Swvl secures $13 million investment led by Sawiris-backed Coefficient

Dubai-headquartered mobility company Swvl has secured a $13 million private investment in public equity (PIPE) led by US investment firm Coefficient LP, which is backed by Egypt’s Sawiris family. Coefficient will invest $10 million, becoming Swvl’s largest institutional shareholder upon closing, while an existing Swvl shareholder will invest the remaining $3 million. Coefficient founder and managing partner Abdalla Ali will also join Swvl’s board. Under the agreement, Swvl will