Anghami Board Forms Special Committee to Evaluate OSN Streaming Limited Take-Private Proposal

Anghami Inc. confirmed on Tuesday that it received a preliminary, non-binding proposal from its controlling shareholder, OSN Streaming Limited, to take the company private. In response to the offer, the Anghami board of directors appointed a group of independent directors and established a special committee to evaluate the proposal and oversee the company’s strategic alternatives.

The board of directors formed the special committee to ensure an objective review of the terms presented by OSN Streaming Limited. This committee now holds the authority to negotiate the potential transaction and assess whether the offer aligns with the interests of the company and its shareholders. Anghami officials stated that the proposal remains non-binding, meaning the company has not yet entered into any definitive agreements regarding a change in ownership. The company did not disclose specific financial details or the proposed valuation of the transaction in its initial announcement.

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Date: June 30, 2026

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GOAI