Saudi Arabia’s MBC Acquires Nearly 14% of Anghami (ANGH) — Shares Experience Double-Digit Valuation Hike

MBC Ventures, the investment division of Saudi Arabia-owned media conglomerate MBC Group, officially possesses over four million shares in Anghami (NASDAQ: ANGH). MBC’s multimillion-dollar ANGH play came to light in an SEC regulatory filing dated February 20th. Related media coverage only recently initiated, however, and a closer examination of ownership disclosures shows that multiple investors [&#8230…
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Jonathan Jeriah

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