Arab Finance: Nasdaq-listed mobility solutions provider Swvl Holdings Corp. has signed a definitive securities purchase agreement for a $13 million private placement led by Houston-based investment firm Coefficient LP, which is backed by the Sawiris family, as per a press release.
Coefficient will invest $10 million in the offering and become Swvl’s largest institutional shareholder once the transaction is completed. An existing shareholder will contribute the remaining $3 million, increasing its investment in the company.
Under the agreement, Swvl will issue over 8.990 million Class A shares at $1.446 per share. The placement was priced at the market under Nasdaq rules and is expected to close on August 27, 2026, subject to customary closing conditions.
Swvl plans to direct the net proceeds toward accelerating its expansion in the US and introducing lending services for transport operators and other partners across its network.
The capital will also strengthen the company’s balance sheet as it pursues a growing pipeline of multi-year contracts with corporate and government clients.
As part of the transaction, Abdalla Ali, co-founder and managing partner of Coefficient, will join Swvl’s board of directors.
