Kamco Invest advises OSN Group on Warner Bros Discovery’s acquisition of Stake in OSN Streaming

Kamco Invest has advised OSN Group on the sale of a 30% stake in its subsidiary, OSN Streaming Ltd., to Warner Bros Discovery for USD 57 million.

Kamco Invest acted as the sell-side advisor on the transaction, which involves a cross-border investment by Warner Bros Discovery into the Middle East-based streaming platform.

Abdullah M. AlSharekh, Managing Director of Markets and Investment Banking at Kamco Invest, stated that the transaction aligns with OSN Group’s strategic objectives and reflects increased interest in the region’s digital media sector.

Joe Kawkabani, CEO of OSN Group, noted that the agreement supports the company’s future plans for OSN Streaming Ltd. and acknowledged Kamco Invest’s role in facilitating the process.

The deal represents Warner Bros Discovery’s continued expansion in the Middle East and North Africa (MENA) region. For OSN Group, it reflects an effort to enhance its digital streaming offering through strategic partnerships.

Kamco Invest has recently been active in the investment banking sector, having completed 11 transactions in the previous year totaling USD 4.9 billion. These included bond and sukuk issuances, a mandatory tender offer in Kuwait’s insurance sector, and the IPO of a state-owned oil company in Oman.