Swvl Secures Sustainable Finance with HSBC to Finance New Client Contracts
Swvl Holdings Corp (Nasdaq: SWVL) has secured a sustainable credit facility with HSBC Bank to finance its expansion of client contracts in Q4 2024. The agreement establishes a broader strategic collaboration aimed at enhancing Swvl's financial operations and sustainable growth. HSBC's role will extend beyond financing to include management of consolidated banking operations across Swvl's markets, focusing on streamlining financial processes and improving cash flow management. This partnership marks a significant milestone for Swvl, highlighting its recent achievements in the enterprise mobility market and supporting its growth initiatives.
Swvl Holdings Corp (Nasdaq: SWVL) ha ottenuto una linea di credito sostenibile con HSBC Bank per finanziare la sua espansione dei contratti con i clienti nel quarto trimestre del 2024. L'accordo stabilisce una collaborazione strategica più ampia volta a migliorare le operazioni finanziarie di Swvl e la crescita sostenibile. Il ruolo di HSBC si estenderà oltre il finanziamento e includerà la gestione delle operazioni bancarie consolidate nei mercati di Swvl, concentrandosi sull'efficientamento dei processi finanziari e sul miglioramento della gestione del flusso di cassa. Questa partnership segna un traguardo significativo per Swvl, evidenziando i suoi recenti successi nel mercato della mobilità aziendale e supportando le sue iniziative di crescita.
Swvl Holdings Corp (Nasdaq: SWVL) ha conseguido una línea de crédito sostenible con HSBC Bank para financiar su expansión de contratos con clientes en el cuarto trimestre de 2024. El acuerdo establece una colaboración estratégica más amplia con el objetivo de mejorar las operaciones financieras de Swvl y su crecimiento sostenible. El papel de HSBC se extenderá más allá del financiamiento e incluirá la gestión de las operaciones bancarias consolidadas en los mercados de Swvl, centrándose en la simplificación de los procesos financieros y la mejora de la gestión del flujo de caja. Esta asociación marca un hito significativo para Swvl, resaltando sus recientes logros en el mercado de movilidad empresarial y apoyando sus iniciativas de crecimiento.
Swvl Holdings Corp (Nasdaq: SWVL)는 HSBC Bank와 함께 2024년 4분기 고객 계약 확장을 위한 지속 가능한 신용 시설을 확보했습니다. 이번 계약은 Swvl의 재무 운영과 지속 가능한 성장을 향상시키기 위한 더 폭넓은 전략적 협력을 구축합니다. HSBC의 역할은 단순한 자금 조달을 넘어 Swvl의 시장 전반에서 통합된 은행 운영 관리로 이어지며, 재무 프로세스를 간소화하고 현금 흐름 관리를 개선하는 데 중점을 둡니다. 이번 파트너십은 Swvl에 있어 중요한 이정표가 되며, 기업 이동성 시장에서의 최근 성과를 강조하고 성장 이니셔티브를 지원합니다.
Swvl Holdings Corp (Nasdaq: SWVL) a obtenu une ligne de crédit durable avec HSBC Bank pour financer son expansion des contrats clients au quatrième trimestre 2024. Cet accord établit une collaboration stratégique plus large visant à améliorer les opérations financières de Swvl et sa croissance durable. Le rôle de HSBC dépassera le financement pour inclure la gestion des opérations bancaires consolidées sur les marchés de Swvl, en se concentrant sur l'optimisation des processus financiers et l'amélioration de la gestion des flux de trésorerie. Ce partenariat représente une étape significative pour Swvl, soulignant ses récentes réalisations sur le marché de la mobilité d'entreprise et soutenant ses initiatives de croissance.
Swvl Holdings Corp (Nasdaq: SWVL) hat eine nachhaltige Kreditvereinbarung mit HSBC Bank gesichert, um die Erweiterung seiner Kundenverträge im vierten Quartal 2024 zu finanzieren. Die Vereinbarung etabliert eine umfassendere strategische Zusammenarbeit, die darauf abzielt, die finanziellen Abläufe von Swvl sowie das nachhaltige Wachstum zu fördern. Die Rolle von HSBC wird über die Finanzierung hinausgehen und die Verwaltung der konsolidierten Bankgeschäfte in den Märkten von Swvl umfassen, wobei der Fokus auf der Straffung der Finanzprozesse und der Verbesserung des Cashflow-Managements liegt. Diese Partnerschaft stellt einen bedeutenden Meilenstein für Swvl dar, der die jüngsten Erfolge im Bereich der Unternehmensmobilität hervorhebt und die Wachstumsinitiativen unterstützt.
- Secured new credit facility with HSBC Bank
- Strategic partnership for consolidated banking operations
- Enhanced financial operational efficiency
- None.
Insights
This credit facility agreement with HSBC represents a significant strategic development for Swvl's financial position and growth capabilities. The deal brings two key advantages: immediate working capital to finance new client contracts and operational efficiency through consolidated banking operations.
The partnership with a major global bank like HSBC adds credibility to Swvl's business model and suggests positive due diligence outcomes. However, specific terms, including facility size and interest rates, are notably absent from the announcement. For a company with a relatively small market cap of
The focus on sustainable financing aligns with ESG trends and could potentially lower borrowing costs. The streamlined banking operations across multiple markets should reduce administrative overhead and improve cash flow management efficiency.
DUBAI, United Arab Emirates, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, has announced a sustainable credit facility with HSBC Bank (“HSBC”) aimed at financing Swvl’s expansion of its pipeline of client contracts in the fourth quarter of 2024. Additionally, the agreement with HSBC establishes a broader strategic collaboration to enhance Swvl’s financial operations as the Company continues its path to sustainable growth.
The agreement with HSBC is a significant milestone that highlights Swvl’s recent achievements in the enterprise mobility market, where the Company has secured major client contracts and developed a robust client pipeline. Swvl believes that collaborating with a prominent financial institution will help drive momentum forward and deliver on growth initiatives.
With this new credit facility, Swvl intends to embark on a broader collaboration with HSBC, whose role extends beyond financing to include the management of consolidated banking operations across the various markets in which Swvl operates, designed to streamline financial processes, enhance cash flow management, and improve overall operational efficiency. As Swvl continues its growth trajectory, HSBC's comprehensive banking solutions will equip the Company to effectively navigate its ambitious growth plans.
"I believe that our collaboration with HSBC is a key milestone in our efforts to optimize financial operations and boost profitable growth," said Mostafa Kandil, CEO of Swvl. "We have opened a sustainable facility with HSBC, and streamlined our banking processes, and we believe we are strengthening our financial stability and readiness to deliver on our growth plans and expansion initiatives.
About Swvl
Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments. Swvl's technology enhances transit system efficiency to deliver 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 its relationship with HSBC, the expected use of the credit line to fund its pipeline of client contracts in the fourth quarter of 2024, that the agreement with HSBC establishes a broader strategic collaboration to enhance its financial operations as it continues its path to sustainable growth and the belief that it is strengthening its financial stability and readiness to deliver on its growth plans and expansion initiatives. 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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