Swvl, LLC announced that it has entered into PIPE subscription agreements for a private placement of 10,000,000 common shares A at a price of $10 per share for gross proceeds of $100,000,000 co-led by global strategic and financial investors including Luxor Capital Group, LP, new investors Agility Public Warehousing Company K.S.C.P., and Zain Ventures on July 28, 2021. The company will issue securities in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act. The transaction is expected to close in the fourth calendar quarter of 2021, subject to customary closing conditions.