Business Context and Reporting Period
This Form 6-K filing by Anghami Inc. covers the month of December 2025, specifically reporting on a corporate action completed on December 15, 2025. The registrant is a foreign private issuer based in Abu Dhabi, United Arab Emirates.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, or operating margins. The primary financial data disclosed relates to a debt conversion event:
- Debt Converted: $55,000,000 in aggregate principal amounts of senior unsecured convertible notes.
- Additional Conversion Amount: Included capitalized PIK Interest and accrued but not capitalized PIK Interest as of December 15, 2025.
- Shares Issued: 2,376,171 ordinary shares issued to OSN Streaming Limited.
- Outstanding Debt: Following the conversion, no notes remain outstanding.
Material Changes
The material change reported is the full conversion of the senior unsecured convertible notes held by OSN Streaming Limited into equity. This transaction eliminated the specific debt obligation of $55,000,000 principal plus associated interest, replacing it with an equity issuance.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, or specific risk factors beyond the disclosure of the completed conversion. No unusual items or contingencies are described in this report.
Investor Verification Checklist
- Verify the exact conversion price per share implied by the issuance of 2,376,171 shares for the $55,000,000 principal plus accrued interest.
- Confirm the total dilution impact of the 2,376,171 new shares on existing shareholders.
- Review the terms of the original convertible notes to understand the PIK interest rate and accrual mechanics.
- Check subsequent filings for any remaining debt obligations or new financing activities.