Anghami shares are trading higher after the company and OSN+ announced a deal that will combine their businesses.
Portfolio Pulse from Benzinga Newsdesk
Anghami's stock price is trading higher following the announcement of a business combination deal with OSN+.
November 21, 2023 | 7:47 pm
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POSITIVE IMPACT
Anghami's shares are experiencing an uptick due to the announced deal with OSN+, which could lead to positive growth synergies.
The positive reaction in Anghami's stock price is likely due to investor optimism about the potential benefits of combining with OSN+. Such deals can lead to improved market positioning, cost synergies, and expanded service offerings, which can drive revenue growth and profitability in the short term.
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