Swvl Holdings Corp and its subsidiaries

Consolidated financial statements as of December 31 2023

Consolidated financial statements as of December 31 2023

Page(s)

Report of Independent Registered Public Accounting Firm (Grant Thornton Audit

and Accounting Limited, Dubai Branch, (PCAOB ID 3211)

1 - 2

Consolidated statements of financial position

3

Consolidated statements of comprehensive income

4

Consolidated statements of changes in equity

5

Consolidated statements of cash flows

6

Notes to the consolidated financial statements

7 - 96

Swvl Holdings Corp and its subsidiaries

Consolidated statement of financial position - As of 31 December 2023 (All amounts are shown in USD unless otherwise stated)

Note

2023

2022

ASSETS

Non-current assets

Property and equipment

5

751,693

1,270,838

Intangible assets

6

225,776

10,534,278

Right-of-use assets

20.1

484,362

815,646

Sublease receivables

20.2

-

553,029

Deferred tax assets

29.2

9,468,808

18,708,988

10,930,639

31,882,779

Current assets

Trade and other receivables

10

5,327,877

14,815,432

Prepaid expenses and other current assets

11

2,142,194

3,298,377

Sublease receivables

20.2

571,022

648,523

Cash and cash equivalents

12

2,922,755

1,538,347

10,963,848

20,300,679

Assets classified as held for sale

34

1,261

5,279,098

Total assets

21,895,748

57,462,556

EQUITY AND LIABILITIES

EQUITY

Share capital

13

16,979

13,903

Share premium

13

347,295,152

343,435,529

Employee share scheme reserve

14

507,677

773,666

Foreign currency translation reserve

15

(11,466,066)

(4,347,257)

Reserve of disposal groups classified as held for sale

15

2,106,737

(492,474)

Accumulated losses

(329,506,304)

(332,562,780)

Equity attributable to equity holders of the Parent Company

8,954,175

6,820,587

Non-controlling interests

(3,039,317)

(4,191,394)

Total equity

5,914,858

2,629,193

LIABILITIES

Non-current liabilities

Provision for employees' end of service benefits

-

267,751

Derivative warrant liabilities

18.1

106,420

1,317,091

Deferred purchase price

7

-

194,093

Accounts payable, accruals and other payables

19

83,961

-

Lease liabilities

20.3

1,021,716

1,592,111

1,212,097

3,371,046

Current liabilities

Deferred purchase price

7

1,207,682

7,425,488

Accounts payable, accruals and other payables

19

7,829,837

33,418,502

Current tax liabilities

627,068

1,027,404

Due to related party

31

131,523

-

Lease liabilities

20.3

640,695

751,015

10,436,805

42,622,409

Liabilities directly associated with assets classified as held for sale

34

4,331,988

8,839,908

Total liabilities

15,980,890

54,833,363

Total equity and liabilities

21,895,748

57,462,556

The accompanying notes are an integral part of these consolidated financial statements.

(3)

Swvl Holdings Corp and its subsidiaries

Consolidated statement of comprehensive income - For the year ended 31 December 2023 (All amounts are shown in USD unless otherwise stated)

Note

2023

2022

2021

Continuing operations

Revenue

21

22,852,263

44,099,610

25,563,945

Cost of sales

22

(18,741,277)

(43,581,963)

(31,349,979)

Gross income/(loss)

4,110,986

517,647

(5,786,034)

General and administrative expenses

23

(10,226,561)

(62,918,437)

(69,029,507)

Selling and marketing expenses

24

(93,431)

(17,520,448)

(12,190,989)

Provision for expected credit losses

10

(535,340)

(873,442)

(1,101,614)

Other income/(expenses), net

26

18,834,177

548,823

(807)

Operating profit / (loss)

12,089,831

(80,245,857)

(88,108,951)

Finance income

27

97,553

209,434

126,449

Loss on disposal of subsidiaries

34

(8,285,250)

-

-

Change in fair value of financial liabilities

16,18

1,210,671

109,720,648

(44,330,400)

Change in fair value of deferred purchase price

7

727,134

31,844,346

-

Change in fair value of employee share compensation schemes

(1,636,738)

36,155,857

-

Recapitalization cost

35

-

(139,609,424)

-

Impairment of financial assets

8

-

(10,000,880)

-

Impairment of assets

6,34

-

(46,381,441)

-

Finance cost

28

(129,355)

(3,666,643)

(1,494,693)

Profit / (loss) before tax from continuing operations

4,073,846

(101,973,960)

(133,807,595)

Income tax benefit

29.1

41,305

3,225,251

4,718,036

Profit / (loss) for the year from continuing operations

4,115,151

(98,748,709)

(129,089,559)

Discontinued operations

Loss for the year from discontinued operations

34

(1,058,675)

(24,830,739)

(12,399,838)

Profit / (loss) for the year

3,056,476

(123,579,448)

(141,489,397)

Attributable to:

Equity holders of the Parent Company

3,056,476

(116,496,525)

(141,416,132)

Non-controlling interests

-

(7,082,923)

(73,265)

3,056,476

(123,579,448)

(141,489,397)

Profit / (loss) per share attributable to equity holders of the

Parent Company

Basic

30

0.45

(18.28)

(20.92)

Diluted

30

0.28

(18.28)

(20.92)

Profit / (loss) per share attributable to equity holders of the

Parent Company for continuing operations

Basic

30

0.61

(14.61)

(19.10)

Diluted

30

0.37

(14.61)

(19.10)

Other comprehensive income

Items that may be reclassified subsequently to profit or loss:

Exchange differences on translation of foreign operations, net of

tax

15

(5,299,295)

(5,290,594)

(409,511)

Total comprehensive loss for the year

(2,242,819)

(128,870,042)

(141,898,908)

Attributable to:

Equity holders of the Parent Company

(2,242,819)

(121,787,119)

(141,825,643)

Non-controlling interests

-

(7,082,923)

(73,265)

(2,242,819)

(128,870,042)

(141,898,908)

The accompanying notes are an integral part of these consolidated financial statements.

(4)

Swvl Holdings Corp and its subsidiaries

Consolidated statement of changes in equity - As of 31 December 2023

(All amounts are shown in USD unless otherwise stated)

Equity/(deficit)

Reserve for

Foreign

attributable to

Share-based

disposal

currency

equity holders

Non-

Share

Share

compensation

group held

translation

Accumulated

of the Parent

controlling

Total

Note

Capital

Premium

reserve

for sale

reserve

losses

Company

interests

equity/(deficit)

As at January 1, 2021

8,529

88,873,188

3,318,292

-

860,374

(74,650,123)

18,410,260

-

18,410,260

Total comprehensive loss for the year

Loss for the year

-

-

-

-

-

(141,416,132)

(141,416,132)

(73,265)

(141,489,397)

Other comprehensive loss for the year

-

-

-

-

(409,511)

-

(409,511)

-

(409,511)

-

-

-

-

(409,511)

(141,416,132)

(141,825,643)

(73,265)

(141,898,908)

Issuance of shares

-

-

-

-

-

-

-

139,643

139,643

Employee share scheme reserve

-

-

33,611,231

-

-

-

33,611,231

-

33,611,231

-

-

33,611,231

-

-

-

33,611,231

139,643

33,750,874

As at December 31, 2021

8,529

88,873,188

36,929,523

-

450,863

(216,066,255)

(89,804,152)

66,378

(89,737,774)

Total comprehensive loss for the year

Loss for the year

-

-

-

-

-

(116,496,525)

(116,496,525)

(7,082,923)

(123,579,448)

Other comprehensive loss for the year

-

-

-

-

(5,290,594)

-

(5,290,594)

-

(5,290,594)

-

-

-

-

(5,290,594)

(116,496,525)

(121,787,119)

(7,082,923)

(128,870,042)

Issuance of shares

13

1,970

31,887,125

-

-

-

-

31,889,095

-

31,889,095

Issuance of shares to PIPE Investors

13

397

39,663,603

-

-

-

-

39,664,000

-

39,664,000

Issuance of shares to SPAC shareholders

13

1,395

-

-

-

-

-

1,395

-

1,395

Conversion of convertible notes

13

1,612

145,952,505

-

-

-

-

145,954,117

-

145,954,117

Recapitalizations costs

13

-

121,077,329

-

-

-

-

121,077,329

-

121,077,329

Costs attributable to the issuance of shares in

connection with the business combination

13

-

(8,467,766)

-

-

-

-

(8,467,766)

-

(8,467,766)

Fair value of shares earnouts

13

-

(75,550,455)

-

-

-

-

(75,550,455)

-

(75,550,455)

Acquisition of a subsidiary

13

-

-

-

-

-

-

-

2,825,151

2,825,151

Share-based compensation reversal

14

-

-

(36,155,857)

-

-

-

(36,155,857)

-

(36,155,857)

Discontinued operations

34

-

-

-

(492,474)

492,474

-

-

-

-

5,374

254,562,341

(36,155,857)

(492,474)

492,474

-

218,411,858

2,825,151

221,237,009

As at December 31, 2022

13,903

343,435,529

773,666

(492,474)

(4,347,257)

(332,562,780)

6,820,587

(4,191,394)

2,629,193

Total comprehensive loss for the year

Profit for the year

-

-

-

-

-

3,056,476

3,056,476

-

3,056,476

Other comprehensive loss for the year

-

-

-

953,002

(6,252,297)

-

(5,299,295)

-

(5,299,295)

-

-

-

953,002

(6,252,297)

3,056,476

(2,242,819)

-

(2,242,819)

Issuance of shares during the year

3,076

3,859,623

(551,640)

-

-

-

3,311,059

-

3,311,059

Discontinued operations

34

-

-

-

866,512

(866,512)

-

-

-

-

Share-based compensation charge

-

-

285,651

-

-

-

285,651

-

285,651

Disposal of subsidiaries

34

-

-

-

779,697

-

-

779,697

1,152,077

1,931,774

3,076

3,859,623

(265,989)

1,646,209

(866,512)

-

4,376,407

1,152,077

5,528,484

As at December 31, 2023

16,979

347,295,152

507,677

2,106,737

(11,466,066)

(329,506,304)

8,954,175

(3,039,317)

5,914,858

The accompanying notes are an integral part of these consolidated financial statements.

(5)

Swvl Holdings Corp and its subsidiaries

Consolidated statement of cash flows - For the year ended 31 December 2023

(All amounts are shown in USD unless otherwise stated)

Note

2023

2022

2021

Profit / (loss) before tax from continued operations

4,073,846

(101,973,960)

(133,807,595)

Loss before tax from discontinued operations

(1,058,675)

(24,830,739)

(12,399,838)

Profit / (loss) for the year before tax

3,015,171

(126,804,699)

(146,207,433)

Adjustments to reconcile profit before tax to net cash flows:

Depreciation of property and equipment

5

356,288

604,304

182,402

Depreciation of right-of-use assets

20.1

364,116

1,216,495

541,218

Amortization of intangible assets

6

32,375

2,455,243

15,963

Provision for expected credit losses

10

535,340

873,442

1,327,104

Loss from sale of subsidiaries

8,285,250

-

-

Other income

(18,834,177)

-

-

Gain on recognition of sublease receivable

-

(87,026)

-

Sublease income

20.2

(37,706)

(8,340)

-

Provision for employees' end of service benefits, net of reversals

-

(171,447)

704,614

Finance cost

28

12,192

3,466,593

1,400,067

Listing costs

-

139,609,424

-

Change in fair value of deferred purchase price

7

(727,134)

(31,844,346)

-

Change in fair value of financial liabilities

16,18

(1,210,671)

(109,720,648)

44,330,400

Impairment of assets

-

46,381,441

-

Impairment of financial assets

-

10,000,880

-

Employee share-based payments charges / (reversals)

14

285,651

(36,155,857)

33,611,231

(7,923,305)

(100,184,541)

(64,094,434)

Changes in working capital:

Trade and other receivables

3,917,812

(11,489,377)

(4,825,451)

Prepaid expenses and other current assets

995,660

(2,584,987)

(868,620)

Accounts payable, accruals and other payables

(6,471,125)

(3,571,712)

8,259,002

Current tax liabilities

244,206

793,105

(635,821)

Due to related parties

131,523

-

36,091

(9,105,229)

(117,037,512)

(62,129,233)

Payment of employees' end of service benefits

-

(635,314)

(5,507)

Net cash flows used in operating activities

(9,105,229)

(117,672,826)

(62,134,740)

Cash flows from an investing activity

Purchase of property and equipment

5

(17,237)

(817,586)

(319,471)

Proceeds from disposal of subsidiaries

8,400,000

-

-

Purchase of financial assets

8

-

-

(10,000,880)

Payment for acquisition of subsidiary, net of cash acquired

7

-

(743,292)

(823,446)

Sublease rentals received

20.2

668,236

138,410

-

Purchase of financial assets

-

(5,000,010)

-

Purchase of intangible assets

6

(258,151)

(1,666,934)

(2,222)

Net cash flows generated from / (used in) investing activities

8,792,848

(8,089,412)

(11,146,019)

Cash flows from financing activities

Proceeds from issuance of share capital

789,462

60,787,038

-

Proceeds from issuance of convertible notes

-

26,336,000

73,206,415

Proceeds from PIPE subscription

-

39,664,000

-

Payments of external loan

-

(134,830)

-

Repayment of loan from related party

-

(195,270)

-

Finance cost paid

-

(543,432)

(2,653)

Finance lease liabilities paid, net of accretion

20.3

(445,571)

(850,773)

(482,389)

Net cash flows generated from financing activities

343,891

125,062,733

72,721,373

Net increase / (decrease) in cash and cash equivalents

31,510

(699,505)

(559,386)

Cash and cash equivalents at the beginning of the year

2,696,276

9,529,723

10,348,732

Effects of exchange rate changes on cash and cash equivalents

196,230

(6,133,942)

(259,623)

Cash and cash equivalents at the end of the year

12

2,924,016

2,696,276

9,529,723

Non-cash financing and investing activities:

Settlement of deferred purchase price

5,377,829

-

-

Issuance of shares during the year

3,073,237

3,432,493

-

Fair value of shares earnouts

-

(75,550,455)

-

Acquisitions of non-controlling interests

-

(3,036,641)

-

Costs attributable to the issuance of shares

-

8,467,766

-

Conversion of convertible notes

-

145,952,505

-

Property and equipment additions through acquisition of business

-

(586,452)

-

Intangible assets additions through acquisition of business

-

(20,580,000)

-

The accompanying notes are an integral part of these consolidated financial statements.

(6)

Swvl Holdings Corp and its subsidiaries

Notes to the consolidated financial statements as of 31 December 2023

1 Establishment and operations

Swvl Holdings Corp (the "Parent Company") (formerly known as "Pivotal Holdings Corp") is a business company limited by shares incorporated under the laws of the British Virgin Islands and was registered on 23 July 2021. The registered office of the Company is at P.O. Box 173, Kingston Chambers, Road Town, Tortola, the British Virgin Islands.

The consolidated financial statements as at 31 December 2023 consist of the Parent Company and its subsidiaries (together referred to as the "Group"). The Group's principal head office is located in The Offices 4, One Central, Dubai World Trade Centre, Street 1, Dubai, United Arab Emirates.

Swvl Inc. was founded on 17 May 2017. Swvl Holdings Corp was incorporated as a direct wholly- owned subsidiary of Swvl Inc. As a result of various legal entity reorganization transactions undertaken in March 2022, Swvl Holdings Corp became the holding company of the Group, and the then-stockholders of Swvl Inc. became the stockholders of Swvl Holdings Corp. Swvl Inc. is the predecessor of Swvl Holdings Corp for financial reporting purposes.

The Group operates multimodal transportation networks that offer access to transportation options through the Group's platform and mobile-based application. The Group also licenses its technology to transport operators to manage their service. The Group operates a technology platform that uses a widespread transportation network. The Group uses leading technology, operational excellence and product expertise to operate transportation services on predetermined routes. The Group develops and operates proprietary technology applications supporting a variety of offerings on its platform ("platform(s)" or "Platform(s)"). The Group provides transportation services through contracting with other service providers (or transportation operators). Riders are collectively referred to as "end-user(s)" or "consumer(s)". The drivers are referred to as "captain(s)".

1.1 Reverse recapitalization

On 28 July 2021, the Parent Company and Queen's Gambit Growth Capital, a Cayman Islands exempted company with limited liability (the "SPAC") listed on the Nasdaq Capital Market ("NASDAQ"), and certain other parties have entered into a definitive agreement for a business combination that would result in the Group becoming a publicly listed company upon completion of the aforementioned transaction.

On March 31, 2022 (the "Closing Date"), the Parent Company consummated the transactions contemplated by the Business Combination Agreement (the "Business Combination Agreement"), dated as of July 28, 2021, as amended, between Swvl Inc., Queen's Gambit Growth Capital and other merger companies.

As a result of the mergers and the other transactions (the "Transaction") contemplated by the Business Combination Agreement, the merged Queen's Gambit Surviving Company and Swvl Inc. each became wholly owned subsidiaries of the Parent Company, and the securityholders of the SPAC and Swvl Inc. became securityholders of the Parent Company.

(7)

Swvl Holdings Corp and its subsidiaries

Notes to the consolidated financial statements as of 31 December 2023 (continued)

1 Establishment and operations (continued)

1.1 Reverse recapitalization (continued)

The Parent Company's Second Amended and Restated Memorandum and Articles of Association authorizes the issuance of up to 555,000,000 shares, consisting of (a) 500,000,000 Class A Ordinary Shares and (b) 55,000,000 preferred shares. All outstanding Class A Ordinary Shares are fully paid and non-assessable. To the extent they are issued, certificates representing Class A Ordinary Shares are issued in registered form. All options, regardless of grant dates, will entitle holders to an equivalent number of Class A Ordinary Shares once the vesting and exercising conditions are met.

Subsequent to the closing of the Transaction, there were 118,496,102 Class A Ordinary Shares with par value of $0.0001 per share that were outstanding and issued. There were also 17,433,333 Warrants outstanding, at the closing of the Transaction, each exercisable at $11.50 per one Class A Ordinary Share, of which 11,500,000 are public warrants ("Public Warrants") listed on NASDAQ and 5,933,333 private placement warrants ("Private Warrants") held by the Sponsor.

Pursuant to the terms of the Business Combination Agreement, at the Closing Date, among other things, each shareholder of Swvl Inc.'s outstanding a) Common Shares A, b) Common Shares B and

  1. Class A, B, C, D and D-1 preferred shares received approximately 1,510 ("Conversion Ratio") shares of the Parent Company's common shares A and the contingent right to receive certain Earnout Shares (Note 13), for each share of the Company's common shares, par value $0.0001 per share in exchange of original shares. The conversion ratio was calculated by dividing the total number of shares to be allocated to the pre-Business Combination shareholders (which was obtained by dividing the valuation by $10 SPAC share price) by the number of shares outstanding pre-Business Combination. Owing to the nature of the transaction, the comparative figures have been recast.

Concurrently at the Closing Date, each outstanding and unexercised option (vested or not) to purchase Swvl Inc.'s Common Shares, was converted to an option to purchase approximately 1,510 of the Parent Company's common Shares A and the contingent right to receive certain Earnout restricted Stock Units ("Earnout RSUs") at an exercise price per option equal to (x) the exercise price per option divided by (y) the exchange ratio.

Considering the facts of the Business Combination Agreement, it was assumed that the quoted price of the Company's Common Shares A inherently considers the impact of the contingently issuable Earnout Shares, and it was part of an equity transaction between parties to the Transaction.

In addition, pursuant to the terms of the Business Combination Agreement, at the Closing Date, each outstanding Queen's Gambit Warrant was automatically assumed and converted into a new Warrant to acquire new Swvl's Common Share A, subject to the same terms and conditions (including exercisability terms) as were applicable to the corresponding former Queen's Gambit Warrants.

In connection with the consummated Business Combination Agreement, certain investors ("PIPE Investors") completed a private placement of 12,188,711 Common Shares A of the Parent Company for an aggregate purchase price of $111.5 million, of which $71.8 million were automatically exchanged to shares representing exchangeable notes issued by Swvl Inc. to certain PIPE investors prior to the consummated Merger.

(8)

Swvl Holdings Corp and its subsidiaries

Notes to the consolidated financial statements as of 31 December 2023 (continued)

1 Establishment and operations (continued)

1.1 Reverse recapitalization (continued)

Pursuant to the Business Combination Agreement, the SPAC does not meet the definition of a business under the guidance of IFRS 3, hence the Transaction was accounted for as a recapitalization in accordance with IFRS 2. Under this method of accounting, Queen's Gambit Growth Company is treated as the acquired company and Swvl Inc. is treated as the acquirer for financial statement reporting purposes. Swvl Inc. has been determined to be the accounting acquirer based on evaluation of the facts and circumstances of the business combination.

The following table summarizes the proceeds raised and issuance costs incurred related to the Business Combination on 30 March 2022:

Number of

shares

USD

Public shares outstanding

34,500,000

345,000,000

Shares redeemed

(29,175,999)

(291,759,990)

Shares issued to SPAC public investors (Note 35)

5,324,001

53,240,010

Shares converted for SPAC founders (Note 35)

8,625,000

-

13,949,001

53,240,010

Cash from reverse recapitalization

53,240,010

SPAC reverse recapitalization professional fees

(20,906,209)

Net proceeds from reverse recapitalization

32,333,801

The business combination agreement was an extraordinary transaction that took place in 2022 as part of the SPAC and listing procedures, there was no any similar transactions or impact of this transaction incurred in the financial period ending as of 31 December 2023.

1.2 Consolidated subsidiaries

Subsidiaries are all entities over which the Group has control. The Group controls an entity when the Group is exposed, or has right to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases.

As of 31 December 2023, the Group still maintained control for all subsidiaries, however, certain subsidiaries were decided to be held for sale or to be discontinued, subsidiaries listed below will be presented with the same alignment.

(9)

Swvl Holdings Corp and its subsidiaries

Notes to the consolidated financial statements as of 31 December 2023 (continued)

1 Establishment and operations (continued)

1.2 Consolidated subsidiaries (continued)

  1. Continued operations

Country of

Legal ownership %

Principal

Company name

incorporation

31-Dec-23

31-Dec-22

business activities

Swvl Inc.

British Virgin Islands

100%

100%

Holding company

Pivotal Merger Sub Company I

Cayman Islands

100%

100%

Merger entity

Headquarters and

Swvl Global FZE

UAE

100%

100%

management activities

Swvl for Smart Transport Applications and

Services LLC

Egypt

99.80%

99.80%

Providing a technology

Swvl Technologies FZE

UAE

100%

100%

platform to enable

Kingdom of Saudi

passenger transportation

Swvl Saudi for Information Technology

Arabia

100%

100%

  1. Discontinued operations

Legal ownership %

Country of

Principal

Company name

incorporation

31-Dec-23

31-Dec-22

business activities

Swvl Pakistan (Private) Ltd.

Pakistan

-

99.99%

Swvl NBO Limited

Kenya

100%

100%

Providing a technology

Swvl Technologies Ltd.

Kenya

100%

100%

platform to enable

Smart Way Transportation LLC (i)

Jordan

-

-

passenger transportation

Swvl My For Information Technology SDN BHD

Malaysia

100%

100%

Shotl Transportation, S.L.

Spain

-

55%

Viapool Inc. (ii), a direct subsidiary of Swvl Global

Holding company

FZE

Delaware, USA

51%

51%

Movilidad Digital SAS (ii), a subsidiary of Viapool,

Inc.

Argentina

51%

51%

Providing a technology

Viapool SRL (ii), a subsidiary of Viapool, Inc.

Argentina

51%

51%

platform to enable

Viapool SPA (ii), a subsidiary of Viapool, Inc.

Chile

51%

51%

passenger transportation

Swvl Brasil Tecnologia LTDA (ii), a subsidiary of

Viapool, Inc.

Brazil

51%

51%

Swvl Germany GmbH (formerly "Blitz B22-203

GmbH") (iii), a direct subsidiary of Swvl Inc.

Germany

100%

100%

Holding company

Providing a technology

Door2Door GmbH (iii), a subsidiary of Swvl

platform to enable

Germany GmbH

Germany

100%

100%

passenger transportation

Volt Lines B.V. (iv), a direct subsidiary of Swvl

Holding company

Global FZE.

Netherlands

-

100%

Volt Lines Akilli Ulasim Teknolojileri ve

Providing a technology

Tasimacilik AS (iv), a subsidiary of Volt Lines B.V.

Turkey

-

100%

platform to enable

Volt Lines MENA limited (iv), a subsidiary of Volt

passenger transportation

Lines B.V.

UAE

-

100%

Urbvan mobility ltd., a direct subsidiary of Swvl

Global FZE.

Cayman entity

-

100%

Holding company

Urbvan intermediate holdings, llc, a subsidiary of

Urbvan mobility ltd.

Delaware, USA

-

100%

Commute technologies s.a.p.i. de c.v., a subsidiary

of Urbvan mobility ltd.

Mexico

-

100%

Urbvan commute operations s.a.p.i. de c.v., a

subsidiary of Urbvan mobility ltd.

Mexico

-

100%

Providing a technology

Ops transit mobility, s.a. de c.v., a subsidiary of

platform to enable

Urbvan mobility ltd.

Mexico

-

100%

passenger transportation

ID vans, s.a.p.i. de c.v., a subsidiary of Urbvan

mobility ltd.

Mexico

-

100%

Admin mobility, s.a. de c.v., a subsidiary of Urbvan

mobility ltd.

Mexico

-

100%

(10)

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Swvl Holdings Corporation published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 April 2024 16:53:07 UTC.