Anghami (ANGH)
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Anghami Announces 1-for-10 Reverse Stock Split
Prnewswire· 2025-07-29 14:45
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].
Anghami (ANGH) - 2024 Q4 - Annual Report
2025-04-30 21:11
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 ...
Anghami Secures Significant Investment from OSN Group
Prnewswire· 2024-12-16 14:01
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]
Anghami Delivers Strong Growth Across Video and Music Service in 2024 with 28% growth in streaming engagement
Prnewswire· 2024-11-14 13:13
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]
Anghami Reports 18.3% Subscriber Growth and Strategic Milestones Following OSN+ Transaction
Prnewswire· 2024-09-04 11:13
ABU DHABI, UAE, Sept. 4, 2024 /PRNewswire/ -- Anghami (NASDAQ: ANGH), the leading multi-media streaming platform in the MENA region, announced a 18.3% growth in its video streaming subscriber base and significant strategic developments following its recent transaction with OSN+.Substantial Subscriber Growth and Premium AdoptionSince the transaction, Anghami's video streaming user base grew by 18.3% as of the end of July 2024, with the recent premiere of "House of the Dragons" Season 2 serving as a key catal ...
Anghami (ANGH) - 2023 Q4 - Annual Report
2024-04-29 20:30
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]
Anghami (ANGH) - 2023 Q4 - Annual Report
2024-04-29 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, par value $0.0001 per share ANGH The Nasdaq Stock Market LLC Warrants exercisable to purchase Ordinary Shares ANGHW The Nasdaq Stock Market LLC 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 ...
Anghami and OSN+ Successfully Complete Milestone Transaction, Creating an Entertainment Powerhouse
Prnewswire· 2024-04-02 06:30
The transaction has received all required regulatory approvals for successful closure OSN Group's investment in Anghami gives it a majority stake at a valuation of $3.69 per shareABU DHABI, UAE, April 2, 2024 /PRNewswire/ -- Anghami Inc. (NASDAQ: ANGH) ("Anghami"), a leading music and entertainment streaming platform, and OSN+, a leading video streaming platform for premium content, today announced the successful completion of their landmark transaction after receiving all regulatory approvals. Anghami a ...
Anghami and Rotana Renew Partnership and Expand Scope of Collaborations
Businesswire· 2024-03-12 13:53
Left to right: Kamil Abi Khalil (Head of Production at Anghami), Ahmed Al Rasheed (KSA Manager at Anghami), Salem al-Hindi (CEO of Rotana Music), Eddy Maroun (Co-Founder & CEO of Anghami), and Firas Khashman ( Deputy CEO at Rotana Music) (Photo: AETOSWire)Left to right: Kamil Abi Khalil (Head of Production at Anghami), Ahmed Al Rasheed (KSA Manager at Anghami), Salem al-Hindi (CEO of Rotana Music), Eddy Maroun (Co-Founder & CEO of Anghami), and Firas Khashman ( Deputy CEO at Rotana Music) (Photo: AETOSWire) ...
Anghami (ANGH) - 2022 Q4 - Annual Report
2023-05-16 20:59
User Base and Engagement - As of December 31, 2022, Anghami has over 121 million registered users, 1.52 million paid subscribers, and 18.8 million active users, with more than 11.6 billion streams annually[213]. - The number of aggregate monthly subscribers increased from 595,980 in January 2019 to 1,521,472 in December 2022, reflecting consistent growth in the Premium user base[275]. - Active users increased from 18.2 million in 2021 to 18.8 million in 2022, despite economic challenges in Egypt and Lebanon[383]. - The Premium service offers unlimited online and offline high-quality streaming and download access, enhancing user experience and engagement[273]. - The churn rate for monthly paying subscribers decreased from 7.7% in January 2019 to 6.1% in December 2022, indicating improved subscriber retention[275]. Revenue and Financial Performance - The overall consolidated revenue for Anghami reached $48.5 million, an increase of $12.9 million or 36.6% compared to 2021[410]. - Revenue from subscriptions reached $27.1 million in 2022, a 5.4% increase from 2021, comprising 56% of total revenue[396][397]. - Advertisement revenue surged by 22.5% to $12.1 million in 2022, accounting for approximately 25% of total revenue[398]. - Revenue from live events was $9.4 million in 2022, marking a 100% increase as it was not present in 2021[396]. - Premium subscriptions generated 56% of total revenues in fiscal year 2022, while advertisement revenue contributed 25% and live events accounted for 19%[271]. Market Growth and Opportunities - The MENA region's recorded music revenue grew by 23.8% in 2022, with streaming accounting for 95.5% of music consumption, the highest rate globally[227]. - The music streaming market in the MENA region is projected to grow at a CAGR of 9.5%, from $1.5 billion in 2019 to $3.2 billion by 2027[228]. - Music streaming penetration in Saudi Arabia is only approximately 6% of the addressable market, indicating significant growth potential[253]. - The podcast segment is expected to grow significantly, with global podcast listeners projected to reach 504 million by 2024, presenting a growth opportunity for the company[296]. Content and Partnerships - Anghami's Arabic music catalog includes approximately 894,000 songs, with Arabic content accounting for 58% of total streams in 2022, indicating significant growth potential[235]. - Anghami has established strategic relationships with 42 telecommunications companies across the MENA region to enhance user acquisition and subscription conversion rates[215]. - Anghami has established partnerships with major music labels, including Universal Music Group, Sony Music Entertainment, and Warner Music Group, as well as thousands of independent labels[352]. - Anghami signed an exclusive agreement with Amr Diab, the largest Arab artist in MENA, to stream existing content and create new exclusive content over the next three years[237]. - The company created over 150 original Arabic songs since 2018, achieving a 59% ROI on production costs, highlighting a focus on local content[392]. Advertising and Marketing Strategies - Anghami's advertising solutions include audio ads, video ads, and display ads, with a new pricing scheme based on streams delivered rather than impressions, aimed at increasing advertising revenue[306][308]. - The company provides content promotion offerings, allowing brands to sponsor playlists and promote their music content for increased visibility[309]. - Anghami utilizes data analytics for digital marketing, optimizing campaign performance and budget allocation based on user behavior[314]. - The company capitalized 2.3% of engineering salaries related to product development in 2022, a decrease from 24% in 2021, reflecting a shift in focus on operational expenses[375]. Cost Structure and Financial Management - Licensing costs, which account for 47% of total revenue (excluding live events), are a major part of variable costs due to royalty payments to music labels[282]. - Total expenses increased by $12.7 million or 47.9% year-on-year, reaching $39.1 million for the year ended December 31, 2022[401]. - Content acquisition and royalty costs rose by $1.2 million or 7.6% due to the addition of Rotana's catalogue and a $10 million exclusivity deal with Amr Diab[402]. - Monthly variable technology costs averaged $316,293 in 2022, with a strategic focus on optimizing the platform's backend code for long-term efficiency[289]. Strategic Initiatives and Innovations - Anghami aims to leverage live events to create synergies between online and offline experiences, increasing user engagement and potential revenue[268]. - The partnership with Addmind to launch Anghami Lab generated revenue of $4,498,779 in 2022, establishing innovative entertainment venues in Saudi Arabia[266]. - Anghami's Radar feature allows users to identify and add songs playing around them to a special playlist, enhancing music discovery[297]. - The company plans to launch a new offering in May 2023 with innovative features to attract new users[262]. Organizational Changes and Workforce Management - The company downsized its workforce by 22% in 2022 as part of cost-cutting measures[345]. - Anghami's organizational structure includes multiple subsidiaries across the MENA region and the UK, with a focus on an asset-light business model[346][347].