05:47 PM EDT, 09/17/2024 (MT Newswires) -- Swvl Holdings ( SWVL ) said late Tuesday that it signed "multiple" new contracts in Saudi Arabia during Q3 worth $2.6 million in incremental annual contract value.

The new contracts are equivalent to about 10% of full-year sales during 2023. The move aligns with Swvl's ( SWVL ) focus on expanding its footprint in Saudi Arabia, its fastest-growing market.

The company's shares jumped 5% in after-hours activity.

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