OSN moves to take Anghami private, Tabby lands SAMA licences
Summary
OSN Streaming has proposed taking Anghami private at $3.39 per share, valuing the remaining public float at just over $10 million. Anghami’s board has formed a special committee to review the offer, and OSN has said it will not sell its stake to a third party. The deal comes after Anghami’s Nasdaq listing via SPAC in 2022 and a later reverse split, while the company still reports revenue growth but remains unprofitable. The broader newsletter also notes Tabby’s new SAMA finance licences and other MENA startup and VC activity.
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Employment Software
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BasharSoft
$1M to $5M
ثمار (THEMAR)
up to $1M