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Swvl Announces Successful Sales Closure with Holiday Inn, Siemens, and Bosch

DUBAI, United Arab Emirates, May 30, 2024 (GLOBE NEWSWIRE) — Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL) has recently reported a significant milestone in its business operations. The technology provider for enterprise and government mobility solutions has successfully closed key sales deals with Holiday Inn Hotel and Siemens in Saudi Arabia, as well as Bosch in Egypt. This move aligns with Swvl’s strategic direction to expand its client base across the GCC and North Africa regions, with a focus on profitable markets like Saudi Arabia and Egypt.

Mostafa Kandil, the CEO of Swvl, expressed his enthusiasm about these partnerships, stating that they represent a major step forward in the company’s mission to revolutionize the mobility industry globally. By collaborating with industry giants like Holiday Inn, Siemens, and Bosch, Swvl aims to provide technology-driven mobility solutions that address the specific needs of its clients while enhancing efficiency, accessibility, and sustainability.

Swvl, known for its parallel mass transit systems, offers individuals an alternative to traditional public transportation options. Through its user-friendly app, customers can book rides on high-quality private buses and vans, making mobility safer, more efficient, and environmentally friendly. The company’s commitment to innovation and customer satisfaction has positioned it as a leader in the mobility solutions sector.

Looking ahead, Swvl remains focused on boosting profitability, expanding strategic partnerships, and launching new products in the upcoming year. The company’s forward-looking approach underscores its dedication to driving growth and creating value for its stakeholders. While uncertainties and challenges may arise in the business landscape, Swvl’s management is confident in its ability to adapt and thrive in a dynamic market environment.

For more information about Swvl and its innovative mobility solutions, visit www.Swvl.com.

In conclusion, Swvl’s recent sales closures with Holiday Inn, Siemens, and Bosch mark a significant achievement for the company as it continues to make strides in the mobility industry. With a strong focus on technology, sustainability, and customer satisfaction, Swvl is well-positioned to drive positive change and shape the future of transportation worldwide.