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Anghami Inc.

Growth Score40DXBi Rank129Heat Score100

MENA's pioneering music and podcast streaming platform

Founded 2012Public (Nasdaq-listed; majority-owned subsidiary of OSN Group since April 2024)PublicAbu Dhabi, United Arab Emirates, Abu Dhabianghami.com
Prospect profilemusic-streamingdigital-entertainmentnasdaq-listedSPACMENApodcasts
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Overview

Anghami is a MENA-region music and podcast streaming platform, founded in 2012 in Lebanon by Eddy Maroun and Elie Habib and now headquartered in Abu Dhabi. It became the first Arab technology company to list on Nasdaq via a SPAC merger with Vistas Media Acquisition Company. In April 2024, streaming platform OSN+ (OSN Group) completed acquisition of a majority (55.45%) stake in the company, after MBC Group had acquired roughly a 13.7% stake in March 2024; Anghami's app and service remain live and operating.
40

Growth Score

Trending down

100

Heat Score

Trending up

Details

Operating Status
Active
Company Type
Public (Nasdaq-listed; majority-owned subsidiary of OSN Group since April 2024)
Funding Stage
Public
Headquarters
Abu Dhabi, United Arab Emirates
Founded
2012

Stock listing

Nasdaq: ANGH

Products & Services

Anghami app

Core music streaming app for MENA offering Free (ad-supported) and Anghami Plus (premium) tiers, with 100M+ songs and podcasts.

Anghami Plus

Premium subscription service with Individual, Family, Student, and limited/partner plans.

OSN+ app

Video streaming service (rebuilt in-house in 2025) offering Premium 4K, Standard HD, and Standard-with-Ads tiers, featuring exclusive HBO content and OSN+ Originals.

Anghami Artists

App/dashboard giving artists analytics on audience demographics, geography, playlist data and revenue.

Amplify

Paid artist/creator promotion program on the Anghami platform.

Anghami Studios

In-house production arm creating branded content collaborations between artists and brands.

AI Mix / Radar

AI/ML-driven personalized music discovery and recommendation features within the Anghami app.

People

Technology

No technology or web presence data on file yet.

Financials

Public

Funding stage

$225M

Valuation

Nasdaq: ANGH

Stock

Funding rounds

Projects

AcquisitionCompleted

OSN and Anghami complete majority-stake merger transaction

OSN Group completed its acquisition of a 55.45% majority stake in Anghami at a valuation of $3.69/share, backed by a $38 million cash investment, forming a combined music-and-video entertainment platform (120M+ registered users, ~2.5M paid subscribers, ~$100M revenue at closing). Elie Habib became CEO of the combined entity.

$38M

Apr 2, 2024

InvestmentCompleted

MBC Ventures acquires 13.7% stake in Anghami

MBC Ventures Limited (owned by MBC Group Holdings Limited) disclosed beneficial ownership of 13.7% of Anghami's outstanding ordinary shares, acquired in the period preceding the OSN transaction close.

Feb 20, 2024

Acquisition (proposed)Announced/Pending

OSN Streaming Limited proposes to take Anghami private

Controlling shareholder OSN Streaming Limited (owns ~67%) submitted a preliminary, non-binding proposal to acquire all outstanding Anghami shares it does not already own at $3.39/share in cash. Anghami's board appointed three new independent directors and formed a Special Committee to evaluate the proposal.

Jun 30, 2026

InvestmentCompleted

Warner Bros. Discovery acquires minority stake in OSN Streaming Limited

Warner Bros. Discovery closed a $57 million minority investment in OSN Streaming Limited (Anghami's majority shareholder), expanding the existing content partnership and committing to joint investment in regional original production.

$57M

Mar 1, 2025

PartnershipLaunched

OSN+ "Epic Bundle" with Shahid and Disney+

OSN+ launched a first-of-its-kind bundled subscription combining OSN+, Shahid and Disney+ under a single plan, aimed at broadening content access and distribution across MENA.

Dec 1, 2025

PartnershipLaunched

OSN+ distribution partnerships with talabat and Noon

OSN+ expanded distribution and customer acquisition through new bundling/partnership arrangements with regional platforms talabat and Noon.

Jan 1, 2025

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