Anghami Strengthens Regional Streaming Leadership with up to $55 Million Commitment from OSN Group
, /PRNewswire/ — Building on the success of their partnership, Anghami Inc. (NASDAQ: ANGH) has announced that it secured a significant new round of funding, from OSN Group of up to USD $55 million with a USD $12 million initial investment in a convertible note program. This investment represents a significant milestone in Anghami Inc.’s journey to redefine digital entertainment in the MENA region, further solidifying its position as the go-to destination for premium audio and video content.
Since the initial strategic partnership between OSN and Anghami Inc. in April 2024, which brought together the unparalleled premium video streaming capabilities of OSN+ and its 18,000 hours of content with Anghami’s robust audio portfolio of over 100 million songs and podcasts, the partnership has delivered robust growth.
Highlights include:
- Rebuilt and relaunched the new OSN+ platform, resulting in increased time spent and higher engagement of subscribers
- Launched the new 4K…