Brief: Swvl Reports Further Steps In Its Portfolio Optimization Program

Swvl Holdings

25/11/2022 20:16

Nov 25 (Reuters) - Swvl Holdings Corp  SWVL.O :
    * SWVL REPORTS FURTHER STEPS IN ITS PORTFOLIO OPTIMIZATION
PROGRAM
    * SWVL HOLDINGS CORP - REDUCTION IN HEADCOUNT BY OVER 50%
    * SWVL HOLDINGS CORP - REDUCTION IN OPERATING EXPENSES
ACROSS
CENTRAL COSTS AS WELL AS ALL MARKETS.
    * SWVL HOLDINGS CORP - EVALUATION OF STRATEGIC ALTERNATIVES
FOR
SMALLER COUNTRIES OF OPERATIONS WHICH CAN INCLUDE POTENTIAL SALE
    * SWVL HOLDINGS - EVALUATION OF STRATEGIC ALTERNATIVES FOR
SMALLER
COUNTRIES OF OPERATIONS WHICH CAN INCLUDE SCALE BACK OR
DISCONTINUATION OF OPERATIONS
    * SWVL - REDUCTION IN EXPENSES INCLUDE AGGRESSIVE COST
CUTTING IN
DISCRETIONARY SPENDING SUCH AS MARKETING EXPENSES AND OTHER
THIRD-PARTY SERVICES.

Source text for Eikon:  ID:nGNX3JVkK3 
Further company coverage:  SWVL.O 
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