Anghami Logo

MENA-based streaming service Anghami has completed its SPAC merger with Vistas Media Acquisition Company, and began trading on the US NASDAQ exchange as a public company on Friday (4 February).

It has been a long time coming, but Anghami – which claims a 58% share of the Middle Eastern music streaming market – is chuffed with its status as the first Arab tech company to list on NASDAQ. “A moment of great pride, not only for Anghami, but for the entire Arab world, as well as for our engineers, builders, creators and partners around the world,” as CTO Elie Habib put it.

Anghami’s latest investor presentation gives some of its key figures: 18.4 million active users (based on a ‘3-month lookback period’); 1.4 million premium subscribers; and $30.5m of revenue in 2020, the last full year for which it has published financials.

The presentation also outlines Anghami’s expansion ambitions: not just within the MENA region, but targeting the Arab diaspora in North America and Europe, as well as moving into south Asia.

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