Anghami announced that it secured a significant new round of funding, from OSN Group of up to $55 million with a $12 million initial investment in a convertible note program. This funding represents a significant milestone in Anghami journey to redefine digital entertainment in the MENA region, further solidifying its position as the go-to destination for premium audio and video content.
Since the initial strategic partnership between OSN and Anghami in April 2024 – which brought together the unparalleled premium video streaming capabilities of OSN+ and its 18,000 hours of content with Anghami’s audio portfolio of over 100 million songs and podcasts – the partnership has delivered robust growth.
This latest funding aims to accelerate Anghami and OSN+’s growth trajectory, enabling the platforms to expand their content library, enhance user experience, and strengthen their presence across the MENA region. And it is also aimed to drive innovations such as AI-driven personalization and next-generation streaming technologies.
KEY QUOTES:
“The success of this partnership is a testament to the power of collaboration and innovation. With this new investment from OSN Group, we are poised to elevate the digital entertainment experience for MENA audiences even further and expand our reach.”
- Elie Habib, CEO of Anghami and OSN+
“This new round of funding reflects our unwavering belief in Anghami’s potential to lead the MENA region in digital entertainment. Together, we will continue redefining how audiences experience premium content, ensuring our platform remains a pioneer in the industry.”
- Joe Kawkabani, CEO, OSN Group
