Kuwait Projects Company (Holding) K.S.C.P. (the Obligor of Kuwait Projects Company Sukuk Limited), announced that Panther Media Group Ltd. known as "OSN" (KIPCO Group's subsidiary) has signed a conditional binding agreement to combine its streaming platform OSN+ with Anghami Inc. (Listed on Nasdaq) and to inject up to USD 50 million (equivalent to KD 15.4 million) in Anghami Inc. for a majority stake in Anghami Inc. Execution of the transaction is subject to obtaining customary regulatory and anti-trust approvals, with the integration expected to be finalized early 2024.
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
1.13 USD | +1.80% | -6.62% | +8.65% |
Mar. 12 | Anghami Signs 3-Year Agreement for Rotana Music Content, Concerts | MT |
Mar. 12 | Anghami Inc. and Rotana Music Renew Partnership and Expand Scope of Collaborations | CI |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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---|---|---|---|---|---|
1.13 USD | +1.80% | -6.62% | 75.37M | ||
0.13 KWD | +0.78% | -2.99% | 1.9B | ||
Chiffre d''affaires - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+8.65% | 75.37M | |
+20.57% | 414B | |
+15.27% | 242B | |
+20.63% | 104B | |
+17.19% | 83.87B | |
+54.11% | 57.64B | |
+33.59% | 53.37B | |
+6.02% | 37.83B | |
+15.88% | 34.11B | |
-8.32% | 23.18B |
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- News Anghami Inc.
- KIPCO announces a strategic deal between OSN+ and Anghami