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Swvl raises $8m in latest funding round following Nasdaq market debut

RIYADH: Dubai-based ride-sharing service provider Swvl raised $8 million in a Series A round following its debut on the US Nasdaq Stock Exchange last week. “The $8 million round is the biggest round of funding for a tech start up in Egypt and one of the biggest rounds in the Middle East,” Nile FM reported citing Mostafa Kandil, CEO of Swvl. This latest round of funding was led
United Arab Emirates United Kingdom South Africa Saudi Arabia Ar Riya Mostafa Kandil

Swvl to begin trading on US's Nasdaq at $10 per share

RIYADH: Dubai-based ride-sharing service provider Swvl will start trading its shares on US’s Nasdaq Stock Exchange at a price of $10 per share. The firm will offer its shares on the US bourse through a merger with the American company Queen's Gambit Growth Capital with the purpose of acquisition. Swvl will be offering a share ranging between 20-30 percent of the company’s
United Arab Emirates United States United Kingdom South Africa Saudi Arabia Ar Riya

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