Music streaming service Anghami is said to be assessing its business options, and might be considering a potential sale to Dubai-based OSN according to a report by Bloomberg.
The report suggests that Anghami could be valued at as much as $400 million if a deal is reached. The company is also considering hiring investment bank JPMorgan Chase & Co. in a bid to raise a new round funding as an alternative option.
Anghami, which was founded in 2013 in Beirut reached around 30 million users and is facing increased competition from the likes of Spotify, Deezer and Apple Music.
