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Swvl ( (SWVL) ) has provided an update.
Swvl Holdings Corp announced on February 10, 2025, that investors have exercised their rights to purchase additional securities under a previously executed agreement from November 2024, resulting in $2 million in gross proceeds. The funds are intended for working capital and the expansion of operations in the United States. The private placement, which closed on February 7, 2025, signals investor confidence in Swvl’s long-term growth strategy, supported by recent developments such as securing contracts in Egypt, Saudi Arabia, and the UAE, and obtaining financing from HSBC.
More about Swvl
Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments, focusing on enhancing transit system efficiency for safer, more reliable, and sustainable transportation.
YTD Price Performance: -18.91%
Average Trading Volume: 41,676
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $47.46M
For an in-depth examination of SWVL stock, go to TipRanks’ Stock Analysis page.
