Mobility Platform Swvl Secures $6.3 Million Contract With e& Egypt

Swvl Holdings Corp (Nasdaq: SWVL), an Egypt-founded and Dubai-headquartered provider of tech-enabled mobility solutions, announced the signing of a five-year contract with e& Egypt, a leading telecom operator in the country. The agreement, valued at up to $6.3 million, looks to strengthen Swvl's position in the Egyptian market and reinforce its leadership in the enterprise and government mobility sector.

e& Egypt, formerly known as Etisalat Egypt, is part of the e& Group, a prominent player in telecommunications and information technology across the region. This partnership signifies Swvl's commitment to providing tech-driven mobility solutions that enhance daily commutes for businesses and individuals globally, with a particular focus on catering to the needs of dynamic workplaces.

The details of the specific mobility services provided under the contract are yet to be disclosed.