Browsing: Mergers and Acquisitions

Anghami, the largest streaming service in the Middle East, has seen its shares surge by more than 80 per cent on the Nasdaq over the past five trading days, following the disclosure that Saudi Arabian media powerhouse MBC has acquired 13.7 per cent of the company’s total ordinary shares, according to a filing with the US Securities and Exchange Commission (SEC).

In a strategic move to broaden its presence in the flourishing Out-of-home (OOH) advertising sector, Multiply Group (ADX: MULTIPLY), the Abu Dhabi-based holding company, has successfully acquired BackLite Media, a leading Digital Out-of-Home (DOOH) advertising firm with assets situated in prominent locations across the (UAE).