Swvl Expands into Kuwait with $2.2 Million Deal, Bolstering GCC Presence Amid Financial Challenges

Swvl expands into Kuwait with a $2.2 million deal, enhancing its presence in the GCC region. Despite operational expansion, Swvl faces financial challenges, including negative margins and a distressed Altman Z-Score. The company operates in the Industrials sector, focusing on transportation solutions across multiple markets. Swvl Holdings Corp has a market capitalization of $22.82 million and is positioned within the Industrials sector, specifically in the transportation industry.