In the final week of 2023, the 20-stock music index gained 1.1% to 1,534.07.
OSN will spend up to $50 million for a majority stake in the music streamer.
The Billboard Global Music Index fell 3.1% to 1,313.44, lowering its year-to-date gain to 12.5%.
The Billboard Global Music Index dropped 1.5% to 1,355.65 this week, bringing its year-to-date gain to 16.1%.
The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
The company behind Billboard Arabia, SRMG says its investment will bolster Anghami's moves into podcasts and other areas.
The Billboard Global Music Index dropped 3.5% with 16 of its 21 stocks in negative territory.
The publishers are accusing the service of “unlicensed exploitation of musical and lyrical works,” including songs by Lil Jon and Kelly Clarkson.
The Arabic-language music streaming platform announced it will be letting go of nearly 40 full-time employees.
Report of Spotify eyeing Middle East-based streaming company Anghami is a sign of big investor interest in the regions.
