Swvl Secures a New Five-Year Contract of Up To $5.5 Million in the UAE, Its Fastest-Growing Market Following ~5x Growth in 2025
Rhea-AI Summary
Swvl (Nasdaq: SWVL) secured a new five-year enterprise contract in the UAE valued at up to $5.5 million, reinforcing its position in its fastest-growing market. The Company reported ~5x growth in December 2025 versus January 2025, driven by expanded enterprise partnerships and multi-site deployments.
The contract aims to deploy Swvl’s full technology and operations stack to optimize routing, improve fleet utilization, and provide real-time performance visibility across logistics, manufacturing, education, and large corporate campuses.
Positive
- $5.5M five-year enterprise contract in the UAE
- Reported ~5x growth in December 2025 vs January 2025
- Focus on long-term, high-value multi-site enterprise deployments
- Targeting multiple sectors: logistics, manufacturing, education, corporate campuses
Negative
- None.
News Market Reaction – SWVL
On the day this news was published, SWVL gained 18.23%, reflecting a significant positive market reaction. Argus tracked a peak move of +50.4% during that session. Argus tracked a trough of -24.3% from its starting point during tracking. Our momentum scanner triggered 26 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $21M at that time. Trading volume was exceptionally heavy at 68.2x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SWVL was down 3.21% while sector peers showed mixed moves (e.g., RVSN and GBX up, RAIL and TOPP down). only 1 peer appeared in the momentum scanner, moving down, reinforcing a stock-specific setup.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 27 | GCC expansion deal | Positive | -16.6% | Launch of Kuwait operations with a $2.2M multi-year enterprise contract. |
| Nov 26 | Operational milestone | Positive | +0.8% | Saudi partnership with Bank AlJazira surpassing 100,000 bookings in 2025. |
| Nov 06 | Nasdaq deficiency notice | Negative | -2.0% | Nasdaq notice on failing $35M market value requirement with cure period outlined. |
| Oct 28 | Q3 2025 earnings | Positive | +13.6% | Q3 2025 revenue and margin growth with net profit of $0.2M reported. |
| Sep 08 | H1 2025 results | Positive | +11.8% | H1 2025 revenue and gross margin growth with net income of $0.43M. |
Positive fundamentals and expansion news have more often aligned with price gains, but there was one notable selloff on upbeat GCC expansion news.
Over the last six months, Swvl has reported improving fundamentals and regional expansion. H1 2025 results on Sep 08 and Q3 2025 results on Oct 28 both highlighted revenue growth and net profitability, with shares rising 11.82% and 13.55% respectively. A Kuwait launch with a $2.2M contract on Jan 27, 2026 saw a 16.59% decline, contrasting with prior positive reactions and underscoring that contract wins do not always translate into immediate price strength.
Market Pulse Summary
The stock surged +18.2% in the session following this news. A strong positive reaction aligns with Swvl’s history of rewarding solid fundamentals and contract-driven growth, as seen after H1 and Q3 2025 results with gains of 11.82% and 13.55%. However, the 16.59% drop on the Kuwait expansion shows that contract wins have not always translated into sustained upside, so position sizing and sensitivity to follow-on news have remained important.
AI-generated analysis. Not financial advice.
DUBAI, United Arab Emirates, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), the leading provider of technology-enabled mass mobility solutions, today announced the signing of a new five-year contract (the “Contract”) valued at up to
The Contract builds on Swvl’s strong momentum in the UAE, where the Company achieved approximately 5x growth in December 2025 over January 2025, driven by the Company’s goal of expanding enterprise partnerships, having multi-site deployments, and increased demand for data-driven workforce mobility solutions.
The Contract reinforces Swvl’s strategy of focusing on long-term, high-value enterprise contracts, providing end-to-end transportation solutions across complex operations, multiple shifts, and large employee populations.
We believe that the deployment will leverage Swvl’s full technology and operations stack to deliver optimized routing, improved fleet utilization, and real-time performance visibility.
“The UAE has emerged as one of Swvl’s most important and fastest-growing markets globally,” said Mostafa Kandil, Chief Executive Officer at Swvl. “Securing a
We believe that Swvl’s growth in the UAE has been driven by its ability to address large-scale transportation challenges through a combination of proprietary technology, disciplined operations, and deep market understanding. The Company’s platform aims to enable enterprise customers to optimize costs while maintaining service quality and operational control.
“We believe that our growth in the UAE is a direct result of disciplined execution and a clear focus on enterprise value creation,” added Ahmed Misbah, Chief Financial Officer at Swvl. “We remain committed to scaling responsibly, deepening long-term partnerships, and expanding our footprint in markets where technology-enabled mass mobility delivers measurable impact.”
The Contract further reinforces Swvl’s positioning in high-value markets, following successful deployments across the Gulf cooperation Council (“GCC”). The Company continues to see strong demand from sectors such as logistics, manufacturing, education, and large corporate campuses.
With this milestone, Swvl continues to strengthen its regional leadership, while supporting enterprises in building smarter, more efficient transportation ecosystems across the Middle East.
About Swvl
Swvl is a technology-driven mobility company providing scalable transportation solutions for enterprises and communities. Through its proprietary platform, Swvl delivers optimized routing, real-time visibility, and operational efficiency across large-scale transportation networks.
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 events and other statements that are not historical facts. For example, Swvl is using forward-looking statements when it discusses its strengthened position in certain markets; the benefits of its product and solution; its belief that the deployment will leverage Swvl’s full technology and operations stack to deliver optimized routing, improved fleet utilization, and real-time performance visibility; that the Contract reflects the scale of demand and confidence enterprises place in Swvl’s abilities; its ability to address large-scale transportation challenges; that it remains committed to scaling responsibly, deepening long-term partnerships, and expanding footprint; the strong market demand; and its ability to continue to strengthen its regional leadership, while supporting enterprises in building smarter, more efficient transportation ecosystems.
These statements are based on the current expectations of Swvl’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, assurance, prediction, or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl’s business, and actual results may differ materially.
In addition, forward-looking statements provide Swvl’s expectations, plans, or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments could cause Swvl’s assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Swvl’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon any forward-looking statements.
More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website, www.sec.gov, and in subsequent SEC filings.
Contact
Investor Relations: Investor.relations@swvl.com
FAQ
What is the value and duration of Swvl's new UAE contract (SWVL)?
How much did Swvl (SWVL) grow in the UAE during December 2025?
Which sectors will Swvl's new UAE deployment (SWVL) serve?
How will Swvl (SWVL) deliver value under the new UAE contract?
What does the UAE contract mean for Swvl's regional strategy (SWVL)?
