Swvl Secures $4 Million Contract Renewal in Saudi Arabia

The latest update is out from Swvl ( (SWVL) ).

On May 27, 2025, Swvl Holdings Corp announced the renewal of a three-year contract with a large enterprise in essential services, valued at approximately $4 million and expected to exceed $5.2 million by its expiry. This renewal extends Swvl’s relationship with the enterprise to a total of six years and highlights the company’s strategic role in expanding transportation operations in Saudi Arabia, particularly in NEOM, a flagship smart city project. The contract underscores Swvl’s position as a trusted partner in the region’s logistics sector, driven by increasing demand for secure and reliable transportation solutions. Swvl’s advanced technology platform aims to efficiently manage dynamic transportation demands and optimize fleet operations, supporting the ambitious development timeline of NEOM and enhancing Swvl’s operational network in remote areas.

Spark’s Take on SWVL Stock

According to Spark, TipRanks’ AI Analyst, SWVL is a Neutral.

Swvl’s overall stock score reflects significant financial challenges and weak technical indicators. The company’s negative profitability, high leverage, and cash flow issues are major concerns, despite some improvement in cash position through financing. Technical analysis points to weak momentum with the stock underperforming against key moving averages and an overbought RSI. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield, underscoring a challenging outlook for investors.

To see Spark’s full report on SWVL stock, click here.

More about Swvl

Swvl is a global technology provider offering transformative mobility solutions for enterprises and governments. The company’s platform delivers innovative transportation alternatives, aiming to enable safer, more efficient, and accessible mobility options. Swvl operates in numerous cities worldwide, providing services to empower individuals and organizations to navigate their environments effectively.

Average Trading Volume: 19,424

Technical Sentiment Signal: Sell

Current Market Cap: $48.24M

For a thorough assessment of SWVL stock, go to TipRanks’ Stock Analysis page.