OSN proposes $3.75 cash for Anghami minority shares
OSN Streaming and affiliates, holding 71.26% of Anghami, disclose a revised preliminary proposal to buy remaining shares for $3.75 per share in cash.
Rhea-AI Filing Summary
Anghami Inc (ANGH) received an updated Schedule 13D/A from OSN Streaming and its affiliated entities, which report beneficial ownership of 7,417,345 Ordinary Shares, representing 71.26% of Anghami’s Ordinary Shares on a beneficial basis. This includes 6,074,721 Ordinary Shares held of record by OSN Streaming plus 1,342,624 Ordinary Shares issuable upon exercise of warrants with an exercise price of $115 per share, based on a total of 10,408,663 Ordinary Shares (including those underlying the warrants).
On September 11, 2026, OSN Streaming submitted a revised preliminary non-binding proposal to Anghami’s special committee to acquire all Ordinary Shares not currently owned of record by OSN Streaming and beneficially owned by the reporting group for $3.75 per share in cash. All other terms from its earlier June 24, 2026 proposal remain unchanged. The filing also states that no reporting person has traded Anghami shares in the 60 days preceding this amendment.
Positive
- Revised $3.75 cash proposal for remaining shares could provide a defined liquidity event for minority Anghami shareholders if a transaction is ultimately agreed and completed.
- The reporting group’s 71.26% beneficial stake signals continued concentrated ownership support from OSN Streaming and its affiliates.
Negative
- The offer is described as a preliminary non-binding proposal, so there is no certainty that any definitive agreement or transaction will occur at $3.75 per share.
- With the reporting group controlling 71.26% of Anghami’s shares, minority shareholders have limited influence over the outcome and terms of any potential transaction.
Key Figures
Beneficially owned Ordinary Shares: 7,417,345 shares
Beneficial ownership percentage: 71.26%
Ordinary Shares outstanding: 9,066,039 shares
+5 more
8 metrics
Beneficially owned Ordinary Shares
7,417,345 shares
Ordinary Shares beneficially owned by the reporting persons, including warrant shares
Beneficial ownership percentage
71.26%
Portion of Anghami Ordinary Shares beneficially owned by the reporting persons
Ordinary Shares outstanding
9,066,039 shares
Shares outstanding as of September 3, 2026, based on issuer information
Total shares for ownership calculation
10,408,663 shares
Outstanding shares plus 1,342,624 shares underlying warrants held by the reporting persons
Warrant shares
1,342,624 shares
Ordinary Shares issuable upon exercise of warrants held by the reporting persons
Warrant exercise price
$115 per share
Exercise price of OSN Warrant for 1,342,624 Ordinary Shares
Revised proposal price
$3.75 per share
Cash price offered in OSN Streaming’s revised preliminary non-binding proposal for remaining shares
OSN Streaming Holding stake pre-Third Completion
80.16%
Percentage of OSN Streaming’s share capital held by OSN Streaming Holding before Third Completion
Key Terms
Schedule 13D, beneficially owned, non-binding proposal, special committee, +2 more
6 terms
Schedule 13D regulatory
"This Amendment No. 10 amends the initial statement on filed on April 8, 2024"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially owned financial
"Ordinary Shares issuable upon the exercise of warrants to acquire Ordinary Shares beneficially owned by the Reporting Persons"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
non-binding proposal regulatory
"submitted a revised preliminary non-binding proposal (the "Revised Proposal") to the special committee"
A non-binding proposal is an offer or plan presented by one party that outlines terms they would like to pursue but does not create a legally enforceable obligation. Think of it like a detailed handshake or a draft invitation to negotiate: it signals intent and frames possible outcomes, but either side can walk away or change terms without legal penalty. Investors watch these because they can move a stock’s price by suggesting a possible deal, yet they carry higher uncertainty than formal agreements.
special committee regulatory
"revised preliminary non-binding proposal (the "Revised Proposal") to the special committee of the Issuer's board"
A special committee is a group of people chosen by an organization to carefully examine a specific issue or problem, often when a decision could have significant consequences. Think of it as a task force brought together to investigate and recommend actions, ensuring that important matters are handled thoroughly and fairly. For investors, this means decisions are made with careful oversight, which can impact the organization's stability and future direction.
warrants financial
"Ordinary Shares issuable upon the exercise of warrants to acquire Ordinary Shares"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
dispositive power financial
"may be deemed to have or share indirect voting and dispositive power, over any of the Ordinary Shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Which Anghami (ANGH) securities are included in the reporting group’s 71.26% beneficial ownership?
The 71.26% beneficial ownership consists of 6,074,721 Ordinary Shares held by OSN Streaming plus 1,342,624 Ordinary Shares issuable upon exercise of warrants to acquire Ordinary Shares that are beneficially owned by the reporting persons.
What is the exercise price of the warrants referenced in the Anghami (ANGH) Schedule 13D/A?
The warrants beneficially owned by the reporting persons are exercisable for 1,342,624 Ordinary Shares at an exercise price of $115 per Ordinary Share, subject to specified adjustments under the OSN Warrant terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
