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 | ||
1.11 USD | +1.83% | +0.91% | +6.73% |
04-29 | Anghami Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
03-12 | Anghami Signs 3-Year Agreement for Rotana Music Content, Concerts | MT |
Stocks mentioned in the article
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Change
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5d. change
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Capi.
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1.11 USD | +1.83% | +0.91% | 74.03M | ||
0.127 KWD | -0.78% | 0.00% | 1.87B | ||
Chiffre d''affaires - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+6.73% | 74.03M | |
+26.36% | 441B | |
+25.47% | 263B | |
+8.80% | 140B | |
+7.48% | 92.89B | |
+25.85% | 90.53B | |
+56.78% | 58.64B | |
+16.13% | 46.96B | |
+2.85% | 36.7B | |
+20.84% | 36.11B |
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