The Clap
SWVL has opted to postpone listing on the Egyptian and Saudi stock exchanges for the time being.
The Deets
Given the current market conditions, SWVL has decided to push back their potential entry into the Egyptian and Saudi stock exchanges.
SWVL is looking to raise its revenues to around $400 million during 2023. They intend on doing this through increasing the volume of bookings for their trips as well as increasing more profitable trips.
The expansion plans to Latin America and East Asia are to be pushed back to a later date given the global market conditions.
SWVL pushing back entry into EGX and Tadawul 🕐
