Swvl Secures Working Capital Facility With Zelo To Roll Out New Enterprise Accounts In Its UAE Pipeline

Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a leading provider of technology-enabled mass mobility solutions, today announced that it has secured a working capital facility with Zelo, the Company's first such facility in the United Arab Emirates ("UAE"). The facility provides Swvl with dedicated liquidity to fund and accelerate the launch of new enterprise accounts in its UAE pipeline, building on the market's rapid growth since the Company's relaunch.

Since relaunching in the UAE in December 2024, Swvl has achieved approximately 5x revenue growth and secured a series of enterprise contracts, including a recently announced five-year contract valued at up to $5.5 million. Proceeds from the facility are expected to be directed toward client acquisition and further expansion in the UAE.