Fintech PR
OSN+ and Anghami Sign Landmark Transaction Set to Transform MENA Entertainment
The combination of OSN+ and Anghami Inc. will be the first regional platform that provides video and music, backed by up to $50 million cash investment in Anghami and bringing together over 120 million registered users, 2.5+ million subscribers and $100+ million revenue at closing
The OSN Group will invest in Anghami at a valuation of $3.65 per share, 3.9x the stock’s average price for the past month
ABU DHABI, UAE, Nov. 21, 2023 /PRNewswire/ — In a milestone transaction set to reshape the MENA media and entertainment landscape, OSN+, the region’s leading streaming platform for premium content and Anghami Inc. (NASDAQ: ANGH) (“Anghami”), the leading music and entertainment streaming platform in the Middle East and North Africa have announced a deal that will combine their businesses. A first of its kind in the region, the combination of the two local home-grown brands will offer consumers unprecedented digital aggregation of the best and latest in premium movies, TV shows, music, podcasts and more while providing a rich and seamless user experience.
Backed by a cash investment of up to $50 million from OSN Group in Anghami, the deal will bring together over 120 million registered users, more than 2.5 million paying subscribers with over $100 million in revenue at closing, transforming Anghami Inc. into one of the region’s largest streaming platforms. Anghami boasts a catalogue of over 100 million songs, with exclusives from artists such as Amr Diab, the all-time best-selling Middle Eastern artist, while OSN+ has over 18,000 hours of video content and exclusive partnership with premium international studios such as HBO, NBC Universal, Paramount, and leading Arabic and Turkish studios.
With customer-centricity at its core, the new platform will be committed to offering the best product and content experience in the region. Recognizing the power of both brands, the platform will leverage Anghami’s strong tech stack and rich music catalogue coupled with OSN+’s library of premium video content to deliver a unique digital streaming experience with AI-driven hyper personalization that prioritizes recommendations based on user preference.
Elie Habib, co-founder of Anghami and set to be the CEO of the combined business commented: “Joining forces with OSN+ is a leap in Anghami’s journey to reinvent entertainment in the Arab World. We’re bringing together technology, music and video to build a comprehensive media ecosystem. It’s a chance to deepen our connection with our users and to create something they will truly love.”
Joe Kawkabani, CEO, OSN Group, added: “This is a major milestone in OSN’s journey as we continue to scale up our streaming business. Combining OSN+ content with Anghami’s technology enables us to deliver the best of entertainment all in one place for our customers, ensuring we are continuously evolving our offering to meet their needs. As two home-grown entities with an unmatched understanding of the local market, we are confident that this new offering will change the face of the regional streaming landscape.”
The OSN Group will invest in Anghami at a valuation of $3.65 per share, 3.9x the stock’s average price for the past month. Anghami intends to maintain the listing of its ordinary shares on the Nasdaq Stock Market following the closing of the transaction. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and regulatory approvals. Following the closing of the transaction, OSN Group will own a majority stake in Anghami Inc. The final amount of the OSN Group’s cash investment in Anghami and the final number of Anghami securities to be issued in a private placement to the OSN Group is subject to adjustment based on the terms of the definitive transaction agreement. In addition to its stake in Anghami, OSN will continue to run its linear TV business OSNtv, with Joe Kawkabani as Group CEO.
Cautionary Language
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “will,” “estimate,” “project,” “budget,” “anticipate,” “intend,” “plan,” “may,” “could,” “should,” “believes,” “continue,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements because they relate to events and depend upon future circumstances that may or may not occur, such as the consummation of the transaction and the anticipated benefits thereof. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to, the risk that the completion of the transaction on the anticipated terms and timing may not occur, including obtaining required regulatory approvals, and the satisfaction of other conditions to the completion of the transaction; potential litigation relating to the transaction, including the effects of any outcomes related thereto; the risk that Anghami may not otherwise meet the requirements for continued listing on the Nasdaq Stock Market; the risk that disruptions from the transaction will harm Anghami’s business, including current plans and operations; the ability of Anghami to retain and hire key personnel; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transaction; legislative, regulatory and economic developments affecting Anghami’s business; general economic and market developments and conditions; potential business uncertainty, including changes to existing business relationships, during the pendency of the transaction that could affect Anghami’s financial performance; certain restrictions during the pendency of the transaction that may impact Anghami’s ability to pursue certain business opportunities or strategic transactions; unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, pandemics, outbreaks of war or hostilities, as well as Anghami’s response to any of the aforementioned factors; significant transaction costs associated with the transaction; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction; competitive responses to the transaction; the risks and uncertainties pertaining to Anghami’s business; and other risks and uncertainties identified in Anghami’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 16, 2023, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of Anghami’s ordinary shares, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About OSN+
OSN+ is the region’s leading local premium streaming service, featuring an incredible line-up of exclusive global and local curated content. Led by its long-term partnerships with major studios including HBO, NBC Universal, Paramount+, Endeavor Content, MGM, and Sony, the platform ensures the latest content at the same time as the US, including critically acclaimed series and must-see movies, as well as world-class Arabic original content and OSN+ Originals.
OSN+ can be accessed through all your favourite devices, including major TV platforms, all iOS, and Android devices, and from the web. Find out more and stream now at www.osnplus.com
About OSN
OSN is the leading service for premium entertainment servicing the MENA region in 22 countries featuring exclusive and in-demand premium global and local hit tv series and films. OSN delivers content across multiple divisions: OSN+, OSNtv, and b2b offerings in every market. Home to the most compelling content from around the world, OSN spearheads premium content including Western, Arabic, Turkish and more across divisions, distinctively known for broadcasting the latest content on the same day as the US, including popular series, blockbuster movies, and the best in kids and lifestyle programming.
OSN’s ambition is to deliver entertainment everywhere for everyone, which is informed by the company’s three key pillars: A customer-first approach, unrivaled exclusive content, and unbeatable value. By seamlessly bringing together Global Network Partnerships, Studios, and Originals, along with reimagined Linear channels, OSN provides an ecosystem of entertainment.
For media inquiries, please contact:
Cham Alatrach
[email protected]
+971 58 596 7729
Impact Porter Novelli
About Anghami
The first, most-established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music, podcasts and entertainment. With an extensive ecosystem of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalogue comprising more than 100 million songs and licensed content from leading Arabic labels, independent artists and global distributors, available for 120 million registered users. Anghami has established 40+ telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with, and featuring music from, major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network. Anghami is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA. To learn more about Anghami, please visit: https://anghami.com
For media inquiries, please contact:
Marian Bahader
[email protected]
Investor Relations:
[email protected]
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- Establishing actionable frameworks to advance precision medicine and longevity science
- The declaration highlights the impact longevity and precision medicine can have on supporting healthy communities, and engages leaders to work towards actionable solutions, drive consensus among global peers, and invest in long-term solutions
- It brings together leading healthcare and academic institutions to redefine and improve health outcomes while aligning on key global healthcare priorities
ABU DHABI, UAE, April 18, 2025 /PRNewswire/ — A groundbreaking ‘Declaration on Longevity and Precision Medicine’ was launched at Abu Dhabi Global Health Week (ADGHW), marking a historic milestone in the quest to transform healthcare delivery and research worldwide.
As the first initiative of its kind, and developed in collaboration with leading international health organisations, academic institutions, and industry pioneers, the declaration establishes key principles to accelerate the advancement of precision medicine and longevity science.
Speaking at the launch, H.E. Mansoor Ibrahim Al Mansoori, Chairman of the Department of Health – Abu Dhabi (DoH) stated: “Healthy populations lead to healthy communities, stronger social cohesion, and fuels economic growth. This declaration unites global leaders to harness emerging technologies responsibly and deliver the benefits of precision medicine to all. Because health knows no boundaries, we are working together towards actionable and long-term solutions.”
Developed in collaboration with experts worldwide, the declaration aims to drive the adoption of personalised care and promote research into extending healthy lifespans. It highlights the urgency of addressing the widening healthspan-lifespan gap, which currently stands at nearly a decade globally.
The declaration comes at a critical time as the World Health Organization projects the global population aged 60 and older will double to 2.1 billion by 2050. Concurrently, the precision medicine market is expected to grow from $81 billion in 2023 to over $175 billion by 2030.
The United Arab Emirates (UAE) is rapidly emerging as a regional and global leader in the longevity market, driven by pioneering regulatory frameworks, investments in precision medicine, and groundbreaking initiatives such as the world’s first licensed Healthy Longevity Medicine Centre. From $19 billion in 2020, the UAE’s longevity market is estimated to reach $32 billion by 2026.
The declaration outlines bold commitments to advance longevity science, artificial intelligence (AI), driven diagnostics, and personalised therapeutics. It sets forth six key pillars: advancing research and innovation, enhancing collaboration and knowledge-sharing, investing in education and workforce development, advocating for supportive policy and regulation, upholding ethics and responsible practices and engaging the public about longevity research and its implications for health and society.
Signatories who convened at ADGHW to formalise their commitment which was led by DoH included, M42, Masdar City, PureHealth, Illumina, NYU Abu Dhabi, University of Pennsylvania, Aldar, Children’s National Hospital, Burjeel, Children Hospital of Philadelphia, and the Institute for Healthier Living Abu Dhabi (IHLAD).
PwC Middle East, a strategic partner in the initiative, highlighted the global significance of this declaration in advancing global healthcare priorities. Lina Shadid, Health Industries Leader, PwC Middle East stated: “The declaration on longevity and precision medicine provides a global blueprint for integrating AI, genomics, and precision healthcare into mainstream medical practice and within the health ecosystem, to accelerate the adoption of life-changing medical innovations worldwide.
The declaration reflects Abu Dhabi’s ongoing commitment to shaping the future of health through knowledge-sharing, investment in research, and the integration of emerging technologies. By convening global experts and institutions, DoH is ushering a new era of precision medicine —one that prioritises personalised and preventative care, and enhances quality of life for populations worldwide.
Governments, health organisations and relevant stakeholders worldwide are encouraged to sign this declaration. For more information, please visit: https://www.adghw.com/
ADGHW is a major government initiative from DoH and serves as a platform for innovation and collaboration under the theme ‘Towards Longevity: Redefining Health and Well-being.’ It places a strong emphasis on community-driven health and well-being, with a proactive approach centred around preventive, personalised, and holistic care.
For media inquiries or interview opportunities, please contact:
Maroun Farah, Senior Media Relations Manager, Weber Shandwick
E: [email protected]
T: +971 55 166 2557
For media inquiries, please contact: Mariam Al Marzooqi
[email protected],
+971 50 536 6660
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Fintech PR
Yarbo Secures $27M+ Series B Funding to Accelerate Global Growth, Innovation, and Ecosystem Expansion
NEW YORK, April 18, 2025 /PRNewswire/ — Yarbo, the world’s first year-round multipurpose intelligent yard robot, has successfully closed its Series B funding round, raising approximately $27M USD. The round was backed by a group of strategic and financial investors, bolstering Yarbo’s vision of reimagining how the world handles outdoor work – one season at a time.
This fresh injection of capital will turbocharge Yarbo’s ability to scale mass production, enhance supply chain resilience, and deepen investment in R&D, fuelling faster product optimisation and iteration. The company also plans to accelerate talent acquisition, strengthen liquidity, and push forward with pre-IPO planning as it sets its sights on global expansion and long-term market leadership.
A Decade of Innovation, One Yard at a Time
Founded in 2015, Yarbo began life as Snowbot: targeting the infamously tough task of snow removal, a long-standing pain point for homeowners. Since then, the company has transformed from a niche robotics brand into a global category leader in outdoor automation, now operating under the Yarbo name.
With its signature “1+N” modular design, Yarbo offers year-round functionality powered by one intelligent core robot and a growing family of interchangeable modules. From snow blowing in winter, to lawn mowing in summer, to leaf blowing in autumn, Yarbo has become a household name for those who’d rather relax in their gardens than maintain them.
In 2022, Yarbo’s crowdfunding campaign raised over $3.45M USD, and by 2024, its own direct-to-consumer full-payment pre-order campaign generated 6,000+ orders. With momentum continuing to build, Yarbo expects 4–5x sales growth in 2025, supported by expansion across North America, Europe, Japan, and Australia.
New Trimmer Module Nears Mass Production
Hot off the back of a successful Spring Sale & Robotic Trimmer Launch livestream in early April – where Yarbo moved 702 total units, including 284 trimmers, and raked in over $850,000 in sales within 2 hours – the new Trimmer Module is fast approaching mass production.
Designed to tackle edges, tight spots, and other areas your mower can’t reach, the Trimmer expands Yarbo’s spring and summer capabilities, perfectly complementing the Lawn Mower and Blower modules.
Yarbo’s modular expansion doesn’t stop there. Future modules are in development to cover tasks such as granular or liquid spraying, moving your garbage bins to the curb, dog waste picking, and even fruit harvesting. All without changing the core robot. The goal? A full-spectrum, “1+N” yard ecosystem that meets every seasonal demand and makes yard work a relic of the past.
The Future of Yard Work Is Modular
After a well-received showcase at CES 2025, Yarbo continues to build on its latest product innovations, including:
- “Follow Me” Mode – Let Yarbo visually track and follow you, hands-free.
- 3,500 lbs pulling capacity – Yes, really. From firewood to garden carts.
- Quick-swap design – Change tracks, antennas or modules in under 5 minutes.
- Halow-powered Data Center – Better connectivity, stronger signal, wider coverage.
Whether it’s clearing leaves, trimming lawn edges, or prepping for a summer BBQ, Yarbo is the robotic outdoor companion for every season. The future looks even brighter (and a lot less back-breaking) for yard owners everywhere.
Interested in trying Yarbo for yourself? We’re happy to arrange media test units, product demos, and interviews to showcase just how easy spring yard work can be. Yarbo is actively recruiting distributors in both North America and Europe. For those interested, please email [email protected] or visit www.yarbo.com/become-a-dealer.
For more information on Yarbo, please visit www.yarbo.com.
About Yarbo
Yarbo is the world’s first multi-purpose yard robot, designed to meet over 20 kinds of yard care demands such as snow blowing, lawn mowing, leaf blowing and more. The fully autonomous robot’s core features include all-season yard maintenance, a modular design, data connectivity capabilities, wireless charging, smart route planning, app control and remote control and next-generation smart obstacle avoidance with patented precise positioning and navigation technology. This together provides yard enthusiasts with versatile and easy-to-use options for a stress-free, hands-free yard care experience. Established in 2015, Yarbo’s mission is to create value and make a difference in people’s lives through being the world’s leading intelligent outdoor equipment provider.
For inquiries, please contact:
Kathy Zhang
[email protected]
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DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is making waves with its latest trading showdown: Crypto Surf: Ride the Waves with Trailing Stops. This high-octane competition invites traders to rally behind either copy trading or trading bots, battling it out for their share of a prize pool worth up to $250,000 in USDT.
Running from April 18 to May 19, 2025, at 12 a.m. UTC, the event introduces a squad-based structure where users choose their camp, trade strategically, and compete across PnL, ROI and trading volume leaderboards. With a dynamic reward structure, participants can also win by predicting which squad will come out on top.
Prize Pool Distribution Highlights:
- 40% to the champion squad
- 30% to the runner-up
- 25% to the top 100 individual traders by volume
- 5% to users who correctly predict the winning squad
The event brings together the best of both worlds: the strategic finesse of copy trading and the automated power of trading bots. It celebrates innovation, user choice, and the thrill of crypto trading.
Participants must hold a minimum wallet balance of $1,000 in USDT, generate at least $10,000 in squad volume, and complete identity verification Level 1 to qualify. Users can only register for one squad and vote once to predict the winner. Rewards will be distributed within 14 business days of the event’s completion.
The total prize pool will scale in line with event volume milestones, starting at $1.2 billion and unlocking up to $2 billion in traded volume for the full $250,000 in USDT.
Bybit continues to redefine the competitive trading landscape – bringing fun, strategy and serious rewards to its global community.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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