Swvl Appoints Ahmed Misbah as Chief Financial Officer
Swvl Holdings Corp. (NASDAQ: SWVL) has appointed Ahmed Misbah as its new Chief Financial Officer, effective immediately. Misbah, who has been with Swvl since June 2021, previously served as Group Finance Manager, Head of Finance, and Director of Finance. His notable achievements include overseeing a $4.7 million private placement, securing sustainable finance with HSBC Bank, and leading the company's portfolio optimization plan that achieved profitability 18 months ahead of schedule.
During H2 2024, under Misbah's financial leadership, the company achieved over 50% top-line growth while reducing corporate overheads by more than 25%. Before joining Swvl, he worked at PricewaterhouseCoopers and served as VP of Strategy & Finance at Middle East startups. The appointment aims to strengthen financial capabilities, accelerate reporting timelines, and enhance investor communications.
Swvl Holdings Corp. (NASDAQ: SWVL) ha nominato Ahmed Misbah come nuovo Chief Financial Officer, con effetto immediato. Misbah, che è con Swvl dal giugno 2021, ha precedentemente ricoperto ruoli come Group Finance Manager, Responsabile Finanza e Direttore Finanziario. Tra i suoi risultati notevoli ci sono la supervisione di un collocamento privato da 4,7 milioni di dollari, la sicurezza di finanziamenti sostenibili con HSBC Bank e la guida del piano di ottimizzazione del portafoglio dell'azienda, che ha raggiunto la redditività 18 mesi prima del previsto.
Durante il secondo semestre del 2024, sotto la guida finanziaria di Misbah, l'azienda ha ottenuto una crescita del fatturato di oltre il 50% riducendo al contempo le spese generali aziendali di oltre il 25%. Prima di unirsi a Swvl, ha lavorato presso PricewaterhouseCoopers ed è stato VP di Strategia e Finanza in startup del Medio Oriente. La nomina mira a rafforzare le capacità finanziarie, accelerare i tempi di reporting e migliorare le comunicazioni con gli investitori.
Swvl Holdings Corp. (NASDAQ: SWVL) ha nombrado a Ahmed Misbah como su nuevo Director Financiero, con efecto inmediato. Misbah, quien ha estado con Swvl desde junio de 2021, anteriormente se desempeñó como Gerente de Finanzas del Grupo, Jefe de Finanzas y Director Financiero. Entre sus logros notables se encuentran la supervisión de una colocación privada de 4.7 millones de dólares, la obtención de financiamiento sostenible con HSBC Bank y la dirección del plan de optimización de la cartera de la empresa, que alcanzó la rentabilidad 18 meses antes de lo programado.
Durante el segundo semestre de 2024, bajo el liderazgo financiero de Misbah, la compañía logró un crecimiento de ingresos superior al 50% mientras reducía los gastos generales corporativos en más del 25%. Antes de unirse a Swvl, trabajó en PricewaterhouseCoopers y se desempeñó como VP de Estrategia y Finanzas en startups de Medio Oriente. El nombramiento tiene como objetivo fortalecer las capacidades financieras, acelerar los plazos de informes y mejorar la comunicación con los inversores.
Swvl Holdings Corp. (NASDAQ: SWVL)는 Ahmed Misbah을 새로운 최고재무책임자(CFO)로 즉시 임명했습니다. Misbah는 2021년 6월부터 Swvl에 재직 중이며, 이전에는 그룹 재무 관리자, 재무 책임자, 재무 이사로 근무했습니다. 그의 주요 성과에는 470만 달러의 사모펀드 감독, HSBC은행과의 지속 가능한 금융 확보, 회사의 포트폴리오 최적화 계획을 이끌어내어 18개월 일찍 수익성을 달성한 것이 포함됩니다.
2024년 하반기 동안 Misbah의 재무 리더십 하에 회사는 50% 이상의 매출 성장을 달성하고, 기업 경비를 25% 이상 줄였습니다. Swvl에 합류하기 전 그는 PricewaterhouseCoopers에서 근무했으며 중동 스타트업에서 전략 및 재무 VP로 활동했습니다. 이번 임명의 목표는 재무 역량을 강화하고, 보고 일정의 속도를 높이며, 투자자 커뮤니케이션을 향상시키는 것입니다.
Swvl Holdings Corp. (NASDAQ: SWVL) a nommé Ahmed Misbah comme nouveau directeur financier, avec effet immédiat. Misbah, qui est chez Swvl depuis juin 2021, a précédemment occupé les postes de responsable des finances de groupe, chef des finances et directeur financier. Parmi ses réalisations notables figurent la supervision d'un placement privé de 4,7 millions de dollars, l'obtention d'un financement durable auprès de la HSBC Bank et la direction du plan d'optimisation du portefeuille de l'entreprise, qui a atteint la rentabilité 18 mois avant la date prévue.
Durant le second semestre de 2024, sous la direction financière de Misbah, l'entreprise a réalisé une croissance de plus de 50 % du chiffre d'affaires tout en réduisant les frais généraux de l'entreprise de plus de 25 %. Avant de rejoindre Swvl, il a travaillé chez PricewaterhouseCoopers et a été vice-président de la stratégie et des finances dans des start-ups au Moyen-Orient. La nomination vise à renforcer les capacités financières, à accélérer les délais de rapport et à améliorer la communication avec les investisseurs.
Swvl Holdings Corp. (NASDAQ: SWVL) hat Ahmed Misbah als neuen Chief Financial Officer (CFO) mit sofortiger Wirkung ernannt. Misbah, der seit Juni 2021 bei Swvl ist, hatte zuvor die Positionen des Group Finance Managers, Finanzleiters und Finanzdirektors inne. Zu seinen bemerkenswerten Leistungen gehören die Aufsicht über eine Privatplatzierung von 4,7 Millionen Dollar, die Sicherstellung nachhaltiger Finanzierungen mit der HSBC Bank und die Leitung des Unternehmensportfolioplanungsprojekts, das 18 Monate früher als geplant profitabel wurde.
Im zweiten Halbjahr 2024 erzielte das Unternehmen unter der finanziellen Führung von Misbah ein Umsatzwachstum von über 50%, während die Unternehmensgemeinkosten um mehr als 25% gesenkt wurden. Bevor er zu Swvl kam, arbeitete er bei PricewaterhouseCoopers und war VP für Strategie und Finanzen in Start-ups im Nahen Osten. Die Ernennung zielt darauf ab, die Finanzfähigkeiten zu stärken, die Berichtsfristen zu beschleunigen und die Kommunikation mit den Investoren zu verbessern.
- Achieved 50% top-line growth in H2 2024
- Reduced corporate overheads by 25% in H2 2024
- Reached profitability 18 months ahead of schedule
- Secured $4.7 million private placement and HSBC Bank financing
- None.
DUBAI, United Arab Emirates, Feb. 05, 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
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 CEO, 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
FAQ
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