Dubai’s Swvl begins trading on Nasdaq – The National

Dubai’s Swvl begins trading on Nasdaq – The National

Swvl — the Cairo-born, Dubai-based mass transit and shared mobility services provider valued at $1.5 billion — began trading on the Nasdaq in the US on Thursday.

Swvl co-founder and chief executive Mostafa Kandil rang the opening bell at the Nasdaq MarketSite in New York City's Times Square to mark the occasion.

“It was quite incredible,” Youssef Salem, Swvl’s chief financial officer, told The National. “Everyone was just so incredibly excited.”