Swvl Expands its Carrier into Saudi Arabia’s Banking Sector with Financial institution Albilad, Bringing Generation-Pushed Trip Products and services that Redefine Personnel Mobility
DUBAI, United Arab Emirates, July 07, 2026 (GLOBE NEWSWIRE) — Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a number one supplier of technology-enabled mass mobility answers, lately introduced the signing of a brand new contract with Financial institution Albilad, some of the Kingdom of Saudi Arabia’s (“KSA”) main banks. Swvl’s carrier growth into the banking and fiscal services and products sector within the KSA deepens the Corporate’s presence in considered one of its maximum strategic progress markets.
Pursuant to the settlement between the Corporate and Financial institution Albilad (the “Agreement”), Swvl will supply technology-enabled travel services and products throughout Financial institution Albilad’s community, leveraging Swvl’s platform to allow dynamic path making plans, real-time dispatching, and operational optimization. The deployment is designed to reinforce team of workers mobility, reinforce carrier reliability, and ship value predictability thru technology-led operations.
The Settlement reinforces Swvl’s means of increasing into high-value venture verticals, the place scale, reliability, and operational keep an eye on are crucial. Monetary services and products have emerged as a key focal point space for the Corporate around the Gulf Cooperation Council (“GCC”), pushed by way of rising call for from extensive establishments in search of scalable, data-driven travel services and products for his or her team of workers.
“KSA remains to be a highly strategic growth market for Swvl and we view the expansion into the banking sector as reflective of the breadth of demand for technology-enabled mobility across essential industries,” mentioned Mostafa Kandil, Leader Govt Officer at Swvl. “We believe that partnering with an institution of the caliber of Bank Albilad underscores the confidence that leading enterprises place in Swvl’s ability to deliver reliable, efficient, and technology-led transportation at scale.”
The announcement follows a chain of up to now introduced multi-year venture contract wins by way of Swvl around the GCC, together with a freelance in Kuwait of as much as $2.2 million, a freelance within the United Arab Emirates of as much as $5.5 million, and a healthcare contract in Saudi Arabia of as much as $1.5 million. Jointly, those deployments improve Swvl’s regional growth technique and replicate sustained venture call for for technology-enabled, large-scale transportation answers throughout high-value GCC markets.
“We believe that our entry into the banking sector further demonstrates the versatility and scalability of Swvl’s platform across high-value verticals,” added Ahmed Misbah, Leader Monetary Officer at Swvl. “Our focus remains on securing long-term, high-quality contracts that generate predictable, recurring revenue while addressing critical operational needs for leading enterprises in the region.”
With this milestone, Swvl targets to proceed advancing its regional growth technique, deepening its presence in Saudi Arabia and reinforcing its place as a supplier of enterprise-grade, technology-enabled mobility answers throughout high-growth GCC markets.
About Swvl
Swvl Holdings Corp (NASDAQ: SWVL) is a number one supplier of technology-driven mobility answers for enterprises and governments. Its platform leverages real-time records, adaptive networks, and complicated expertise to ship more secure, extra dependable, and sustainable transportation answers. Swvl serves company purchasers, executive establishments, colleges, and healthcare suppliers throughout Egypt, the Kingdom of Saudi Arabia, the UAE, Kuwait, and the UK. For more info, seek advice from www.swvl.com.
Ahead-Having a look Statements
This press unlock comprises “forward-looking statements” in the case of long term occasions. Ahead-looking statements normally are accompanied by way of phrases corresponding to “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and an identical expressions that are expecting or point out long term occasions or traits or that don’t seem to be statements of ancient issues. Those forward-looking statements come with, however don’t seem to be restricted to, statements referring to Swvl’s growth into the banking and fiscal services and products sector in Saudi Arabia and the GCC; redefining and bettering team of workers mobility; Swvl’s talent to accomplish its tasks underneath the Settlement and supply technology-enables travel services and products throughout Financial institution Albilad’s community; the advantages of its mobility answers and platform; its talent to reinforce carrier reliability and ship value predictability thru technology-led operations; its trust that the deployment will leverage its expertise and operations stack; its focal point on monetary services and products; its talent to handle advanced, multi-site team of workers transportation wishes; the expansion within the KSA marketplace and persevered call for for technology-enabled mobility throughout crucial industries; its trust that main enterprises have faith in Swvl’s talents and transportation; its growth technique and sustained venture call for for technology-enabled, large-scale transportation answers throughout high-value GCC markets; the flexibility and scalability of Swvl’s platform throughout high-value verticals; its talent to safe long-term, fine quality contracts that generate predictable, routine earnings whilst addressing essential operational wishes for main enterprises within the area; its reinforcement of its place as a supplier of enterprise-grade, technology-enabled mobility answers throughout high-growth GCC markets; and its expectancies referring to long-term call for for technology-enabled mass mobility answers.
Those statements are in response to the present expectancies of Swvl’s control and don’t seem to be predictions of exact efficiency. Those forward-looking statements are equipped for illustrative functions most effective and don’t seem to be supposed to function, and will have to now not be depended on, by way of any investor as a ensure, assurance, prediction, or definitive observation of reality or likelihood. Exact occasions and cases are tricky or unattainable to are expecting and can fluctuate from assumptions. Many precise occasions and cases are past the keep an eye on of Swvl. Those statements are topic to various dangers and uncertainties referring to Swvl’s industry, and precise effects might fluctuate materially.
As well as, forward-looking statements supply Swvl’s expectancies, plans, or forecasts of long term occasions and perspectives as of the date of this verbal exchange. Swvl anticipates that next occasions and trends may just purpose Swvl’s tests and projections to modify. On the other hand, whilst Swvl might elect to replace those forward-looking statements one day, Swvl in particular disclaims any legal responsibility to take action. Those forward-looking statements must now not be relied upon as representing Swvl’s tests as of any date next to the date of this verbal exchange. Accordingly, undue reliance must now not be positioned upon any forward-looking statements.
Extra detailed details about the hazards and uncertainties affecting the Corporate is contained underneath the heading “Risk Factors” within the Corporate’s annual document on Shape 20-F for the fiscal yr ended December 31, 2025, filed with the U.S. Securities and Change Fee (the “SEC”), which is to be had at the SEC’s web page, www.sec.gov, and in next SEC filings.
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