SWVL News & Events

Swvl announced the signing of a new contract with Bank Albilad. Pursuant to the agreement between the company and Bank Albilad, Swvl will provide technology-enabled shuttle services across Bank Albilad's network, leveraging Swvl's platform. The deployment is designed to improve workforce mobility, enhance service reliability, and deliver cost predictability through technology-led operations.

Reports FY25 revenue $24.2M vs $17.2M last year. Mostafa Kandil, Chief Executive Officer of Swvl, commented: "We believe that FY 2025 proves that Swvl's enterprise-first model scales. We grew revenue 41% to $24.2 million, turned profitable, and more than doubled our GCC business. In our view, what makes this inflection durable is the quality underneath it: 84% of revenue is recurring, net dollar retention stands at 128%, and we have $38 million in sales backlog providing a clear line of sight into FY 2026. As we expand across the GCC, the United Kingdom, and the United States, we are aiming to build on a foundation of long-duration enterprise contracts that compound over time."

Swvl Holdings announced the signing of a new three-year contract valued at up to $1.5M in the Kingdom of Saudi Arabia. The agreement will support patient, medical staff, and equipment transportation across healthcare facilities, leveraging Swvl's technology platform to enable dynamic route planning, real-time dispatching, and operational optimization. The deployment is designed to support on-demand and time-critical mobility requirements while maintaining high standards of safety, service quality, and operational visibility.