Anghami SPAC Presentation Deck

THE MIDDLE EAST IS A FOCUS FOR M&A AS U.S. UNICORNS SEEK TO BUY NOT BUILD Careem UBER March 2019 • Careem was the "Uber" of the Middle East. It was first, incumbent, and had greater scale • Uber purchased Careem for $4.18bn. The first unicorn exit and the largest buyout in the region • Founded in Dubai in 2012 • Present across Middle East, North Africa, Pakistan and Turkey - operating in 98 cities Post buyout, Uber retained the brand Careem and continues to operate independently 66 [Careem's] success depends on incorporating local norms and needs." Careem's business was very localised, deeply embedded, and more locally innovative ¹Fastcompany.com 2CMSwire.com 99 amazon SOUQ.com March 2017 Souq was the Amazon of the Middle East • "Amazon" purchased Souq for $580mn in a landmark transaction for the region • Founded in 2005 in Dubai out of the online portal Maktoob 66 12 • Focus was on creating a local language solution for e-commerce including marketplace, fulfilment and payments "Amazon" clearly acquired the business that qualified as its closest counterpart in the region.² 99 Souq was solving problems unique to the region their head start, access to data, and local expertise led Amazon to buy Souq

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