{"id":563955,"date":"2021-07-29T04:00:21","date_gmt":"2021-07-29T04:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/"},"modified":"2021-07-29T04:00:21","modified_gmt":"2021-07-29T04:00:21","slug":"swvl-spac-deal-dominates-the-foreign-press","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/","title":{"rendered":"Swvl SPAC deal dominates the foreign press"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Swvl is the talk of the international press this morning:<\/strong> The mass transportation app yesterday announced a USD 345 mn agreement with US blank check firm Queen\u2019s Gambit Growth Capital to go public on the Nasdaq: <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2EY2BU\">Reuters<\/a> | <a href=\"https:\/\/news.yahoo.com\/egyptian-ride-sharing-company-swvl-202950515.html\">Tech Crunch<\/a> | <a href=\"https:\/\/www.cnbc.com\/2021\/07\/28\/swvl-a-green-focused-mass-transit-company-is-going-public-via-an-all-female-spac.html\">CNBC<\/a>. Check out our story in yesterday\u2019s EnterprisePM <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bfbf590f-581d-4b49-96b3-3ac733bb7fe3\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swvl is the talk of the international press this morning: The mass transportation app yesterday announced a USD 345 mn agreement with US blank check firm Queen\u2019s Gambit Growth Capital to go public on the Nasdaq: Reuters | Tech Crunch | CNBC. Check out our story in yesterday\u2019s EnterprisePM here.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[72,125,120,439,507],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563955","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-enterpriseam","tag-investment-watch","tag-nasdaq","tag-spacs","tag-swvl","wpautop","entry"],"acf":{"mongo_id":"7c1170d9-90bd-4e52-917d-949b4f7312ad","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[563938],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Swvl SPAC deal dominates the foreign press - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swvl SPAC deal dominates the foreign press\" \/>\n<meta property=\"og:description\" content=\"Swvl is the talk of the international press this morning: The mass transportation app yesterday announced a USD 345 mn agreement with US blank check firm Queen\u2019s Gambit Growth Capital to go public on the Nasdaq: Reuters | Tech Crunch | CNBC. Check out our story in yesterday\u2019s EnterprisePM here.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-29T04:00:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Swvl SPAC deal dominates the foreign press\",\"datePublished\":\"2021-07-29T04:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/\"},\"wordCount\":56,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"Nasdaq\",\"SPACs\",\"Swvl\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/\",\"name\":\"Swvl SPAC deal dominates the foreign press - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-07-29T04:00:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Swvl SPAC deal dominates the foreign press\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Swvl SPAC deal dominates the foreign press - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/","og_locale":"en_US","og_type":"article","og_title":"Swvl SPAC deal dominates the foreign press","og_description":"Swvl is the talk of the international press this morning: The mass transportation app yesterday announced a USD 345 mn agreement with US blank check firm Queen\u2019s Gambit Growth Capital to go public on the Nasdaq: Reuters | Tech Crunch | CNBC. Check out our story in yesterday\u2019s EnterprisePM here.","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-07-29T04:00:21+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Swvl SPAC deal dominates the foreign press","datePublished":"2021-07-29T04:00:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/"},"wordCount":56,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","investment watch","Nasdaq","SPACs","Swvl"],"articleSection":["EGYPT IN THE NEWS"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/","name":"Swvl SPAC deal dominates the foreign press - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-07-29T04:00:21+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/swvl-spac-deal-dominates-the-foreign-press\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Swvl SPAC deal dominates the foreign press"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":695191,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/21\/swvl-is-not-dropping-off-of-nasdaq-just-yet-as-company-turns-to-the-black-in-2025\/","url_meta":{"origin":563955,"position":0},"title":"Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025","author":"enterpriseam admin","date":"21 April 2026","format":false,"excerpt":"The company turned a profit last year, allowing it to meet Nasdaq\u2019s requirements to remain listed on the exchange","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2642.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":656074,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/28\/swvl-secures-sustainable-credit-facility-from-hsbc\/","url_meta":{"origin":563955,"position":1},"title":"Swvl secures sustainable credit facility from HSBC","author":"enterpriseam admin","date":"28 November 2024","format":false,"excerpt":"HSBC will manage Swvl\u2019s banking operations across multiple markets","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2642.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619470,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/swvl-swings-to-profitability-in-2023\/","url_meta":{"origin":563955,"position":2},"title":"Swvl swings to profitability in 2023","author":"enterpriseam admin","date":"2 May 2024","format":false,"excerpt":"The turnaround comes following a tumultuous year where the startup received two delisting warnings from Nasdar","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/83.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545023,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/swvl-to-debut-on-the-nasdaq-today-after-spac-merger-approved\/","url_meta":{"origin":563955,"position":3},"title":"Swvl to debut on the Nasdaq today after SPAC merger approved","author":"enterpriseam admin","date":"31 March 2022","format":false,"excerpt":"Swvl is making its landmark Nasdaq debut today: Shares in Egypt-born, UAE-based mass transit app Swvl will start trading on the Nasdaq today, Swvl CFO Youssef Salem confirmed to Enterprise, after shareholders in its SPAC Queen\u2019s Gambit Growth Capital approved the move in a general assembly meeting yesterday. Swvl is\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/712.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624376,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/careem-reportedly-exits-swvl\/","url_meta":{"origin":563955,"position":4},"title":"Careem reportedly exits Swvl","author":"enterpriseam admin","date":"6 September 2018","format":false,"excerpt":"Careem reportedly exits Swvl: Careem has reportedly exited its stake in mass transit app Swvl, Al Mal claims, citing sources close to the transaction. The exit comes as Careem has begun rolling out its own bus hailing service last month, according to the source, who gave no further detail. Careem\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600823,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/halan-ceo-swvl-co-founders-named-in-high-impact-entrepreneurs-network\/","url_meta":{"origin":563955,"position":5},"title":"Halan CEO, Swvl co-founders named in \u201chigh impact entrepreneurs\u201d network","author":"enterpriseam admin","date":"11 February 2019","format":false,"excerpt":"Halan CEO, Swvl co-founders named in \u201chigh impact entrepreneurs\u201d network: Endeavor Egypt has selected tuk-tuk and motorbike ride-hailing app Halan CEO Mounir Nakhla and co-founders of mass transit app Swvl, Ahmed Sabbah, Mahmoud Nouh, and Mostafa Khalil, to join its network of high impact entrepreneurs, according to a statement (pdf).\u2026","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=563955"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563955\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563938"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563955"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563955"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}