Swvl Holdings Corp., a global provider of technology-driven mass transit solutions, is excited to announce the appointment of Mr. Ahmed Misbah as its new Chief Financial Officer, effective immediately.
Mr. Misbah has been a key figure in Swvl’s finance leadership since June 2021, serving in roles such as Group Finance Manager, Head of Finance, and Director of Finance. Throughout his tenure, he has played a crucial role in managing accounting, reporting, cash flow, budgeting, treasury, tax, and compliance across Swvl’s global operations.
Mr. Misbah has played a key role in the company's successful milestones, including the pricing of a $4.7 million private placement and securing sustainable finance with HSBC Bank, as announced by the Company in November 2024. Mr. Misbah has also been a key player in Swvl’s Nasdaq listing via a Special Purpose Acquisition Company transaction and led Swvl’s first phase of the portfolio optimization plan, which turned Swvl and its subsidiaries profitable 18 months ahead of schedule. During the second half of 2024, Mr. Misbah played a vital role in allowing the Company to grow its top line by more than 50% while lowering corporate overheads by over 25%.
Prior to Swvl, Mr. Misbah worked as a Senior Associate at PricewaterhouseCoopers LLC in the United Arab Emirates from 2018 to 2021. He served as Vice President of Strategy & Finance at multiple startups in the Middle East from 2023 to 2024. Mr. Misbah holds a Bachelor’s degree in Accounting from the American University in Cairo.
Mostafa Kandil, Swvl's CEO, stated: “We are thrilled to appoint Ahmed Misbah as our Chief Financial Officer. His deep understanding of our business and his proven track record in accounting and finance makes him ideal for driving our next phase of growth while maintaining financial discipline and supporting our ambitious expansion plans”.
This appointment is in line with Swvl’s strategy to restructure its management team and bolster its financial strength, aiming to speed up reporting processes, improve investor communications, and ensure financial stability in both existing and new markets.