Solutions Strategic M&A - Giza Systems Acquisition

Macro-Economic Environment Robust economic outlook supportive for the ICT sector in the kingdom Real GDP Growth (%) 3.24% 8.70% Brent Oil Price / Barrel (USD) 77 3.40% 2.60% 51 Government Expenditures % of GDP (%) 40.8% 83 33.2% 83 89 83 26.9% 27.7% 27.7% 2020 2021 2022E 2023E 2024E 2020 2021 2022E 2023E 2024E 2020 2021 2022E 2023E 2024E -4.11% KSA IT Growth (%) Inflation Rate (%) Saudi Unemployment Rate (%) 13.0% 13.5% 13.1% 3.45% 12.0% 11.9% 3.06% 6.5% 6.6% 6.6% 6.9% 2.70% 6.0% 5.8% 5.8% 2.23% 2.03% 2022E 2023E 2024E 2025E 2026E 2020 2021 2022E 2023E 2024E Source: IMF October 2022 and January 2023, and IDC 2022 2021 20201 2Q 3Q 2021 2021 2021 4Q 1Q 2Q 3Q 2022 2022 2022 16/37

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