Core Viewpoint - Premarket trading is showing significant activity with notable price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - Ventyx Biosciences, Inc. (VTYX) increased by 57% to $15.79 [3] - Cardio Diagnostics Holdings, Inc. (CDIO) rose by 36% to $4.02 [3] - Monte Rosa Therapeutics, Inc. (GLUE) saw a 28% increase to $20.54 [3] - Momentus Inc. (MNTS) gained 27% reaching $12.50 [3] - BioAge Labs, Inc. (BIOA) went up by 13% to $17.50 [3] - Neumora Therapeutics, Inc. (NMRA) increased by 11% to $2.03 [3] - Mobileye Global Inc. (MBLY) rose by 10% to $13.45 [3] - Society Pass Incorporated (SOPA) increased by 10% to $3.47 [3] - SU Group Holdings Limited (SUGP) saw an 8% rise to $6.32 [3] - Critical Metals Corp. (CRML) gained 7% reaching $12.73 [3] Premarket Losers - Evolution Metals & Technologies Corp. (EMAT) decreased by 28% to $15.20 [4] - Ascent Solar Technologies, Inc. (ASTI) fell by 12% to $4.65 [4] - Apogee Enterprises, Inc. (APOG) saw a 10% decline to $33.30 [4] - Next Technology Holding Inc. (NXTT) dropped by 8% to $8.49 [4] - AST SpaceMobile, Inc. (ASTS) decreased by 7% to $90.45 [4] - Nomadar Corp. (NOMA) fell by 7% to $3.66 [4] - EZGO Technologies Ltd. (EZGO) decreased by 7% to $1.99 [4] - Cohen & Company Inc. (COHN) saw a 6% decline to $28.30 [4] - PMGC Holdings Inc. (ELAB) dropped by 4% to $5.34 [4] - Anghami Inc. (ANGH) decreased by 3% to $4.49 [4]

Core Viewpoint - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Group 1: Premarket Gainers - SMX (Security Matters) Public Limited Company (SMX) is up 39% at $22.80 [3] - Rubico Inc. (RUBI) has increased by 21% to $1.30 [3] - Aimei Health Technology Co., Ltd (AFJK) is up 19% at $76.80 [3] - Sable Offshore Corp. (SOC) has risen 19% to $10.81 [3] - Diginex Limited (DGNX) is up 18% at $4.95 [3] - Sidus Space, Inc. (SIDU) has increased by 18% to $3.71 [3] - SELLAS Life Sciences Group, Inc. (SLS) is up 16% at $4.40 [3] - Alchemy Investments Acquisition Corp 1 (ALCY) has risen 14% to $16.24 [3] - Greenidge Generation Holdings Inc. (GREE) is up 11% at $1.65 [3] - Enigmatig Limited (EGG) has increased by 5% to $5.52 [3] Group 2: Premarket Losers - Intelligent Bio Solutions Inc. (INBS) is down 11% at $8.48 [4] - ZW Data Action Technologies Inc. (CNET) has decreased by 11% to $1.20 [4] - Nuvve Holding Corp. (NVVE) is down 9% at $2.31 [4] - ESH Acquisition Corp. (ESHA) has fallen 8% to $17.59 [4] - LZ Technology Holdings Limited (LZMH) is down 6% at $1.55 [4] - Oriental Rise Holdings Limited (ORIS) has decreased by 4% to $1.43 [4] - Cango Inc. (CANG) is down 3% at $1.45 [4] - Massimo Group (MAMO) has fallen 2% to $3.90 [4] - Anghami Inc. (ANGH) is down 2% at $3.68 [4] - AIM ImmunoTech Inc. (AIM) has decreased by 2% to $1.10 [4]

Market Overview - U.S. stocks experienced a decline, with the Dow Jones index falling over 100 points, down 0.28% to 48,229.87, NASDAQ slipping 0.26% to 23,359.33, and S&P 500 dropping 0.26% to 6,878.07 [1] - European shares also fell, with the eurozone's STOXX 600 down 0.14%, Spain's IBEX 35 Index down 0.27%, London's FTSE 100 down 0.09%, and France's CAC 40 down 0.23% [6] - Asian markets closed mixed, with Hong Kong's Hang Seng Index down 0.87%, China's Shanghai Composite up 0.09%, and India's BSE Sensex up 0.64% [7] Commodities - In commodity trading, oil increased by 0.1% to $58.02, while gold decreased by 0.8% to $4,351.00. Silver fell 7.3% to $72.255, and copper dropped 1.9% to $5.6710 [5] Company News - Anghami Inc. shares surged 50% to $3.7306 following a year-over-year increase in H1 results [9] - Vanda Pharmaceuticals Inc. saw a 32% increase in shares to $9.28 after receiving FDA approval for NEREUS [9] - Intelligent Bio Solutions Inc. shares rose 102% to $8.27 due to a strategic manufacturing partnership with Syrma Johari MedTech [9] - Corcept Therapeutics Incorporated shares plummeted 52% to $34.04 after receiving a Complete Response Letter from the FDA [9] - FuelCell Energy, Inc. shares fell 10% to $7.18 after filing for an amended common stock offering [9] - SMX Public Limited Company shares dropped 37% to $32.30 [9] Economic Indicators - U.S. initial jobless claims decreased by 16,000 to 199,000, better than market estimates of 220,000 [10] - U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, fell by 1.934 million barrels, marking the largest weekly decline since mid-November, compared to market estimates of a 0.9 million-barrel decrease [10][2]

Core Insights - Anghami Inc. reported a revenue of US$48.4 million for H1 2025, a 97% year-on-year increase, primarily driven by subscription income from the OSN+ integration [3][9] - The paid subscriber base grew by 97% year-on-year to 3.54 million, with total registered users exceeding 120 million across the MENA region [3][9] - The partnership with Warner Bros. Discovery, which includes a US$57 million investment, has reinforced Anghami's content offerings, providing exclusive access to HBO and Max Originals [4][9] Financial Performance - Revenue for the six-month period ended June 30, 2025, reached US$48.4 million, reflecting a 97% increase compared to the previous year [9] - The company incurred a loss of US$37.1 million due to increased investments for subscriber acquisition and integration costs [3] - Management is implementing cost management measures to improve profitability while scaling operations [3][8] Strategic Partnerships - The integration with OSN+ has enhanced user experience, leading to improved app store ratings from 3.8 to 4.6 stars and 99.9% uptime [3] - New distribution partnerships with PlayStation and Noon.com have opened additional customer acquisition channels [5] - A recent collaboration with Talabat is expected to further drive subscriber growth and content distribution [5] Market Position and Outlook - Anghami is positioned to benefit from the growing demand for digital entertainment in the MENA region, with strategic partnerships enhancing its competitive edge [7] - The company anticipates continued topline growth in H2 2025, although profitability may be impacted by ongoing integration investments [8] - Major content launches are planned for early 2026, aimed at strengthening the platform's market differentiation [6]

Core Viewpoint - Anghami Inc. will implement a 1-for-10 reverse stock split to comply with Nasdaq's minimum bid price requirement for continued listing, effective August 4, 2025 [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split was approved by shareholders on July 22, 2025, and will not have a dilutive effect on shareholders [2]. - Every ten issued and outstanding ordinary shares will be combined into one, increasing the par value from $0.0001 to $0.001 per share [3]. - The conversion or exercise prices of all convertible securities and warrants will be proportionately adjusted [3]. Group 2: Shareholder Actions and Adjustments - Continental Stock Transfer and Trust Company will act as the exchange and transfer agent for the reverse stock split [4]. - Shareholders holding shares electronically will not need to take action, while those with shares via banks or brokers will have their positions adjusted automatically [4]. Group 3: Company Overview - Anghami is the leading multi-media streaming platform in the MENA region, offering a wide range of content including music, podcasts, and live entertainment [6]. - The company has over 120 million registered users and 3.5 million paid subscribers, partnering with 47 telcos across MENA [8]. - In April 2024, Anghami partnered with OSN+, enhancing its content library to over 18,000 hours of premium video and 100+ million songs and podcasts [7].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

Core Insights - Anghami Inc. has secured up to $55 million in funding from OSN Group, with an initial investment of $12 million in a convertible note program, marking a significant milestone in its digital entertainment journey in the MENA region [1][2] Group 1: Partnership and Growth - The partnership between OSN and Anghami, initiated in April 2024, has combined OSN+'s premium video streaming capabilities with Anghami's extensive audio portfolio, resulting in a 41% growth in video streaming subscribers from April to October 2024 [2][5] - Enhancements to the OSN+ platform, including the launch of a new 4K Premium Plan with Dolby Atmos and Dolby Vision, have led to increased user engagement and time spent on the platform [2][5] - The investment aims to accelerate growth, expand content libraries, and enhance user experiences through advanced technologies, including AI-driven personalization [2][3] Group 2: Company Overview - Anghami is the leading multimedia technology streaming platform in the MENA region, offering a wide range of premium video, music, podcasts, and live entertainment [4][6] - The company boasts over 120 million registered users and 3.5 million paid subscribers, having partnered with 47 telecommunications companies across MENA to facilitate customer acquisition [6] - Anghami operates in 16 countries within the MENA region, with its headquarters in Abu Dhabi and offices in major cities like Beirut, Dubai, Cairo, and Riyadh [6]

Core Insights - Anghami has reported substantial growth in user engagement and operational achievements, solidifying its status as the leading entertainment platform in the MENA region [1] Performance Metrics and Operational Excellence - The company achieved an 18% increase in Average Revenue Per User (ARPU) on the direct base [2] - Video streaming engagement surged by 28% in total hours watched from January to September 2024 compared to the same period in 2023 [2] - Cost synergies have been realized alongside these performance metrics [2] Strategic Initiatives Driving Growth - Anghami's growth strategy includes technical innovations such as an improved AI recommendation engine, leading to a 20% increase in engagement for new users [3] - The introduction of DolbyVision and DolbyAtmos positions Anghami as a leader in regional streaming technology [3] - A new Apple Vision Pro application was launched in collaboration with Apple, coinciding with its release in the UAE [3] - Expansion of 4K premium payment options through partnerships with major regional telecom operators [3] Game-Changing Value Tier Launch - The launch of a new "Standard with Ads" package aims to democratize access to premium content while maintaining high-quality streaming [4] Content Excellence and Future Programming - Upcoming premium content includes "The Day of the Jackal" premiering on November 15 and "Dune: Prophecy" series launching on November 18 [5] - "The Fashionista" series, OSN+'s first original drama-comedy mini-series, is set to launch in early 2025 [5] Arabic Content Innovation - OSN+ has introduced Arabic dubbing for prestigious series such as "Succession," "Big Little Lies," and "The Undoing," enhancing regional content accessibility [6][7] Music and Cultural Leadership - Anghami is expanding its music offerings with major concerts by Amr Diab scheduled in Cairo, Amman, and Abu Dhabi by April 2025 [8] - Collaboration with Saudi Arabia's Ministry of Culture for a Cultural Talent Tournament aims to discover and develop musical talents [8] - The launch of "Sajjel," the first podcast competition in the Arab world, is in partnership with the Literature, Publishing and Translation Commission [8] Company Overview - Anghami is the leading multi-media streaming platform in the MENA region, with over 120 million registered users and 2.5 million paid subscribers [9] - The company has partnered with 47 telecom operators across MENA and has an extensive library of over 18,000 hours of premium video content [9]

Core Insights - Anghami, a leading multimedia streaming platform in the MENA region, reported an 18.3% growth in its video streaming subscriber base following its transaction with OSN+ [1][2] Subscriber Growth and Premium Adoption - The video streaming user base increased by 18.3% as of the end of July 2024, driven by the premiere of "House of the Dragons" Season 2 [2] - 47% of new subscribers chose the newly launched Premium 4K plan, indicating a strong demand for high-quality content in the MENA market [2] Strategic Initiatives Driving Growth - **Partnerships**: Cross-selling initiatives have expanded reach, including free OSN+ trials for Anghami users with conversion rates exceeding 30%. A partnership with Noon offers OSN+ benefits to Noon One customers, and collaboration with Mobily KSA bundles Anghami Plus and OSN+ in their Postpaid XStream packages [3] - **Content Expansion**: An exclusive multi-year agreement with Warner Bros. Discovery enhances OSN+ with premier Max Originals and Warner Bros films, including notable titles like "The Penguin" and "Dune: Part 2" [3] - **AI-Powered Personalization**: OSN+ has implemented AI algorithms for tailored content recommendations, increasing content diversity consumption by intelligently curating offerings [3] Commitment to Innovation and Growth - Anghami aims to solidify its position as the premier entertainment streaming platform in the MENA region through continuous innovation and growth strategies [4] Company Overview - Anghami is the leading multimedia technology streaming platform in the MENA region, offering a comprehensive ecosystem of premium video, music, podcasts, and more. Since its launch in 2012, it has digitized MENA's music catalog and formed a digital entertainment powerhouse with OSN+ in April 2024 [5] - Anghami boasts over 18,000 hours of premium video content and 100+ million songs and podcasts, with a user base exceeding 120 million registered users and 2.5 million paid subscribers [5]

Subscriber Growth - Premium subscribers grew by 18%, reaching 1.87 million as of March 31, 2024[1] - Anghami's user base exceeds 120 million registered users and 2.5 million paid subscribers[7] Revenue and Financial Performance - Total revenues increased by 8%, primarily driven by a 27% growth in subscription revenue[2] - Gross margin improved from 20% to 26%[1] - Operating loss reduced from $5.4 million to $2.7 million, indicating progress towards profitability[2] - The company anticipates significant revenue growth following the OSN+ transaction[4] Strategic Partnerships and Transactions - Anghami completed a significant transaction with OSN+, receiving a cash investment of $38 million and integrating video streaming services[3] - The company has established partnerships with 47 telcos across MENA, facilitating customer acquisition and subscription payments[7] Marketing and Events - The company executed a successful concert with Amr Diab, generating substantial regional excitement and media buzz[3] - Anghami's core subscription business continues to grow despite challenges, supported by a rapidly expanding advertising and production segment[5]