Swvl Holdings (SWVL) said late Tuesday that it signed "multiple" new contracts in Saudi Arabia during Q3 worth $2.6 million in incremental annual contract value.
The new contracts are equivalent to about 10% of full-year sales during 2023. The move aligns with Swvl's focus on expanding its footprint in Saudi Arabia, its fastest-growing market.
The company's shares jumped 5% in after-hours activity.
Price: 3.2000, Change: +0.15, Percent Change: +4.92
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