On August 21, 2023, Anghami Inc., closed the transaction. The investor has the option to purchase up to $5,000,000 in additional principal amount of convertible notes to increase the principal amount to a maximum of $10 million in aggregate within 12 months after the issuance of the convertible note. The company has received $5,000,000 pursuant to Regulation D and included participation from a single investor.

The minimum investment from an outsider through Regulation D is $5,000,000.