Swvl rises after co announces strategic review process
30/12/2022 22:48
** U.S.-listed shares of Dubai-based transport co Swvl
Holdings Corp SWVL.O up 32.8% at $0.18 after the bell
** Announces formation of a special committee to search for
and assess potential strategic alternatives for co
** Co says has not set a timetable for completion of the
strategic review process
** Says commencing strategic review amid "continuing
uncertainty in the global economic environment and volatility in
capital markets"
** As of last close, SWVL down 98.6% YTD
(Reporting by Vansh Agarwal in Bengaluru)
((Vansh.Agarwal@thomsonreuters.com;))
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