Swvl has launched operations in Kuwait and secured a $2.2 million multi-year contract as part of its Gulf Cooperation Council expansion.

Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), the leading provider of technology-enabled mass mobility solutions, today announced the launch of its operations in Kuwait, marking a key milestone in the Company’s regional expansion strategy. The launch is anchored by a $2.2 million multi-year contract, reinforcing Swvl’s growing presence across high-value Gulf Cooperation Council (GCC) markets.

The Kuwait rollout will see Swvl deploy its full stack of enterprise mobility solutions, serving large organizations with scalable, data-driven transportation across multiple sites and shifts. The initial deployment is designed to optimize workforce transportation efficiency, improve service reliability, and deliver cost predictability through technology-led operations.

Swvl’s entry into Kuwait builds on its strong momentum across the region, following successful launches and long-term collaborations in the UK, UAE, Saudi Arabia, and Egypt. The Kuwait contract reflects increasing demand from enterprises seeking end-to-end transportation solutions that combine operational excellence with real-time visibility and performance optimization.

“Kuwait represents a strategically important market for Swvl as we continue to scale our enterprise mobility platform across the GCC,” said Mostafa Kandil, CEO at Swvl. “We believe that securing a $2.2 million contract at the time of our launch in Kuwait demonstrates strong market confidence in our operating model, technology capabilities, and ability to deliver reliable, high-quality transportation at scale.”

Swvl’s expansion into Kuwait aligns with its broader strategy to focus on high-margin, contract-based enterprise customers, prioritizing long-term collaborations and predictable revenue streams. The Company continues to see strong traction from sectors such as logistics, manufacturing, retail, and large corporate campuses across the region.

“Our focus remains on building durable, high-value contracts in markets where technology-enabled mass transit can deliver immediate operational and financial impact,” added Ahmed Misbah, CFO at Swvl. “Kuwait is a natural extension of that strategy.”

With this launch, Swvl further strengthens its position as a leading mass mobility platform in the Middle East, supporting governments and enterprises in building smarter, more efficient transportation ecosystems.

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COMTEX_472502166/2227/2026-01-28T06:18:58