Anghami Inc.
ANGHW
NASDAQ Capital Market0.01
USD
- -
- -
CIK
0001871983
ISIN
KYG0369L1196
CUSIP
G0369L119
Return %
Stock
S&P500
1Y
44.33
26.53
3Y
-78.02
76.60
5Y
-98.61
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Elias Nabil Habib
- Full Time Employees
- 186
- Sector
- Communication Services
- Industry
- Entertainment
- Address
- Al-Khatem Tower, WeWork Hub 71 Abu Dhabi United Arab Emirates
- IPO Date
- Feb 4, 2022
- CIK
- 0001871983
- Website
- anghami.com
- Similar Companies
- Business
- Anghami Inc. (NASDAQ: ANGH) operates a leading digital music and entertainment streaming platform primarily serving the Middle East and North Africa region, with expanding reach into Europe and the USA; the company provides access to over 57 million Arabic and international songs, more than 200,000 podcasts, music videos, live events, and premium video content including approximately 18,000 hours of movies, series, and HBO-licensed material through its Anghami Music and OSN+ Video apps. Founded in 2012 in Beirut, Lebanon, by Elie Habib and Eddy Maroun, Anghami is headquartered in Abu Dhabi, United Arab Emirates, within the Abu Dhabi Global Market, and maintains offices in Beirut, Dubai, Cairo, and Riyadh, employing over 160 staff across these locations. The platform operates on a freemium model, offering free ad-supported streaming alongside premium Anghami Plus subscriptions that enable offline downloads, high-quality audio, lyrics display, and compatibility with devices such as Playstation, Sonos, CarPlay, Android Auto, Apple TV, Smart TVs, and Android TV; it holds licensing agreements with major labels including Rotana, Melody, Mazzika, Platinum Records, Sony, Universal, and Warner Music, as well as thousands of independents and over 35 telecom partners for distribution. In recent developments, Anghami merged operations with OSN+ in April 2024, creating a combined audio-video powerhouse under majority OSN ownership of 55.45%, which drove 41% growth in video subscribers between April and October 2024, an 18% rise in average revenue per user in Q3 2024, and enhancements like a relaunched OSN+ platform, a new 4K Premium Plan with Dolby Atmos and Dolby Vision, and AI-powered recommendation improvements; in December 2024, OSN Group provided up to $55 million in additional funding via a $12 million initial convertible note, aimed at content expansion, technological upgrades including AI personalization and next-generation streaming, and broader MENA market penetration; earlier in March 2024, MBC Group acquired a 13.7% stake, further bolstering its strategic position post its 2022 NASDAQ debut via SPAC.