OSN Streaming Ltd. Discloses Stake in Anghami Inc.

TL;DR

**OSN Streaming Ltd. just filed a 13D on Anghami Inc. Big ownership change incoming.**

AI Summary

On April 8, 2024, OSN Streaming Ltd. filed a Schedule 13D, indicating a change in beneficial ownership of Anghami Inc. The filing was made by OSN Streaming Ltd. and its group members, including Kuwait Projects Co (Holding) K.S.C.P., Panther Media Group Ltd, and Panther Media Holding Ltd. The filing pertains to Anghami Inc.'s ordinary shares.

Why It Matters

This filing signals a significant shift in the ownership structure of Anghami Inc., potentially impacting its strategic direction and market position.

Risk Assessment

Risk Level: medium — Changes in major beneficial ownership can lead to shifts in corporate strategy, management, or potential takeover bids, introducing uncertainty.

Key Players & Entities

• OSN Streaming Ltd. (company) — Filing entity
• Anghami Inc. (company) — Subject company
• Kuwait Projects Co (Holding) K.S.C.P (company) — Group member of filing entity
• Panther Media Group Ltd (company) — Group member of filing entity
• Panther Media Holding Ltd (company) — Group member of filing entity
• Fiona Robertson (person) — Authorized to receive notices

FAQ

Key Financial Figures

• $0.0001 — of Issuer) Ordinary Shares, par value $0.0001 per share (Title of Class of Securiti
• $38,000,000 — nsideration: (i) cash consideration of $38,000,000, of which OSN Streaming paid $33,000,00
• $33,000,000 — 38,000,000, of which OSN Streaming paid $33,000,000 at Closing and $5,000,000 was credited
• $5,000,000 — reaming paid $33,000,000 at Closing and $5,000,000 was credited from the deposit previousl
• $11.50 — ants that are exercisable at a price of $11.50 per Ordinary Share (subject to certain

Filing Documents

• tm2411273d1_sc13d.htm (SC 13D) — 132KB
• tm2411273d1_ex1.htm (EX-99.1) — 8KB
• tm2411273d1_ex4.htm (EX-99.4) — 112KB
• tm2411273d1_ex6.htm (EX-99.6) — 8KB
• tm2411273d1_ex99-17img001.jpg (GRAPHIC) — 216KB
• tm2411273d1_ex99-17img002.jpg (GRAPHIC) — 68KB
• tm2411273d1_ex99-17img003.jpg (GRAPHIC) — 68KB
• 0001104659-24-044818.txt ( ) — 748KB

From the Filing

SC 13D 1 tm2411273d1_sc13d.htm SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* Anghami Inc. (Name of Issuer) Ordinary Shares, par value $0.0001 per share (Title of Class of Securities) G0369L101 (CUSIP Number) Fiona Robertson OSN Building, Dubai Media City Dubai, United Arab Emirates +971 52 877 7826 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 1, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G0369L101 13D Page 1 of 14 Pages 1 Names of Reporting Persons OSN Streaming Limited 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds (See Instructions) OO 5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 Sole Voting Power 0 8 Shared Voting Power 50,411,753* 9 Sole Dispositive Power 0 10 Shared Dispositive Power 50,411,753* 11 Aggregate Amount Beneficially Owned by Each Reporting Person 50,411,753* 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 62.9%** 14 Type of Reporting Person CO * Consists of (i) 36,985,507 ordinary shares, par value $0.0001 per share (the “Ordinary Shares”) plus (ii) 13,426,246 Ordinary Shares issuable upon the exercise of warrants to acquire Ordinary Shares beneficially owned by the Reporting Persons. ** The calculation of the percentage ownership in this Schedule 13D with respect to the Reporting Persons is based on a total of 80,121,394 Ordinary Shares, which includes (i) 66,695,148 Ordinary Shares of Anghami Inc., an exempted company incorporated in the Cayman Islands with limited liability (the “Issuer”) outstanding as of April 1, 2024, based upon information provided by the Issuer, plus (ii) 13,426,246 Ordinary Shares upon the exercise of warrants to acquire Ordinary Shares beneficially owned by the Reporting Persons. In accordance with SEC rules governing beneficial ownership, the calculation of the percentage ownership includes warrants held by the Reporting Persons but does not include any other shares issuable upon the exercise of any other outstanding warrants held by other persons. CUSIP No. G0369L101 13D Page 2 of 14 Pages 1 Names of Reporting Persons OSN Streaming Holding Limited 2 Check the Appropriate Box if a Member of a Group (a) (b) 3 SEC Use Only 4 Source of Funds (See Instructions) OO 5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6 Citizenship or Place of Organization Dubai International Financial Centre NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 Sole Voting Power 0 8 Shared Voting Power 50,411,753* 9 Sole Dispositive Power 0 10 Shared Dispositive Power 50,411,753* 11 Aggregate Amount Beneficially Owned by Each Reporting Person 50,411,753* 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares 13 Percent of Class Represented by Amount in Row (11) 62.9%** 14 Type of Reporting Person OO * Consists of (i) 36,985,507 Ordinary Shares plus (ii) 13,426,246 Ordinary Shares issuable upon the exercise of warrants to acquire Ordinary Shares beneficially owned by the Reporting Persons. ** The calculation of the percentage ownership in this Schedule 13D with respect to the Reporting Persons is based on a total of 80,121,394 Ordinary Shares, which includes (i) 66,695,148 Ordinary Shares of the Issuer outstanding as of April 1, 2024, based upon information provided by the Issuer, plus (ii) 13,426,

View Full Filing

View this SC 13D filing on SEC EDGAR