Swvl Holdings Corp. and Bank AlJazira have reached a landmark of more than 100,000 employee‑transportation bookings in Saudi Arabia for the calendar year, underscoring the rapid adoption of Swvl’s mass‑transit platform by corporate clients in the Kingdom.
The milestone reflects the partnership’s success in driving operational scale and sustainability. The bookings, generated throughout 2025, have helped Bank AlJazira staff commute more efficiently and reduced the company’s carbon footprint, aligning with Saudi Arabia’s Vision 2030 goals for digital transformation and environmental stewardship.
Swvl’s focus on enterprise contracts is a core element of its strategic pivot from a consumer‑app model to a B2B mobility provider. The 100,000‑booking achievement is a tangible indicator of the partnership’s contribution to Swvl’s recurring‑revenue stream, which now accounts for 78 % of total revenue. It also supports Swvl’s broader growth narrative in the Gulf Cooperation Council, where the company’s revenue rose 81 % quarter‑over‑quarter in 2025 and the GCC region remains its fastest‑growing and most profitable market.
In its Q3 2025 financial results, Swvl reported revenue of $6.5 million and a net profit of $0.2 million, marking the third consecutive quarter of profitability for the company. While the results demonstrate operational progress, Swvl continues to face financial headwinds, including negative profitability in other segments, high leverage, and a distressed Altman Z‑Score. The 100,000‑booking milestone therefore highlights a key success amid broader financial challenges.
CEO Mostafa Kandil said, “This milestone reflects the impact of strong partnerships built on shared purpose. Together with Bank AlJazira, we are not only moving people efficiently but also contributing to Saudi Arabia’s broader sustainability and digital transformation goals.” The comment underscores the strategic value of the partnership for Swvl’s long‑term growth and its alignment with national policy objectives.
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