Abu Dhabi-based Anghami lists on NASDAQ

Friday, 4 February 2022 06:30

By ARN News Staff

Abu Dhabi Global Market-headquartered Anghami has successfully listed on New York’s NASDAQ following its successful merger with Vistas Media Acquisition Company (VMAC).

Streaming platform Anghami is a true regional success story.

It becomes the first Arab Technology company to be listed on NASDAQ and the first Arab company to list on this market in over 25 years.

With over 72 million songs in its libraries and more than 75 million registered users since its launch in 2012, it has catapulted the company into a driving force shaping the music business in the Middle East and North Africa (MENA) region.

Elie Habib, co-founder and CTO of Anghami said: "As we prepare for life as a public company, I would like to thank Abu Dhabi Global Market for its support in cultivating an environment that allows exciting homegrown Middle East technology companies such as Anghami to grow and thrive. Partnering with ADGM, and establishing our global headquarters here has allowed us to evolve our offering and focus on creating and distributing richer content, as well as developing innovative concepts for our growing subscriber base."

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