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Anghami Fields Going-Private Bid From Controlling Shareholder OSN Streaming, Forms Special Committee

6/30/2026

(NASDAQ: ANGH) confirmed on June 30, 2026 that it has received a preliminary, non-binding proposal from OSN Streaming Limited, its controlling shareholder, to acquire all remaining shares of the Abu Dhabi-based music streaming company and take it private.

In response, Anghami's board announced the appointment of independent directors and the formation of a special committee to evaluate the approach.

A Controlling Shareholder Makes Its Move The proposal places OSN Streaming in the position of bidder rather than backer — an inherently conflicted posture that immediately raises the stakes for Anghami's minority public shareholders.

Because OSN already controls the company, any transaction it proposes carries an elevated scrutiny burden: minority holders cannot rely on a competitive auction to surface fair value when the dominant shareholder is the one writing the check.