Swvl Holdings shares surge 30.39% premarket after securing $5.5M UAE contract.
ByAinvest
Tuesday, Feb 3, 2026 4:11 am ET1min read
SWVL--
Swvl Holdings surged 30.39% in premarket trading following the announcement of a new five-year contract in the UAE valued at up to $5.5 million, its fastest-growing market. The deal, highlighted across multiple news reports, underscores the company’s expanding enterprise partnerships and data-driven mobility solutions, aligning with its strategy to secure long-term, high-value contracts. The UAE’s 5x growth in December 2025 over January 2025, as noted in the news, further reinforces investor confidence in Swvl’s regional expansion and operational scalability. Additional positive momentum may stem from recent GCC expansion, a $2.2 million Kuwait contract, and strong Q3 2025 financials, though the UAE contract remains the primary catalyst for the premarket rally.
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