Anghami Inc. Overview
Pro stress-test →Anghami (NASDAQ: ANGH) is a leading music streaming platform in the Middle East and North Africa (MENA) region. Founded in 2012 by Eddy Maroun and Elie Habib, Anghami is the first music-streaming platform in the MENA region. In April 2024, Anghami joined forces with OSN+, a leading video streaming platform, forming a digital entertainment powerhouse with an extensive library of over 18,000 hours of premium video alongside 100+ million Arabic and International songs and podcasts.
Strategic Profile
Pro stress-test →Anghami operates with a user base exceeding 120 million registered users and 2.5 million paid subscribers, and has partnered with 47 telcos across MENA. The company has evolved from a pure music service into a broader digital entertainment platform. Following the April 2024 OSN+ transaction, OSN Group acquired 55.45% in Anghami at a valuation of $3.69 per share, resulting in a combined entity with close to $100 million in revenue.
Competitive Landscape
Pro stress-test →Anghami competes with global streaming giants (Spotify, Apple Music, Amazon Music) and regional players in MENA. Anghami became the first Arab tech company listed on NASDAQ when it began trading in February 2022. The platform's competitive advantage lies in regional content expertise, cultural localization, and strategic partnerships with regional media (OSN Group) and telecommunications providers.
Industry Context
Anghami Inc. operates in Digital Music and Video Streaming.
Key facts
Founded: 2012 · Headquarters: Abu Dhabi, UAE · Revenue: $100M · Market cap: $24.6M