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.
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Other stock markets
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5-day change | 1st Jan Change | ||
1.1 USD | +1.85% | -2.65% | +5.77% |
Apr. 29 | Anghami Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Mar. 12 | Anghami Signs 3-Year Agreement for Rotana Music Content, Concerts | MT |
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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1.1 USD | +1.85% | -2.65% | 73.36M | ||
0.128 KWD | +0.79% | -0.78% | 1.88B | ||
Chiffre d''affaires - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+5.77% | 73.36M | |
+24.11% | 434B | |
+18.99% | 250B | |
+12.44% | 144B | |
+17.31% | 101B | |
+23.22% | 88.78B | |
+57.56% | 58.93B | |
+15.09% | 46.54B | |
+4.39% | 37.25B | |
+20.16% | 35.9B |
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