Anghami INC Schedule 13D activist filings

OSN Streaming Limited has submitted a non-binding proposal to acquire all outstanding shares of Anghami Inc. not already in its possession for $3.39 per share in cash.

Warner Bros. Discovery and Dplay Entertainment have submitted a non-binding proposal to acquire all outstanding shares of Anghami Inc. for $3.39 per share.

Warner Bros. Discovery and Dplay Entertainment increased their beneficial ownership in Anghami Inc. to 71.3% following the conversion of $55 million in notes and accrued interest into ordinary shares.

OSN Streaming Limited and its affiliates will convert $59.4 million in convertible notes and PIK interest into 2.37 million Anghami shares, increasing their beneficial ownership to 71.27%.

Warner Bros. Discovery's subsidiary, Dplay Entertainment Limited, has completed the first tranche of a strategic investment in OSN Streaming Limited, gaining substantial beneficial ownership and governance rights in Anghami Inc., signaling a long-term partnership in the MENA streaming market.

Key stakeholders in Anghami Inc. have entered into comprehensive option and shareholder agreements, outlining future share transactions, governance structures, and capital arrangements, including a new $23 million convertible note.

OSN Streaming Limited and its affiliates have increased their beneficial ownership in Anghami Inc. to 70.8% of outstanding shares following the election to purchase an additional $23 million convertible note.

A new SEC filing reveals OSN Streaming Holding Limited is selling a significant stake in OSN Streaming Limited, a key holder of Anghami Inc. shares, to DPlay Entertainment Limited, a subsidiary of Discovery Communications, LLC, leading to a complex ownership restructuring and potential future strategic moves for the music streaming company.

OSN Streaming, part of the Kuwait Projects Company (Holding) K.S.C.P group, has increased its beneficial ownership in Anghami Inc. to 70.8% following the issuance of a $20 million convertible note and the option to purchase an additional $23 million in notes.

OSN Streaming Ltd and its affiliates have significantly increased their beneficial ownership in Anghami Inc. to 70.8% through a combination of existing shares, warrants, and new convertible notes, including an upcoming $20 million issuance.