Anghami and osn+ successfully complete milestone transaction, creating an entertainment powerhouse

The transaction has received all required regulatory approvals for successful closure osn group's investment in anghami gives it a majority stake at a valuation of $3.69 per share abu dhabi, uae, april 2, 2024 /prnewswire/ -- anghami inc. (nasdaq: angh) ("anghami"), a leading music and entertainment streaming platform, and osn+, a leading video streaming platform for premium content, today announced the successful completion of their landmark transaction after receiving all regulatory approvals. osn group has acquired 55.45% in anghami, giving it a majority stake at a valuation of $3.69 per share, 1.9x the closing price of the stock on thursday 28th of march.
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