Business Context and Reporting Period
This Form 6-K filing by Anghami Inc. covers the month of April 2026, specifically reporting on a corporate transaction dated April 29, 2026. The Company, a Cayman Islands exempted company, entered into a new financing arrangement.
Key Financial Metrics
The filing details a new debt instrument rather than operational performance metrics such as revenue or cash flow.
- New Debt Facility: Senior unsecured loan agreement with a maximum borrowing capacity of US$20,000,000.
- Lender: UBC Ventures W.L.L., an affiliate of OSN Streaming Limited.
- Interest Rate: 8% plus six-month Term SOFR (or substitute reference rate).
- Maturity Date: April 29, 2028.
- Repayment Terms: All principal and accrued/capitalized interest are due on the maturity date; reborrowing of repaid amounts is not permitted.
- Use of Proceeds: General corporate purposes and working capital requirements.
Material Changes
The primary material change is the establishment of a new US$20 million credit facility. The filing text does not provide comparative financial data for the prior period to assess changes in revenue, profit, or existing debt levels.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future performance, or a discussion of general business risks. The transaction was approved by the Board of Directors upon the unanimous recommendation of a special committee. The document notes that the summary is qualified in its entirety by reference to the full Loan Agreement attached as Exhibit 99.1.
Investor Verification Checklist
- Verify the full terms and covenants of the Senior Loan Agreement in Exhibit 99.1.
- Confirm the current utilization of the US$20 million facility (amounts actually drawn).
- Assess the impact of the 8% + SOFR interest rate on future interest expense and liquidity.
- Review the relationship and potential conflicts of interest with the lender, UBC Ventures W.L.L. (an affiliate of OSN Streaming Limited).