Swvl secures UAE facility, reports 5x GCC growth

Rhea-AI Filing Summary

Swvl Holdings Corp (SWVL) reports that it has secured its first working capital facility in the UAE with Zelo, a technology-enabled financing platform. The facility is intended to provide dedicated liquidity to fund and accelerate the launch of new enterprise accounts in Swvl’s UAE pipeline.

Since relaunching operations in the UAE in December 2024, Swvl states it has achieved approximately 5x revenue growth in the GCC market and signed multiple enterprise contracts, including a five-year contract valued at up to $5.5 million. Swvl expects to direct facility proceeds toward client acquisition and expansion in the UAE, aiming to match short-term financing to working-capital needs while maintaining an asset-light approach and avoiding equity dilution.

Positive

• Swvl highlights approximately 5x revenue growth in its GCC market since its UAE relaunch in December 2024, indicating strong traction in one of its key regions.
• The company has secured a five-year enterprise contract worth up to $5.5 million, expanding its long-term revenue base in the UAE.
• Swvl has obtained its first UAE working capital facility with Zelo, which it expects to use to fund new enterprise deployments in the UAE without diluting shareholders.

Negative

• None.

Filing Explained

The announced UAE facility has no disclosed size or drawdown, and access remains subject to conditions rather than being confirmed funding.

Swvl’s Form 6-K, an interim report for a foreign private issuer, furnishes a September 1, 2026 press release announcing its first UAE working-capital facility with Zelo; the filing reports an arrangement, not a drawdown.

The release says availability and drawdown may be subject to conditions and that the facility may not be used in full or at all, so the presently established structural change is potential access to financing rather than a stated amount of new liquidity.

The report also incorporates the release’s first seven paragraphs and its forward-looking-statements section into Swvl’s Form F-3 and Form S-8 registration statements.

The filing gives no facility size, amount drawn, or financing terms, so the current scale of the financing and any committed obligation cannot be established from this disclosure.

The release identifies facility availability and drawdown as the next gating items: it says conditions may apply and neither full nor any utilization is assured.

Key Figures

Revenue growth in GCC market: approximately 5x Enterprise contract value: up to $5.5 million Contract term: five-year +2 more

5 metrics

Revenue growth in GCC market approximately 5x Since Swvl’s UAE relaunch in December 2024

Enterprise contract value up to $5.5 million Value of recently announced five-year contract in the UAE

Contract term five-year Duration of Swvl’s recently announced UAE enterprise contract

UAE relaunch date December 2024 Date Swvl states it relaunched operations in the UAE

Transactions funded by Zelo over 12,000 transactions Cumulative transactions Zelo reports having funded across UAE sectors

Key Terms

working capital facility, technology-enabled mass mobility solutions, asset-light, embedded finance solutions, +1 more

5 terms

working capital facility financial

"secured a working capital facility with Zelo, the Company's first such facility"

A working capital facility is a short-term loan or credit line a company uses to cover everyday operating needs — for example payroll, inventory purchases, or gaps between paying suppliers and getting paid by customers. Think of it like a business overdraft that smooths cash flow bumps; investors watch it because reliance on this facility shows how healthy a company’s cash flow is, how much interest or fees it pays, and whether borrowing limits or conditions could constrain growth.

technology-enabled mass mobility solutions technical

"a leading provider of technology-enabled mass mobility solutions"

asset-light financial

"while staying disciplined and asset-light"

A business described as "asset-light" relies on few owned physical assets—such as factories, real estate, or heavy equipment—and instead uses partners, contractors, or lease arrangements to deliver products or services. For investors, this model can mean lower upfront investment, faster scaling and often higher profit margins, but it also increases dependence on outside providers and can create less predictable costs and supply risks—like renting tools instead of owning them.

embedded finance solutions financial

"Zelo provides embedded finance solutions to help businesses manage liquidity"

Embedded finance solutions are financial services—like payments, lending, insurance, or bank accounts—built directly into non‑financial apps, websites, or devices so users can handle money where they already shop, work, or play. Investors watch them because they can turn ordinary platforms into steady revenue engines and deepen customer loyalty (think of a store that also offers a helpful in‑house bank), but they also bring operational complexity and regulatory risk that affect returns.

forward-looking statements regulatory

"This press release contains “forward-looking statements” relating to future events"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What did SWVL announce regarding financing in the UAE?

Swvl announced it has secured a working capital facility in the UAE with Zelo, its first such facility in that market. Swvl expects to use this dedicated liquidity to fund and accelerate the launch of new enterprise accounts in its UAE pipeline.

How has Swvl (SWVL) performed in the GCC market since its UAE relaunch?

Swvl states that since relaunching in the UAE in December 2024, it has achieved approximately 5x revenue growth in the GCC market, supported by a series of new enterprise contracts.

What major contract did SWVL recently secure in the UAE?

Swvl reports securing a five-year enterprise contract valued at up to $5.5 million in the UAE, contributing to its growing pipeline of enterprise deployments in that market.

How does SWVL plan to use the new working capital facility with Zelo?

Swvl expects to direct proceeds from the working capital facility toward client acquisition and further expansion in the UAE, matching short-term financing to the working-capital needs of new deployments to help convert its pipeline into revenue-generating contracts.

Why did Swvl (SWVL) choose Zelo as its financing partner?

Swvl selected Zelo due to Zelo’s ability to understand Swvl’s business model, growth trajectory, and working capital requirements, and its flexible, solutions-oriented approach to providing liquidity for new enterprise deployments in the UAE.

Which sectors do Swvl’s UAE enterprise deployments cover?

Swvl states that its UAE enterprise deployments span e-commerce warehousing, manpower and security services, and healthcare, reflecting broad-based growth that is not dependent on any single client or sector.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/01/2026 - 08:30 AM Accepted by SEC EDGAR 09/01/2026 - 08:30 AM Learn about SEC filing dates

​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

​

For the month of August 2026 (Report No. 3)

​

Commission File Number: 001-41339

Swvl Holdings Corp

The Offices 4, One Central

Dubai World Trade Centre

Dubai, United Arab Emirates

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

​

Form 20-F ☒ Form 40-F ☐

​

​

​

​

CONTENTS

​

On Sptember 1, 2026, Swvl Holdings Corp (“Swvl”) issued a press release titled: “Swvl Secures Its First Working Capital Facility in the UAE with Zelo to Accelerate Growth in Its Fastest-Growing Market.” A copy of this press release is furnished herewith as Exhibit 99.1.

​

The first seven paragraphs, and the section titles “Forward-Looking Statements” in the press release are incorporated by reference into Swvl’s Registration Statement on Form F-3 (Registration No. 333-279918) and Form S-8 (Registration No. 333-265464) filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

​

EXHIBIT INDEX

​

​	​	​
Exhibit	​ ​ ​	Description of Exhibit
​	​	​
99.1	​	Press release titled: “Swvl Secures Its First Working Capital Facility in the UAE with Zelo to Accelerate Growth in Its Fastest-Growing Market.”

​

​

SIGNATURE

​

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

​

​	​	​
​	SWVL HOLDINGS CORP
​	​	​
Date: September 1, 2026	By:	/s/ Mostafa Kandil
​	Name:	Mostafa Kandil
​	Title:	Chief Executive Officer

​

Exhibit 99.1

Swvl Secures Its First Working Capital Facility in the UAE with Zelo to Accelerate Growth in Its Fastest-Growing Market

Swvl's signs its first working capital facility in the UAE providing dedicated liquidity to launch and scale new enterprise accounts in the Company's pipeline

Builds on Swvl's UAE relaunch since December 2024, during which the Company has achieved approximately 5x revenue growth in the GCC market, reinforcing UAE as one of Swvl's accelerating markets

​

DUBAI, United Arab Emirates, September 1, 2026 (GLOBE NEWSWIRE) — Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading provider of technology-enabled mass mobility solutions, today announced that it has secured a working capital facility with Zelo, the Company's first such facility in the United Arab Emirates (“UAE”). The facility provides Swvl with dedicated liquidity to fund and accelerate the launch of new enterprise accounts in its UAE pipeline, building on the market's rapid growth since the Company's relaunch.

Since relaunching in the UAE in December 2024, Swvl has achieved approximately 5x revenue growth and secured a series of enterprise contracts, including a recently announced five-year contract valued at up to $5.5 million. Proceeds from the facility are expected to be directed toward client acquisition and further expansion in the UAE.

We believe the facility enables Swvl to convert its growing pipeline into live, revenue-generating contracts more quickly by matching short-term funding to the working-capital needs of new deployments, supporting growth without diluting shareholders.

Swvl selected Zelo as a financing partner due to Zelo’s ability to understand Swvl’s business model, growth trajectory, and working capital requirements. Zelo’s flexible and solutions-oriented approach enabled Swvl to access the liquidity required to support new enterprise deployments and accelerate growth in the UAE market.

Growth in the UAE is broad-based rather than dependent on any single client or sector. Swvl's new and expanding enterprise deployments in the market span diversified industries, including e-commerce warehousing, manpower and security services, and healthcare, widening the contracted pipeline the facility is intended to fund.

These accounts typically involve complex operations running across multiple sites and shifts, where Swvl designs a fully optimized transportation network, matching routing, scheduling, and vehicle mix to each client's workforce and site footprint.

Deployments are supported by software and hardware integrations that provide visibility on vehicles, drivers, and passengers, while maintaining safety and fleet-management guardrails. Alongside operations, Swvl provides fleet management consultancy aimed at cutting clients' operational costs and minimizing fuel consumption and vehicle mileage.

“The UAE is one of our most important and fastest-growing markets, and access to local, scalable working capital is a key enabler of our next phase of growth,” said Mostafa Kandil, Chief Executive Officer of Swvl. “This facility with Zelo allows us to move quickly on the strong pipeline we have built, launching new enterprise accounts with the liquidity they require, while staying disciplined and asset-light.”

“We believe that securing our first working capital facility in the UAE is an important step in how we fund growth,” said Ahmed Misbah, Chief Financial Officer of Swvl. “By matching dedicated, short-term financing to the working-capital needs of new deployments, we believe that we can accelerate revenue conversion in one of our highest-value markets.”

“Finance should do more than fund businesses, it should create value for everyone involved,” said Dhanush Arjun, Co-Founder and Chief Executive Officer of Zelo. “At Zelo, every facility is structured to create a win for our client, a win for their stakeholders, and a win for the broader economy. We're excited to partner with Swvl as it scales one of its most important markets.”

About Swvl

Swvl is a leading provider of technology-enabled mobility solutions for enterprises and governments. Through its proprietary platform, Swvl delivers optimized routing, real-time visibility, and operational efficiency across large-scale transportation networks. Swvl serves corporate clients, government institutions, schools, and healthcare

​

providers across Egypt, the Kingdom of Saudi Arabia, the UAE, Kuwait, Qatar, the United Kingdom, and the United States. For more information, visit www.swvl.com.

About Zelo

Zelo is a technology-enabled working capital financing platform providing solutions to SMEs, contractors, and suppliers across the UAE. Backed by International Holding Company (ADX: IHC), Zelo provides embedded finance solutions to help businesses manage liquidity needs and accelerate growth. Zelo is licensed and regulated by the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) and has funded over 12,000 transactions across key sectors of the UAE economy. For more information, visit zelofinance.ai.

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 the expected benefits and availability of the working capital facility with Zelo; its intended use of the facility to fund and accelerate the launch of new enterprise accounts; the belief that securing its first working capital facility in the UAE is an important step in how Swvl funds growth;  its belief that it can accelerate revenue conversion in one of its highest-value markets, while protecting its balance sheet; the size, terms, conditions and timing of the facility; the conversion of its pipeline into revenue-generating contracts; its expected growth in the UAE and other markets; and its ability to scale in a capital-efficient manner while minimizing dilution.

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, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions; many 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. For example, the availability and drawdown of the facility may be subject to conditions, and there can be no assurance that the facility will be utilized in full or at all.

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 its assessments and projections to change. While Swvl may elect to update these forward-looking statements in the future, it 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. Except as otherwise required by law, Swvl undertakes no obligation to publicly release any revisions to these 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, 2025, 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: ir@swvl.com

Ahmed Misbah, Chief Financial Officer of Swvl: ahmed.misbah@swvl.com

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 15.1 KB