Swvl secures $2.6M in Saudi Arabia Q3 contracts, increasing gross profit sixfold since Q1 2023.
Swvl, a provider of mobility solutions, announced $2.6 million in new annual contracts in Saudi Arabia during Q3 2024, contributing about 10% to its 2023 revenues. The company’s gross profit in the region has increased sixfold since Q1 2023. Swvl plans to expand its services across various sectors, including education and healthcare, focusing on operational efficiency through technology-driven solutions. This growth reflects clients' trust in Swvl's ability to tackle mobility challenges.
September 17, 2024
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