Undervalued Stocks Under $2: SWVL, RDZN, SURG, CISS, DKI – Complete List InsideFollowing Friday’s market close, a select group of Nasdaq-listed stocks trading under $2 is gaining renewed attention across the investment community. As investors scan for undervalued small-cap stocks, Nasdaq penny stocks , and high-upside re-rating candidates , these companies stand out for having real operating businesses, identifiable growth narratives, and near-term catalysts that can drive volume expansion and valuation resets .
Swvl Secures a New Five-Year Contract of Up To $5.5 Million in the UAE, Its Fastest-Growing Market Following ~5x Growth in 2025DUBAI, United Arab Emirates, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), the leading provider of technology-enabled mass mobility solutions, today announced the signing of a new five-year contract (the “Contract”) valued at up to $5.5 million in the United Arab Emirates (“UAE”), further strengthening its position in one of its fastest-growing and high-value markets.
Swvl Launches Operations in Kuwait, Securing a $2.2 Million Contract as Part of Its GCC ExpansionDUBAI, United Arab Emirates, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), the leading provider of technology-enabled mass mobility solutions, today announced the launch of its operations in Kuwait, marking a key milestone in the Company’s regional expansion strategy. The launch is anchored by a $2.2 million multi-year contract, reinforcing Swvl’s growing presence across high-value Gulf Cooperation Council (GCC) markets.
Swvl and Bank AlJazira in Saudi Arabia Mark Over 100,000 Bookings Milestone in 2025, Accelerating Sustainable Mobility Across Saudi ArabiaDUBAI, United Arab Emirates, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl”) (Nasdaq: SWVL), a global provider of tech-enabled mass transit and mobility solutions, today announced a major milestone in its collaboration with Bank AlJazira in Saudi Arabia, surpassing 100,000 bookings since the start of 2025. The achievement underscores the shared commitment of both organizations to redefine daily commuting through technology-driven, sustainable, and efficient transport solutions.
Swvl Received Nasdaq Notification Regarding Minimum Market Value DeficiencyDUBAI, United Arab Emirates, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of tech-enabled mobility solutions, today announced that on October 31, 2025, it received written notice (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) advising the Company that it was not in compliance with Listing Rule 5550(b)(2) requiring companies listed on the Nasdaq Capital Market to maintain a minimum market value of publicly held shares of $35 million (the “MVLS Requirement”), nor it is in compliance with Listing Rules 5550(b)(1) and 5550(b)(2). The Notice has no effect at this time on the listing of the Company's ordinary shares, which continues to trade on The Nasdaq Capital Market under the symbol “SWVL.”
Swvl Egypt Surpasses Prior Peak Revenue, Delivering Major Turnaround with Stronger ProfitabilityDUBAI, United Arab Emirates, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of tech-enabled mass transit solutions, today announced that its Egypt operations surpassed their previous peak revenue levels from 2022 in Egyptian-pound terms in August 2025, with parity in U.S. dollar terms expected soon. Achieved less than two years after a period of restructuring, we believe that this milestone underscores a decisive turnaround featuring a materially stronger bottom line.
Swvl Signs Its First SaaS Contract in the UK, Marking Entry into the European MarketSwvl launches SaaS offering in the United Kingdom, securing its first enterprise contract and signaling the Company’s strategic expansion into Europe
Swvl Secures 3-Year Contract Worth Up to $4 Million with a Large Enterprise in Essential ServicesSwvl secures a 3-year contract worth up to $4 million, which it expects will exceed $5.2 million by contract expiry, which extends a longstanding relationship for a total of six years with this renewal
SWVL Announces $2 Million Private Placement Priced At-the-Market Under Nasdaq RulesDUBAI, United Arab Emirates, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, today announced that investors have exercised their right to purchase additional securities pursuant to the previously executed definitive agreement dated November 17, 2024, to purchase $2 million of pre-funded warrants to purchase ordinary shares in a private placement, at a purchase price of $4.79 per share. The purchasers have agreed to lock up the securities purchased in the offering for a period of 6 months, and also to transfer less than 20 percent of the securities purchased for each 90-day period thereafter in an amount not more than 20 percent of the trading volume on the date of sale.
Swvl Appoints Ahmed Misbah as Chief Financial OfficerDUBAI, United Arab Emirates, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Swvl Holdings Corp. (“Swvl” or the “Company”) (
NASDAQ: SWVL), a global technology-enabled mass transit solutions provider, is pleased to announce the appointment of Mr. Ahmed Misbah as its new Chief Financial Officer, effective immediately.
Swvl to Provide Last-Mile Shuttle Services for SAB Bank Following Riyadh Metro LaunchDUBAI, United Arab Emirates, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading technology provider of enterprise and government mobility solutions, is collaborating with Saudi Awwal Bank (SAB Bank) to launch its last-mile shuttle operations in Riyadh, Saudi Arabia. This initiative builds on the successful launch of the Riyadh Metro and aims to bridge first- and last-mile connectivity gaps, ensuring seamless access for SAB employees to the city's new metro system.
Swvl Launches its Product in the UAE, Securing Four Major Customers in its High-Value Markets PushDUBAI, United Arab Emirates, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a leading technology provider of enterprise and government mobility solutions, proudly announces the relaunch of its product in the United Arab Emirates (UAE). This move aligns with its strategy to expand into regional and global markets. Additionally, Swvl has secured four key customers in the UAE, marking a strong relaunch of its journey in adding value to the mobility ecosystem within the country.
Swvl Secures Sustainable Finance with HSBC to Finance New Client ContractsDUBAI, United Arab Emirates, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, has announced a sustainable credit facility with HSBC Bank (“HSBC”) aimed at financing Swvl’s expansion of its pipeline of client contracts in the fourth quarter of 2024. Additionally, the agreement with HSBC establishes a broader strategic collaboration to enhance Swvl’s financial operations as the Company continues its path to sustainable growth.
Swvl Signs Three Year Contract with G4S in Saudi Arabia to provide SaaS-Based Mobility SolutionsDUBAI, United Arab Emirates, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a leader in technology-driven mobility solutions for enterprises and governments, announces that it has entered into a three-year contract with almajal G4S (“G4S”), a leading facility management provider in the Kingdom of Saudi Arabia. This collaboration will enable Swvl to deliver innovative SaaS-based mobility solutions that boost G4S’s fleet efficiency, driving operational excellence and enhancing service quality across the Kingdom.
Swvl Announces Pricing of $4.7 Million Private Placement Priced At-the-Market Under Nasdaq Rules to Accelerate Expansion in High Value MarketsDUBAI, United Arab Emirates, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, today announced its entry into a definitive agreement with certain investors, including several members of its board of directors, to purchase $4.7 million of ordinary shares (or their equivalent) in a private placement, at a purchase price of $4.79 per share (its closing price on November 15, 2024). The purchasers have agreed to lock up the securities purchased in the offering for a period of 6 months, and also to transfer less than 20 percent of the securities purchased for each 90-day period thereafter in an amount not more than 20 percent of the trading volume on the date of sale.
Swvl Wins $4.2 Million in New Contracts in Egypt Over the Last Three MonthsDUBAI, United Arab Emirates, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, announces that it won new contracts with total value of $4.2 million with key clients in Egypt over the past three months.
Swvl Launches its Regional Headquarters in Riyadh as Part of GCC Growth StrategyDUBAI, United Arab Emirates, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp ("Swvl" or the "Company") (Nasdaq: SWVL), a leading provider of technology-driven mobility solutions for enterprises and governments, is excited to announce the launch of its regional headquarters (RHQ) in Riyadh, Saudi Arabia. This move is a key step in supporting the Company's long-term growth and profitability plans in the Gulf Cooperation Council (GCC) by leveraging the program's benefits and participating in government contract opportunities.
Swvl Secures $2.6 Million in New Annual Contracts in Saudi Arabia during the Third Quarter of 2024DUBAI, United Arab Emirates, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading technology provider for enterprise and government mobility solutions, signed multiple new contracts in Saudi Arabia during the third quarter, contributing $2.6 million in incremental annual contract value, equal to approximately ten percent of Swvl’s 2023 full year revenues. With these latest wins, Swvl’s gross profit in Saudi Arabia grew by six times the amount compared to the first quarter of 2023. This growth aligns with Swvl’s strategic focus on expanding its footprint in Saudi Arabia, its fastest growing market, offering a cutting-edge solution that addresses the transportation needs for both businesses and government entities.
Swvl Secures 5-Year Contract Worth Up to $6.3 million with Telecom Giant, e& EgyptDUBAI, United Arab Emirates, July 09, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading technology provider for enterprise and government mobility solutions, has announced the closing of a 5-year contract with telecom giant e& Egypt, with approximate total value of up to $6.3 million. This represents a milestone in strengthening our footprint in the Egyptian market and solidifying our position as a leader in the mobility industry.
Swvl announces the successful closure of key sales with Holiday Inn and Siemens in Saudi Arabia & Bosch in EgyptDUBAI, United Arab Emirates, May 30, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a technology provider for enterprise and government mobility solutions with a global footprint, announces a successful closure of key sales with Holiday Inn Hotel and Siemens in Saudi Arabia & Bosch in Egypt.
