Sector: Communications Services, NEC
ANGHAMI CONFIRMS RECEIPT OF PRELIMINARY, NON-BINDING GOING-PRIVATE PROPOSAL FROM CONTROLLING SHAREHOLDER, OSN STREAMING LIMITED; ANNOUNCES APPOINTMENT OF INDEPENDENT DIRECTORS AND FORMATION OF SPECIAL COMMITTEE
Anghami confirmed receipt of a preliminary, non-binding going-private proposal from controlling shareholder OSN Streaming Limited to acquire all remaining outstanding ordinary shares at $3.39 in cash per share. OSN currently owns approximately 67% of the company and indicated it expects to fund the acquisition with equity from its shareholders without a financing condition. In response, the Board appointed three independent directors—Nathan Scott Fine, Guergui Saykov Stoyanov, and Chiara Marcati—and formed a special committee to evaluate and negotiate the proposal on behalf of non-affiliated shareholders.
ANGHAMI REPORTS FY2025 REVENUE OF $99.3M, UP 27%, ON 3.5M SUBSCRIBERS AND LANDMARK STRATEGIC PARTNERSHIPS
Anghami reported FY2025 revenue of $99.3 million, up 27% year-over-year, driven by subscriber growth and the first full-year consolidation of OSN+. Paid subscribers exceeded 3.5 million while registered users crossed 130 million, supported by new strategic bundles and partnerships. Warner Bros. Discovery closed a $57 million minority investment in OSN Streaming Limited, expanding content collaboration and regional original production.
