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Anghami Inc. ( (ANGH) ) has shared an update.
On July 16, 2025, Anghami Inc. announced plans to hold an extraordinary general meeting on July 22, 2025, to vote on a proposed reverse stock split at a ratio of 1-for-10. This move aims to restore compliance with Nasdaq’s minimum bid price requirement of $1.00 per share, ensuring the company’s continued listing on the Nasdaq Capital Market. The majority shareholder, OSN+, is expected to vote in favor of the proposal, which is seen as beneficial for the company and its stakeholders.
Spark’s Take on ANGH Stock
According to Spark, TipRanks’ AI Analyst, ANGH is a Underperform.
Anghami Inc.’s overall stock score is significantly impacted by its financial performance and valuation. Despite revenue growth, ongoing losses, negative cash flows, and a negative P/E ratio are major concerns. Technical indicators also reflect a bearish trend, contributing to the low score.
To see Spark’s full report on ANGH stock, click here.
More about Anghami Inc.
Anghami Inc. is a company operating in the digital music streaming industry. It provides a platform for users to stream music and other audio content, primarily focusing on markets in the Middle East and North Africa.
Average Trading Volume: 18,781
Technical Sentiment Signal: Sell
Current Market Cap: $35.77M
Find detailed analytics on ANGH stock on TipRanks’ Stock Analysis page.