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Swvl Holdings Corp director Dany Farha has filed an initial statement of beneficial ownership. The filing reports indirect ownership of 715,723 Ordinary Shares held of record by Memphis Equity Ltd, a special purpose vehicle on whose board Farha serves.
Of these 715,723 shares, 552,586 are attributable to BECO Booster Fund II, where Farha serves as a general partner, and 163,137 shares are attributable to other investors in Memphis. The filing reflects existing indirect holdings rather than a new share purchase or sale.
Swvl Holdings Corp has changed its independent auditor. The Audit Committee approved the engagement of Bansal & Co LLP and dismissed Grant Thornton Audit and Accounting Limited (Dubai Branch) as of January 29, 2026.
Grant Thornton’s reports for the years ended December 31, 2024 and 2023 contained explanatory paragraphs highlighting substantial doubt about the Company’s ability to continue as a going concern, but did not include adverse or qualified opinions. The filing states there were no disagreements with Grant Thornton on accounting, disclosure, or audit scope, and no reportable events other than previously disclosed material weaknesses in internal control over financial reporting. The Company also confirms it did not consult Bansal on accounting or auditing issues before the appointment.
Swvl Holdings Corp reported that it has signed a new three-year healthcare mobility contract in Saudi Arabia valued at up to $1.5 million. The agreement covers transportation for patients, medical staff, and equipment using Swvl’s technology platform for dynamic routing, real-time dispatching, and operational optimization.
The company highlights healthcare as a key growth focus across Gulf Cooperation Council markets and notes that this win follows earlier multi-year enterprise contracts of up to $2.2 million in Kuwait and up to $5.5 million in the United Arab Emirates, supporting its regional expansion strategy.
Swvl Holdings Corp has signed a new five-year contract in the United Arab Emirates valued at up to $5.5 million, expanding its presence in one of its fastest-growing and high-value markets. The company reports approximately 5x growth in the UAE between January and December 2025, supported by its focus on enterprise customers and multi-site deployments.
The new agreement aligns with Swvl’s strategy of targeting long-term, high-value enterprise contracts that use its full technology and operations stack for optimized routing, better fleet utilization, and real-time performance visibility. Swvl highlights strong demand from sectors such as logistics, manufacturing, education, and large corporate campuses across the GCC region.
Swvl Holdings Corp has launched operations in Kuwait as part of its Gulf Cooperation Council expansion, anchored by a $2.2 million multi-year enterprise mobility contract. The company will deploy its full technology-enabled transportation platform to serve large organizations across multiple sites and shifts, aiming to enhance workforce transportation efficiency, reliability, and cost predictability.
The move extends Swvl’s regional footprint beyond existing markets such as the UK, UAE, Saudi Arabia, and Egypt, and aligns with its strategy to focus on high-margin, contract-based enterprise customers and long-term collaborations. Management highlights the Kuwait contract as evidence of growing demand from enterprises for end-to-end, data-driven transport solutions with real-time visibility and performance optimization.