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 | ||
1.06 USD | +0.86% | -2.75% | +1.92% |
29/04 | Anghami Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
12/03 | 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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1.06 USD | +0.86% | -2.75% | 70.7M | ||
0.126 KWD | -0.79% | -0.79% | 1.86B | ||
Chiffre d''affaires - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+1.92% | 70.7M | |
+25.39% | 263B | |
+7.21% | 138B | |
+32.89% | 98.36B | |
+8.11% | 93.44B | |
+58.65% | 59.13B | |
+17.48% | 47.5B | |
+30.27% | 39.41B | |
+0.85% | 35.99B | |
+15.47% | 29.22B |
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