Swvl Signs Three Year Contract with G4S in Saudi Arabia to provide SaaS-Based Mobility Solutions
Swvl Holdings Corp (Nasdaq: SWVL) has secured a three-year contract with almajal G4S in Saudi Arabia to provide SaaS-based mobility solutions. The agreement covers operations in Riyadh, Jeddah, and Dammam, managing over 14,000 monthly trips. Swvl will deliver a comprehensive SaaS platform designed to enhance G4S's fleet efficiency through route optimization, real-time tracking, and advanced analytics. The solution aims to streamline fleet management operations and achieve significant cost reductions for G4S, providing tools for fleet operators, captains, and riders.
Swvl Holdings Corp (Nasdaq: SWVL) ha stretto un contratto triennale con almajal G4S in Arabia Saudita per fornire soluzioni di mobilità basate su SaaS. L'accordo riguarda le operazioni in Riyad, Jeddah e Dammam, gestendo oltre 14.000 viaggi mensili. Swvl fornirà una piattaforma SaaS completa progettata per migliorare l'efficienza della flotta di G4S attraverso l'ottimizzazione dei percorsi, il monitoraggio in tempo reale e analisi avanzate. La soluzione mira a semplificare le operazioni di gestione della flotta e a ottenere significative riduzioni dei costi per G4S, fornendo strumenti per gli operatori della flotta, i capitani e i passeggeri.
Swvl Holdings Corp (Nasdaq: SWVL) ha asegurado un contrato de tres años con almajal G4S en Arabia Saudita para proporcionar soluciones de movilidad basadas en SaaS. El acuerdo cubre operaciones en Riad, Jeddah y Dammam, gestionando más de 14,000 viajes mensuales. Swvl entregará una plataforma SaaS integral diseñada para mejorar la eficiencia de la flota de G4S a través de la optimización de rutas, el seguimiento en tiempo real y análisis avanzados. La solución tiene como objetivo agilizar las operaciones de gestión de la flota y lograr reducciones de costos significativas para G4S, proporcionando herramientas para los operadores de flota, capitanes y pasajeros.
Swvl Holdings Corp (Nasdaq: SWVL)는 사우디 아라비아의 almajal G4S와 3년 계약을 체결하고 SaaS 기반의 이동성 솔루션을 제공하게 됩니다. 이 계약은 리야드, 제다, 다마므에서의 운영을 다루며, 매월 14,000회의 여행을 관리합니다. Swvl은 G4S의 차량 효율성을 향상시키기 위해 경로 최적화, 실시간 추적, 고급 분석 기능을 갖춘 종합 SaaS 플랫폼을 제공할 것입니다. 이 솔루션은 차량 관리 운영을 간소화하고 G4S의 비용 절감을 달성하는 것을 목표로 하며, 차량 운영자, 선장 및 승객을 위한 도구를 제공합니다.
Swvl Holdings Corp (Nasdaq: SWVL) a signé un contrat de trois ans avec almajal G4S en Arabie Saoudite pour fournir des solutions de mobilité basées sur le SaaS. L'accord concerne les opérations à Riyad, Jeddah et Dammam, gérant plus de 14 000 trajets mensuels. Swvl livrera une plateforme SaaS complète conçue pour améliorer l'efficacité de la flotte de G4S grâce à l'optimisation des itinéraires, au suivi en temps réel et à des analyses avancées. La solution vise à rationaliser les opérations de gestion de la flotte et à réaliser des économies significatives pour G4S, en fournissant des outils aux opérateurs de flotte, capitaines et passagers.
Swvl Holdings Corp (Nasdaq: SWVL) hat einen Drei-Jahres-Vertrag mit almajal G4S in Saudi-Arabien gesichert, um SaaS-basierte Mobilitätslösungen bereitzustellen. Die Vereinbarung umfasst die Aktivitäten in Riad, Dschidda und Dammam und verwaltet über 14.000 monatliche Fahrten. Swvl wird eine umfassende SaaS-Plattform bereitstellen, die darauf ausgelegt ist, die Effizienz der G4S-Flotte durch Routenoptimierung, Echtzeitverfolgung und fortschrittliche Analytik zu verbessern. Die Lösung zielt darauf ab, die Flottenmanagementoperationen zu optimieren und signifikante Kostensenkungen für G4S zu erzielen, indem sie Werkzeuge für Flottenbetreiber, Kapitäne und Fahrgäste bereitstellt.
- Secured three-year contract with major facility management provider G4S
- Large-scale implementation covering 14,000+ monthly trips across multiple Saudi cities
- Potential for recurring revenue through SaaS-based solution
- None.
Insights
This contract marks a significant strategic expansion for Swvl in the lucrative Saudi Arabian market, where mobility and transportation solutions are in high demand. The deal with G4S, involving 14,000 monthly trips across major cities, represents a stable revenue stream through SaaS licensing. The three-year commitment provides predictable income and strengthens Swvl's enterprise B2B portfolio.
The partnership targets operational efficiency improvements through route optimization and real-time tracking, which should translate to cost savings for G4S and recurring revenue for Swvl. For a company with a market cap of just
DUBAI, United Arab Emirates, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a leader in technology-driven mobility solutions for enterprises and governments, announces that it has entered into a three-year contract with almajal G4S (“G4S”), a leading facility management provider in the Kingdom of Saudi Arabia. This collaboration will enable Swvl to deliver innovative SaaS-based mobility solutions that boost G4S’s fleet efficiency, driving operational excellence and enhancing service quality across the Kingdom.
The scope of this agreement covers operations across multiple cities in the Kingdom of Saudi Arabia, including Riyadh, Jeddah, and Dammam, with over 14,000 trips performed monthly. It aims to enhance fleet operations by creating and optimizing routes, tracking the fleet in real time, and providing advanced analytics on fleet performance, which would drive greater efficiency and deliver significant cost reductions to G4S.
Under the terms of the agreement, Swvl will provide G4S a SaaS platform designed for enterprises that own and operate fleets. The Swvl Mobility Platform offers a complete suite of products to streamline fleet management, ensuring fleet operators, captains, and riders have the necessary tools for seamless operations and an improved transportation experience.
Mostafa Kandil, Chief Executive Officer of Swvl, shared his excitement about the collaboration, stating, “We’re excited to partner with G4S on this journey. This is an important step for Swvl as we expand our SaaS offering and help businesses unlock the full potential of their fleet operations.”
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.
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 aims of its agreement with G4S to enhance fleet operations by creating and optimizing routes, tracking the fleet in real time, and providing advanced analytics on fleet performance, which would drive greater efficiency and deliver significant cost reductions to G4S; and that Swvl’s collaboration with G4S will enable Swvl to deliver innovative SaaS-based mobility solutions that boost G4S’s fleet efficiency, driving operational excellence and enhancing service quality across the Kingdom of Saudi Arabia. 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
What is the duration of Swvl's contract with G4S in Saudi Arabia?
How many trips will Swvl's platform manage monthly for G4S in Saudi Arabia?
Which Saudi Arabian cities are covered in the Swvl-G4S agreement?
What type of solutions will Swvl (SWVL) provide to G4S?
