Exhibit 99.1
Swvl Secures a New Up to $1.5 Million Multi-Year Contract in Saudi Arabia, Expanding Its Healthcare Mobility Footprint Across the GCC
DUBAI, United Arab Emirates, February 9, 2026 (GLOBE NEWSWIRE) — Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading provider of technology-enabled mass mobility solutions, today announced the signing of a new three-year contract valued at up to $1.5 million in the Kingdom of Saudi Arabia (“KSA”), marking a significant expansion of its healthcare mobility operations across the Gulf Cooperation Council (“GCC”).
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.
The agreement reinforces Swvl’s strategy of expanding into high-value, mission-critical verticals where transportation complexity and service reliability are essential. Healthcare has emerged as a key focus area for the Company across the GCC, driven by increasing demand for scalable solutions that can efficiently move patients, nurses, doctors, and medical equipment across multi-site and shift-based operations.
The Company believes the deployment will leverage Swvl’s full technology and operations stack to deliver optimized routing, improved fleet utilization, and real-time performance visibility, enabling healthcare providers to better manage dynamic demand while maintaining predictable service levels.
“Saudi Arabia represents one of the most strategic growth markets for Swvl in the region,” said Mostafa Kandil, Chief Executive Officer at Swvl. “Securing an up to $1.5 million multi-year healthcare contract reflects the growing demand for technology-enabled mobility solutions that can support complex, time-sensitive operations while maintaining safety, reliability, and operational control.”
The announcement follows a series of recent multi-year enterprise contract wins by Swvl across the GCC, including an up to $2.2 million contract in Kuwait and an up to $5.5 million contract in the United Arab Emirates. Collectively, these deployments reinforce Swvl’s regional expansion strategy and reflect sustained enterprise demand for technology-enabled, large-scale transportation solutions across high-value GCC markets.
“We believe our expansion into healthcare across the GCC underscores the versatility and scalability of Swvl’s platform,” added Ahmed Misbah, Chief Financial Officer at Swvl. “Our focus remains on securing long-term, high-quality contracts that generate predictable revenue while addressing critical operational needs in essential sectors.”
With this milestone, Swvl continues to advance its regional expansion strategy, deepening its presence in Saudi Arabia and reinforcing its position as a provider of enterprise-grade, technology-enabled mobility solutions across high-growth GCC markets.
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.
