Swvl shares begin trading on the NASDAQ Stock Exchange

Cairo - Eco - Fady Labib : The Egyptian Stock Exchange received the “ Swvl ” team in Egypt, coinciding with the start of trading on the company’s shares on the American Nasdaq Stock Exchange..

in New York, in the presence of Dr. Hala Al-Saeed, Minister of Planning and Economic Development, Ambassador Nabila Makram, Minister of Immigration, and Dr. Jihan Saleh, Economic Adviser to the Chairman of the Board Ministers, as well as representatives of a number of Egyptian startups and investment funds.

Mustafa Kandil, founder and CEO of Swvl, said that the listing on the Nasdaq Stock Exchange represents a milestone for the company and the field of sustainable mass transit globally, stressing that ease of mobility, and the consequent empowerment of different groups of society, is a fundamental right for all and a shared responsibility of governments and the sector private, indicating that the transformation of "Swvl" into a joint-stock company enhances its ability to achieve high growth rates .. More about "Swvl" in wataninet

  

 The founder of “Kandil” stressed that he is proud that “Swvl” launched from Egypt, and was able to break into a number of markets in different continents, stressing that the field of entrepreneurship, innovation and information technology in Egypt is characterized by an abundance of qualified cadres, indicating that the “Swvl” company is in the process of studying the possibility of registration. double sided in the Egyptian Stock Exchange.

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 @The listing of “Swvl” on the “NASDAQ” Stock Exchange, the largest technology index .. opens the appetite of entrepreneurs

 

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@ Mostafa Kandil, CEO of Swvl, at the company's debut on Nasdaq with Oliver Renick at TD Ameritrade Network

 

The ceremony was attended by Ambassador Nabila Makram, Minister of Immigration and Egyptians Abroad Affairs, Dr. Hala Al-Saad, Minister of Planning and Economic Development, Dr. Mohamed Farid, President of the Egyptian Stock Exchange, and Counselor Mohamed Abdel Wahab, CEO of the General Authority for Investment and Free Zones.

@ecofrancais:

A travers la success story d'une startup: La cotation de " Swvl " à la bourse " NASDAQ " .. ouvre l'appétit des entrepreneurs

 Dr. Hala Al-Saeed expressed her happiness to start trading the shares of the first Egyptian company on the NASDAQ Stock Exchange, explaining that it is a historic event in the history of the Egyptian Stock Exchange.

 

 Dr. El-Said said that Egypt has a large number of start-up companies, explaining that the Ministry of Planning and Economic Development contributes to the process of providing an appropriate climate for entrepreneurship and investment in young people in schools and universities through the Rowad 2030 project, noting that entrepreneurship needs a great deal. of innovation.

 The Minister of Planning and Economic Development explained that Egypt has many models of innovative youth who seek to achieve success and ideas outside the box, stressing the state's interest in providing support to these young people and creating the appropriate environment for them to succeed in this field, expressing her wish that there would be more than one Egyptian company registered in the stock exchanges. Globalism.

It is worth noting that the company "Swvl" originated in Egypt in 2017, and launched in Dubai until it reached about 20 countries around the world, where the representative of "NASDAQ" explained that this represents an honorable effort for the work team, and "Swvl" includes a group of Egyptian, Arab, African and European youth , to assure that success is made by those with determination, and that entrepreneurs are able to excel despite any challenges.