The transport provider is merging with publicly-listed Queen's Gambit Growth Capital at a $1.5bn valuation, with Zain and Agility both investing.
Swvl, a United Arab Emirates-headquartered transport booking platform developer backed by ride hailing service Careem and diversified holding company Almajdouie, has agreed to list through a reverse takeover.
The company is merging with Queen’s Gambit Growth Capital, a special purpose acquisition company that floated on the Nasdaq Capital Market in a $300m initial public offering in January this year.
Mobile voice and data services provider Zain, logistics firm Agility and hedge fund manager Luxor Capital Group are among the…
