Swvl Company Signs a $6.3 Million Partnership Agreement in Collaboration with Etisalat e&

Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, has secured a 5-year contract with telecom giant e& Egypt, with an approximate total value of up to $6.3 million.

This marks a significant milestone in expanding our presence in the Egyptian market and reinforcing our leadership in the mobility sector.

e& Egypt, a top technology operator in Egypt, operates under the e& Group umbrella, delivering reliable telecommunications and information technology services.

The company is driven by a strong vision to become a leading tech entity, with a deep commitment to enriching lives in an ever-evolving world.

This agreement underscores Swvl’s dedication to offering tech-based mobility solutions that enhance daily commutes both regionally and globally, especially in high-density, dynamic work environments that demand exceptional operational and technological capabilities to ensure efficiency, reliability, and an improved customer experience.

Mostafa Kandil, CEO of Swvl, stated, “The trust placed in us by esteemed partners like e& Egypt demonstrates the significant impact Swvl solutions can have on the mobility landscape.

It also propels us towards our goal of profitable growth.

Through this partnership, we aim to redefine industry standards, drive societal impact, and pave the way for a more sustainable future in transit.”

Swvl is a global technology provider for enterprise and government mobility solutions. The company’s platform offers alternatives to public transportation for individuals who cannot access or afford private options.

Swvl’s parallel mass transit systems empower individuals to travel where they want, when they want – making mobility safer, more efficient, accessible, and environmentally friendly.

Customers can book their rides through an easy-to-use proprietary app with various payment options and access to high-quality private buses and vans.