Abu Dhabi - Sharikat Mubasher: Anghami Inc. announced the closing of a new round of funding from OSN Group of up to $55 million with a $12 million initial investment in a convertible note program.

This investment marks a key milestone in Anghami Inc.'s trajectory to redefine digital entertainment in the MENA region, further solidifying its position as the go-to destination for premium audio and video content, as per a recent press release.

This newly raised capital aims to accelerate Anghami and OSN+'s growth trajectory, enabling the platforms to expand their content library, enhance user experience through cutting-edge technologies, and strengthen their presence across the MENA region. It also aims to drive innovations such as AI-driven personalization and next-generation streaming technologies.

Elie Habib, CEO of Anghami and OSN+, said: "The success of this partnership is a testament to the power of collaboration and innovation. With this new investment from OSN Group, we are poised to elevate the digital entertainment experience for MENA audiences even further and expand our reach."

Joe Kawkabani, CEO, of OSN Group, added: "This new round of funding reflects our unwavering belief in Anghami's potential to lead the MENA region in digital entertainment. Together, we will continue redefining how audiences experience premium content, ensuring our platform remains a pioneer in the industry."