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Anghami Inc. ( (ANGH) ) has provided an announcement.
On February 7, 2025, Anghami Inc. announced the sale of a $20 million senior unsecured convertible note to OSN Streaming Limited, following a previous $12 million note issuance. This strategic financial move allows OSN the potential to invest further, up to an additional $23 million, enhancing Anghami’s financial flexibility for growth and operational purposes. This development could significantly impact Anghami’s market position, offering expanded capital resources to strengthen its competitive edge in the music streaming sector.
More about Anghami Inc.
Anghami Inc. operates in the digital entertainment industry, focusing on music streaming services. The company is known for its comprehensive music catalog and user-friendly platform, catering primarily to markets in the Middle East and North Africa.
YTD Price Performance: -12.00%
Average Trading Volume: 104,027
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $20.92M
See more insights into ANGH stock on TipRanks’ Stock Analysis page.