Anghami Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $34.1M
- Price
- $3.52
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.68%
- Volume
- 26.8K
About
Anghami Inc. runs a digital music entertainment platform, primarily serving audiences across the Middle East and North Africa. Its service provides users with access to both Arabic and international music, available for streaming and download through its dedicated application and online system. The company was established in 2012 and maintains its primary base of operations in Abu Dhabi, United Arab Emirates.
Quick stats
Shares outstanding9.1M
Computed float2.0M
Float / shares22.0%
Key info
SectorCommunication Services
IndustryEntertainment
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001871983
Websitehttps://www.anghami.com
AI Summary
AI-generated1/3
criticalbullishm and a
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.
Red flags
- Controlling shareholder going-private proposal presents minority squeeze-out risk
- Preliminary, non-binding proposal with no assurance of definitive offer or transaction completion