 
Friday, November 25, 2022
Marketing, Communication, B2G, Transport, SWVL, Sale, Probability, Retail, Risk management, Swvl

DUBAI, United Arab Emirates, Nov. 25, 2022 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (Swvl or the Company) (Nasdaq:SWVL), a global provider of transformative tech-enabled mass transit solutions, today reported that it is implementing further measures as part of its previously announced and ongoing portfolio optimization program to reduce costs.

Key Points: 
  • DUBAI, United Arab Emirates, Nov. 25, 2022 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (Swvl or the Company) (Nasdaq:SWVL), a global provider of transformative tech-enabled mass transit solutions, today reported that it is implementing further measures as part of its previously announced and ongoing portfolio optimization program to reduce costs.
  • Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation.
  • The Companys platform provides complimentary semi-private alternatives to public transportation for individuals who cannot access or afford private options.
  • However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so.

Swvl Reports Receipt of Nasdaq Minimum Bid Price Notification

Retrieved on: 
Friday, November 4, 2022
Company, Compliance, Careem, City, Letter, GLOBE, Probability, Transport, Intention, Forward-looking statement, SWVL, Rocket, Calendar, B2G, Kandil, Communication, Health insurance, Risk management, Nasdaq, Operation, Swvl

The Nasdaq Stock Market Rules provide the Company a period of 180 calendar days to regain compliance.

Key Points: 
  • The Nasdaq Stock Market Rules provide the Company a period of 180 calendar days to regain compliance.
  • According to the Letter, the Company has until May 1, 2023, to regain compliance with the minimum bid price requirement.
  • The Letter from Nasdaq has no immediate effect on the Companys Nasdaq listing or the trading of its Ordinary Shares on Nasdaq, and during the aforementioned cure period, as may be extended, the Companys Ordinary Shares will continue to trade on the Nasdaq Global Market under the symbol SWVL.
  • However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so.

Swvl Announces 58% of its Portfolio Turns Adjusted EBITDA Breakeven

Retrieved on: 
Tuesday, October 4, 2022
B2G, GLOBE, NASDAQ, U.S. Securities and Exchange Commission, Transport, Time, Kandil, SWVL, Ix, IFRS, Compliance, Rocket, CEO, COVID-19, Risk, Growth, Probability, EBITDA, Careem, Adjustment, Communication, Depreciation, Forward-looking statement, Business architecture, NEW, Company, Corruption, Cyprus Securities and Exchange Commission, Risk management, Bookkeeping, Nasdaq, Swvl

Youssef Salem, Swvl CFO, said, With 58% of our portfolio turning Adjusted EBITDA neutral or positive, we believe that we are on track to turn cashflow positive in 2023.

Key Points: 
  • Youssef Salem, Swvl CFO, said, With 58% of our portfolio turning Adjusted EBITDA neutral or positive, we believe that we are on track to turn cashflow positive in 2023.
  • The countries achieving Adjusted EBITDA profitability include 3 of our organic markets and 2 markets we entered as a result of our recent acquisitions.
  • Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across > 20 countries.
  • However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so.

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

Retrieved on: 
Wednesday, September 28, 2022
Probability, Time, B2G, Projection, COVID-19, Risk, U.S. Securities and Exchange Commission, Corruption, Company, Compliance, Rocket, Industry, Forward-looking statement, SWVL, Alliance Global, Careem, Transport, Kandil, NASDAQ, GLOBE, Communication, Risk management, Barclays, Swvl, Nasdaq

This follows the recent initiation of coverage from Baird with an Outperform Rating and price target of $8.

Key Points: 
  • This follows the recent initiation of coverage from Baird with an Outperform Rating and price target of $8.
  • Copies of the full analyst reports can be obtained directly from Barclays, Alliance Global and Baird.
  • All reports on Swvl prepared by analysts represent the views of such analysts and are not necessarily those of Swvl.
  • Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across > 20 countries.

Swvl Announces Initiation of Equity Analyst Coverage by Baird with "Outperform" Rating

Retrieved on: 
Monday, September 12, 2022
Probability, Time, B2G, Projection, COVID-19, Risk, U.S. Securities and Exchange Commission, Corruption, Company, Compliance, Rocket, Industry, Forward-looking statement, CEO, Careem, SWVL, Transport, Kandil, NASDAQ, Research, Communication, Software as a service, Television, Risk management, Swvl, Nasdaq

NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Swvl Holdings Corp ("Swvl" or the "Company") (NASDAQ: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced that Baird has initiated coverage on the Company with "Outperform" Rating and price target substantially higher than Swvl's current trading price.

Key Points: 
  • Copies of the full analyst report can be obtained directly from Baird.
  • All reports on Swvl prepared by analysts represent the views of such analysts and are not necessarily those of Swvl.
  • Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across > 20 countries.
  • However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so.