SWVLW Swvl Holdings Corporation

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February 2025

 

Commission File Number: 001-41339

 

 

Swvl Holdings Corp

 

 

The Offices 4, One Central

Dubai World Trade Centre

Dubai, United Arab Emirates

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

 

 

CONTENTS

 

On February 4, 2025, the Board of Directors (the “Board”) of Swvl Holdings Corp (the “Company” or “Swvl”) appointed Ahmed Samir Farid Misbah Abouramadan to serve as the Chief Financial Officer of the Company.

 

Mr. Misbah has served as the Group Finance Manager, Head of Finance and Director of Finance of the Company since June 2021. He has led accounting and finance including strategic planning, cash management, budgeting, treasury, tax and compliance across Swvl entities. Prior to joining the Company, he worked with multiple startups in the Middle East and served as a senior associate at PricewaterhouseCoopers LLC in the United Arab Emirates from 2018 to 2021. Mr. Misbah graduated from the American University in Cairo, receiving a Bachelors of Accounting in 2018.

 

On February 5, 2025, Swvl issued a press release titled: “Swvl Appoints Ahmed Misbah as Chief Financial Officer.” A copy of this press release is furnished herewith as Exhibit 99.1.

 

On February 4, 2025, Abdullah Mansour tendered his resignation as Interim Chief Financial Officer of the Company, effective immediately. Mr. Mansour’s resignation was not related to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

 

This Report of Foreign Private Issuer on Form 6-K (“Report”) is incorporated by reference into Swvl’s Registration Statement on Form F-3 (Registration No. 333-279918) and Form S-8 (Registration No. 333-265464), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report of Foreign Private Issuer is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

EXHIBIT INDEX

 

Exhibit		Description of Exhibit
99.1		Press release titled: “Swvl Appoints Ahmed Misbah as Chief Financial Officer.”

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  

	SWVL HOLDINGS CORP
Date: February 5, 2025	By:	/s/ Mostafa Kandil
	Name:	Mostafa Kandil
	Title:	Chief Executive Officer

 

 

 

Exhibit 99.1

 

Swvl Appoints Ahmed Misbah as Chief Financial Officer

 

Dubai, United Arab Emirates – February 5, 2025 (GLOBE NEWSWIRE)– Swvl Holdings Corp. (“Swvl” or the “Company”) (NASDAQ: SWVL), a global technology-enabled mass transit solutions provider, is pleased to announce the appointment of Mr. Ahmed Misbah as its new Chief Financial Officer, effective immediately.

 

Since June 2021, Mr. Misbah has been an integral part of Swvl’s finance leadership, having served as Group Finance Manager, Head of Finance, and Director of Finance. During his tenure, he has played a pivotal role in overseeing accounting, reporting, cash management, budgeting, treasury, tax, and compliance across Swvl’s global operations.

 

Mr. Misbah has played a key role in the Company's successful milestones, including the pricing of a $4.7 million private placement and securing sustainable finance with HSBC Bank, as announced by the Company in November 2024. Mr. Misbah has also been a key player in Swvl’s Nasdaq listing via a Special Purpose Acquisition Company transaction and led Swvl’s first phase of the portfolio optimization plan, which turned Swvl and its subsidiaries profitable 18 months ahead of schedule. During the second half of 2024, Mr. Misbah played a vital role in allowing the Company to grow its top line by more than 50% while lowering corporate overheads by over 25%.

 

Prior to Swvl, Mr. Misbah worked as a Senior Associate at PricewaterhouseCoopers LLC in the United Arab Emirates from 2018 to 2021. He served as Vice President of Strategy & Finance at multiple startups in the Middle East from 2023 to 2024. Mr. Misbah holds a Bachelor’s degree in Accounting from the American University in Cairo.

 

Mostafa Kandil, Swvl's Chief Executive Officer, stated: “We are thrilled to appoint Ahmed Misbah as our Chief Financial Officer. His deep understanding of our business and his proven track record in accounting and finance makes him ideal for driving our next phase of growth while maintaining financial discipline and supporting our ambitious expansion plans.”

 

This appointment aligns with Swvl’s strategy to rebuild its management team and strengthen its financial capabilities, with a focus on accelerating reporting timelines, enhancing investor communications, and ensuring financial resilience across its existing and new markets.

 

About Swvl

 

Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments. Its technology enhances transit system efficiency, delivering safer, more reliable, and sustainable transportation solutions.

 

 

For additional information about Swvl, please visit www.swvl.com.

 

Forward-Looking Statements

 

This press release contains “forward-looking statements'' relating to future events. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. For example, Swvl is using forward-looking statements when it discusses the expectation that Mr. Misbah will drive Swvl’s next phase of growth, while continuing to maintain financial discipline, support Swvl’s expansion plans, strengthen Swvl’s financial capabilities and accelerate reporting timelines, enhancing investor communications and ensuring financial resilience across Swvl’s existing and new markets .These statements are based on the current expectations of Swvl’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl’s business, and actual results may differ materially. In addition, forward-looking statements provide Swvl’s expectations, plans, or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments could cause Swvl’s assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Swvl’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon any forward-looking statements. Except as otherwise required by law, Swvl undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website, www.sec.gov, and in subsequent SEC filings.

 

Contact

 

Investor.relations@swvl.com

 

 

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