Anghami Reports 17% Subscriber Growth in Preliminary Unaudited 2023 Q3 Results, with Transformative Strategic Investments from OSN Group and SRMG Ventures
ABU DHABI, UAE, Dec. 26, 2023 /PRNewswire/ -- Anghami Inc. (NASDAQ: ANGH) the leading music and entertainment streaming platform in the Middle East and Africa region (MENA), reported today its preliminary results for the third quarter of 2023, the 9-month period ending September 30, 2023, highlighting significant growth, cost reductions and strategic developments.
- Anghami signed a milestone transaction in which OSN Group will contribute its video streaming platform (OSN+) and will invest up to $50 million in cash in Anghami:.
- Amr Diab's highly anticipated "Makanak" album to debut exclusively on Anghami on December 28, 2023, accompanied by a Live Concert Tour.
- On August 7, 2023, Anghami introduced a new subscription plan, Anghami Gold, its highest subscription tier to date.
- The strategic investments from OSN Group and SRMG are poised to significantly accelerate Anghami's expansion in high ARPU markets within the GCC, where OSN Group and SRMG have a strong foothold.