2 months ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Files 2023 Annual Report and Announces 2024 Q1 Results, Highlighting 18% Growth in Subscribers and Significant Margin Improvement.

3 months ago - prnewswire.com

The transaction has received all required regulatory approvals for successful closure OSN Group's investment in Anghami gives it a majority stake at a valuation of $3.69 per share ABU DHABI, UAE, April 2, 2024 /PRNewswire/ -- Anghami Inc. (NASDAQ: ANGH) ("Anghami"), a leading music and entertainment streaming platform, and OSN+, a leading video streaming platform for premium content, today announced the successful completion of their landmark transaction after receiving all regulatory approvals. OSN Group has acquired 55.45% in Anghami, giving it a majority stake at a valuation of $3.69 per share, 1.9x the closing price of the stock on Thursday 28th of March.

3 months ago - businesswire.com

RIYADH, Saudi Arabia--(BUSINESS WIRE)--Anghami and Rotana Renew Partnership and Expand Scope of Collaborations.

6 months ago - prnewswire.com

Today, Anghami announced preliminary results for its third quarter 2023 performance. The company delivered strong results in Q3 2023 compared to Q3 2022.

7 months ago - prnewswire.com

The combination of OSN+ and Anghami Inc. will be the first regional platform that provides video and music, backed by up to $50 million cash investment in Anghami and bringing together over 120 million registered users, 2.5+ million subscribers and $100+ million revenue at closing The OSN Group will invest in Anghami at a valuation of $3.65 per share, 3.9x the stock's average price for the past month ABU DHABI, UAE, Nov. 21, 2023 /PRNewswire/ -- In a milestone transaction set to reshape the MENA media and entertainment landscape, OSN+, the region's leading streaming platform for premium content and Anghami Inc. (NASDAQ: ANGH) ("Anghami"), the leading music and entertainment streaming platform in the Middle East and North Africa have announced a deal that will combine their businesses. A first of its kind in the region, the combination of the two local home-grown brands will offer consumers unprecedented digital aggregation of the best and latest in premium movies, TV shows, music, podcasts and more while providing a rich and seamless user experience.

8 months ago - investorplace.com

Speculative stocks are a risky proposition in today's market. With even the Standard and Practices (S&P) 500's stablest giants dropping, small-cap risky stocks don't stand a chance.

9 months ago - investorplace.com

Media stocks are in the hot seat, as Hollywood writer and actor strikes hit the four-month mark. Already, there's been a bloodbath in the entertainment industry as media stocks like Warner Bros Discovery (NASDAQ: WBD ) and Paramount (NASDAQ: PARA ) fall rapidly.

10 months ago - businesswire.com

RIYADH, Saudi Arabia--(BUSINESS WIRE)--SRMG Ventures Announces Strategic Investment in Anghami, MENA's Leading Music and Entertainment Streaming Platform.

1 year ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (NASDAQ: ANGH) (the “Company” or “Anghami”), the leading streaming platform for music and entertainment in the Middle East and North Africa (MENA) region, has announced its unaudited preliminary results for Q1 2023, ending March 31, 2023. Despite facing currency-related challenges in Egypt and Lebanon, Anghami successfully achieved a Q1 2023 unaudited revenue of $10.2 million, representing a 6% increase compared to Q1 2022. On a constant currency basis, the increase would have been 12%, demonstrating Anghami’s ability to achieve strong growth despite challenging conditions in Egypt and Lebanon. By streamlining the technology backend, Anghami has been able to reduce technology costs while improving performance and scalability. Furthermore, the platform has optimized its marketing strategy by concentrating on growth channels with the highest retention rates. This approach has led to a remarkable improvement in brand visibility and customer engagement, while also significantly reducing overall marketing expenses. Anghami’s continued emphasis on efficiency and path to profitability led to a substantial increase in gross profit margin, increasing from 17% in Q1 2022 to 23% in Q1 2023, resulting in a significant $3.1 million improvement in EBITDA, a 60% improvement compared to Q1 2022. Anghami's achievements in Q1 2023 can be attributed to a 39% increase in revenue from direct subscriptions (non-telco) channels, a 16% growth in premium subscribers, and improved margins with content providers and telcos when compared to Q1 2022. Revenue from the advertisements segment also grew 10% in Q1 2023 compared to Q1 2022, a 32% increase when Q1 2022 advertisements revenue is adjusted for non-cash barter revenue. The revenue increase in the advertisements segment was driven by Anghami's leading freemium platform and Anghami's unique ability to leverage its wealth of user data, connections with artists, and technology to create highly engaging branded content. These accomplishments underscore the platform’s dedication to fostering sustainable growth and improving margins. As part of its ongoing commitment to increase the Average Revenue Per User (ARPU), Anghami plans to launch the Gold subscription plan in May 2023. This premium offering will feature innovative AI-generated services and several new features, and will coincide with the repricing of legacy telco plans to optimize revenue generation. Although the occurrence of the Holy month of Ramadan in Q1 2023 (which is usually characterized by slower business activity and much lower music consumption in the Middle East) affected certain revenue streams and growth prospects, particularly within the Live Events segment, Anghami's overall performance demonstrates its ability to surmount challenges and deliver significant business improvements. Eddy Maroun, Anghami CEO, remarked, "Our team's exceptional execution in the face of bottlenecks and currency devaluation has culminated in a highly efficient period. Building on Q1 2023’s strong performance, the momentum continues in April 2023 which already shows record growth in revenue in both Subscriptions and Advertisements segments." Elie Habib, Anghami Chairman & CTO, added, "We are eager to continue enhancing efficiency, delivering higher margins, and innovating with our upcoming Gold subscription plan, laying the foundation for a prosperous 2023." On May 16, 2023, Anghami submitted its annual report, including audited financials, for the fiscal year ended December 31, 2022, to the United States Securities and Exchange Commission (SEC) through Form 20-F. The complete annual report can be accessed on Anghami's website: https://www.anghami.com/investors. Continuing its commitment to enhancing margins, Anghami remains dedicated to leveraging the momentum gained from its focus on efficiency throughout 2023. Cautionary Statement Regarding Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely as predictions of future events. About Anghami Inc. The leading music streaming technology platform in the Arab world. To learn: https://anghami.com/investors *Source: AETOSWire

1 year ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (NASDAQ: ANGH), the leading streaming platform for music and entertainment in the Middle East and North Africa, has announced its unaudited preliminary results for the year 2022. Anghami recorded a robust financial performance in 2022, with total revenue of $48.1 million, reflecting an increase of 35.6% compared to 2021, despite an unfavorable impact of foreign currency exchange rates. Anghami also experienced a growth in its total paying subscribers, reaching 1.52 million subscribers, representing a 21% increase year-on-year. Additionally, the number of music streams increased by 20% compared to 2021, highlighting the strong demand for Anghami's content, especially with Arabic music representing 60% of Anghami’s streams. According to Eddy Maroun, CEO and co-founder: "Our ability to provide an exceptional user experience and to deliver the best music and entertainment content in the MENA region and beyond is reflected in our strong financial performance in 2022." Anghami's focus on efficiency and profitability in the second half of 2022 resulted in a significant improvement in gross margin across all business segments. Elie Habib, Chairman and co-founder, commented: "The unaudited gross profit margin from paid subscriptions and ad-supported users improved by 13 percentage points in H2 over H1 2022. Also, starting in May 2023, we plan to launch new services that leverage our unique user knowledge and our deep technology credentials." Anghami continues to grow as an entertainment platform, investing in consumer business, content creation, advertising and payment infrastructure. Anghami also has deep knowledge in customer conversion and has recently launched verticals such as Anghami Studios, a full fledge content production arm; Vibe Music Arabia, a Joint Venture with Sony Music; Spotlight Live, an events management business; and Anghami Lab, a music lounge with artist performances in Riyadh. Anghami aims to achieve profitability in 2023 by building on the momentum of efficiency, as reflected in its improvement in gross margins. Working with its auditor Grant Thornton, Anghami expects to release its audited full year 2022 financial results by April 15, 2023. Anghami will be presenting to select investors at the EFG Hermes investor conference “The 17th One-on-One Conference 2023” at Atlantis, The Palm Dubai on March 8, 2023. About Anghami Inc. The leading music streaming technology platform in the Middle East and North Africa, Anghami is the go-to destination for Arabic and international music, podcasts, and entertainment. To learn more about Anghami, please visit: https://anghami.com/investors *Source: AETOSWire

1 year ago - businesswire.com

RIYADH, KSA--(BUSINESS WIRE)--Anghami, the leading music and entertainment streaming platform in the Middle East and North Africa (MENA) region, has launched an innovative new entertainment venue in Riyadh with a totally unique concept: a lounge, stage and studio offering an epic blend of good vibes, live performances, and original music. A rooftop with a twist, Anghami Lab is a partnership between Anghami and Addmind, the region’s market leader in hospitality. Fusing Arabic and international music and cuisine, Anghami Lab will feature a trendy and buzzing lounge for socializing with friends as well as a stage for live music performances from the region’s top talents. It will also act as a platform for producers, artists, and music enthusiasts to co-create. The venue will also host hologram-based shows featuring timeless performances by the region’s top celebrities to add a whole new dimension to the experience. The expertly crafted menu offers unique Mediterranean flavors, and an exotic selection of mocktails and beverages served by world-class bartenders and mixologists, bringing the best of music and culinary talent under one first-of-its-kind creative rooftop. Eddy Maroun, Co-Founder and CEO of Anghami, says: “Our first real-world Anghami stage in Saudi Arabia underlines our commitment to delivering the best possible experiences for our ever-growing regional and international audiences. We hope our first-of-its-kind entertainment destination mirrors the unique experience Anghami fans get from the app. We believe Anghami Lab is a true reflection of the exciting, vibrant, and modern face of Riyadh.” “Bringing the Anghami music experience into the real world in one of the most beautiful spots on the city skyline is quite an exciting milestone which we’re thrilled to see come to life. This is just the beginning of our long-term plans with Anghami as we strongly believe in creating synergies between the online and the offline entertainment worlds,” adds Tony Habre, CEO of Addmind. According to Nada Al Tuwaijri, Co-Founder and CEO of Merwas: “Anghami Lab is a perfect partner for Merwas, which is the largest entertainment factory in the Arab world designed to enable and empower Saudi talents to leave a global imprint. Merwas - which is situated in Boulevard Riyadh City and is one of the 15 entertainment zones in Riyadh Season - boasts 22 international studios and state of the art facilities that will kick off growing Arab talents alongside Anghami Lab.” Ahmed AlRasheed, Managing Director of Anghami in Saudi Arabia, comments: “Anghami Lab brings a fresh and exciting addition to Riyadh’s burgeoning music scene, through which we aim to further help and support local talents, building on the momentum we have generated through our “Sound of Saudi” TikTok talent hunt. Not only is this a bright new venue for established and up-and-coming talents, but it also offers a tasteful menu and a world-class music recording facility, all behind Riyadh’s most rocking rooftop.” Anghami Lab blends Arabic and Western music, culture, and cuisine. As the sun sets, guests can enjoy oriental deep house, then a variety of live performances featuring mashups of Arabic and Western music. As the night draws to a close, the Lab’s resident and guest DJs will deliver Arabic Pop and International hits. In addition to exceptional music performances and a modern menu, the Lab also includes a fully-fledged recording studio. Occupying a 5,000 square meter space at Boulevard Riyadh City, Anghami Lab is part of one of 15 entertainment zones that feature the winter-long entertainment and sports festival, Riyadh Season. “The space combines style, class and comfort with entertainment technology, warm hospitality, and a definite feel-good vibe. We can’t wait to welcome everyone to our first real-world venue, in this breathtaking city hotspot,” adds Maroun. Riyadh’s new rooftop destination is now open. Join us for a one-of-a-kind experience. For more info and booking enquiries visit: http://anghamilab.com Download the app here: www.anghami.com About Anghami Inc. The first, most-established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and international music, podcasts, and entertainment. With an extensive ecosystem of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with, and featuring music from, major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network. Anghami is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA. It has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com Forward-looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s registration statement on Form F-4 (File No. 333-260234) filed with the U.S. Securities and Exchange Commission (the “SEC”), which was declared effective on December 16, 2021, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

1 year ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (NASDAQ: ANGH) (the “Company” or “Anghami”), the leading music and entertainment streaming platform in the Middle East and Africa region (“MENA”), reported today its preliminary unaudited results for Q3 2022 ended September 30, 2022. Subscription revenue in Q3 2022 increased 27% quarter-over-quarter, which is in line with Anghami's total revenue growth, which also increased 29% year-over-year from $24.5 million to $31.7 million. "I am proud to report that we grew our Q3 2022 gross profit by 13% quarter-over-quarter, driven by an 8% increase in ARPU. Given the impact of challenging macroeconomic conditions, we had to take some cost disciplinary measures to improve our bottom-line performance," said Eddy Maroun, CEO and co-founder of Anghami. Sustained focus on profitability required tough measures such as a 22% reduction in headcount and 19% savings in cloud computing costs - despite a 15% increase in music traffic in Q3 2022. This was made possible by the significant organizational and infrastructure investments the company has made in recent quarters, resulting in a more efficient and streamlined organization. Another highlight for Anghami was the launch of a global competition on TikTok called "Sound of Saudi," which celebrates the Kingdom's expanding music sector by inviting Saudis in the country and around the world to participate in the talent search. The show, which began on October 12, encouraged participants to showcase their skills as singers, composers, producers, mixers, or instrumentalists. Winners of the final round will have their original creations professionally produced and made available through Anghami. To date, the contest has received over 390 million views with 5 million engagements and over 25,000 entries. This initiative was strongly endorsed by the Saudi Music Commission. This is consistent with Anghami's commitment to nurture local talents and introduce more opportunities to the local artists. In fact, local artists focus have been an emphasis of “Spotlight Events”, which was acquired by Anghami earlier in 2022, and has achieved a 149% year-on-year increase in revenue in its first year as part of the Anghami Group with various concerts such as Beat the Heat in partnership with Dubai Tourism and Stars in the City with Abu Dhabi Tourism, and will hold more than 15 concerts in 2022, underlining Anghami’s ambitious new strategy. Pursuing the entertainment expansion blueprint, the first “Anghami Lab” Rooftop Lounge will open in Riyadh, Saudi Arabia on 18 November– as part of the Riyadh Season 2022 attractions located in the Riyadh Boulevard City entertainment hub of Merwas, the region's largest recording studios. Local talent will join Anghami producers to create music and perform on one of the city's hottest stages, while guests can enjoy a fine culinary experience with the signature of leading hospitality group Addmind. “Anghami Lab” comes full circle for Anghami to reinforce the entertainment strategy and provide more avenues to connect with the fans and artists alike. About Anghami Inc. As the first, and leading music streaming technology platform in the Middle East and North Africa region (“MENA”), Anghami is the go-to destination for Arabic and international music, podcasts, and entertainment. With an extensive ecosystem of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music streaming platform to digitize MENA’s music catalog. Today, Anghami has one of the largest music catalogs in MENA comprising 72 million songs and licensed content from leading Arabic labels, international labels, distributors, and independent artists, made available to 98 million registered users. Anghami has established 46 telco partnerships in MENA to facilitate customer acquisition and subscription payment, in parallel to building long-term relationships with, and featuring music from, major Arabic and international music labels including Rotana Music, Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network. Anghami is constantly increasing its content library by licensing and producing new and original content. Headquartered in Abu Dhabi in the UAE, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA. Anghami recently expanded its service into the US and Canada, with Europe in the pipeline. To learn more about Anghami, please visit: https://anghami.com Cautionary Statement Regarding Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “preliminary,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “continue,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 13, 2022, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. Preliminary Unaudited Results for the Q3 2022 The selected preliminary unaudited results and key performance indicators included herein are based on the Company's preliminary estimated results for Q3 2022 ended September 30, 2022 and are subject to revision based upon the completion of the Company's Q3 2022 financial closing processes and other developments that may arise prior to the time its financial results are finalized. The information is derived from preliminary reports which are subject to change in connection with the completion of the Company's normal closing procedures and such changes could be material. However, management believes these preliminary unaudited results and key performance indicators are reasonable. The Company's preliminary unaudited results and key performance indicators are forward-looking statements based solely on information available to the Company as of the date of this presentation and the Company's actual results may differ materially from these estimates. You should not place undue reliance on these estimates.

1 year ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (NASDAQ: ANGH) (the “Company” or “Anghami”), the leading music and entertainment streaming platform in the Middle East and Africa region (“MENA”), reported today its preliminary results for the first half of 2022 ended June 30, 2022. Total revenue grew 29% year-over-year to $21.1 million. The number of Monthly Paying Subscribers increased 41% year-over-year. This growth was primarily due to higher conversion rates of advertising-supported users to paying subscribers, as well as a higher number of Active Users, which increased 46% year-over-year to 19.5 million users, resulting in increased advertising and subscription revenues. Anghami recorded negative foreign currency effects of $3.5 million in revenue. Excluding these foreign currency effects and applying constant exchange rates year-over-year, revenue would have increased by more than 50% year-over-year. Arabic content is key to Anghami’s future growth. The Company has announced several partnerships and initiatives to bolster its position as a leading provider of Arabic digital content and digital entertainment in the MENA region. On February 24, 2022, Anghami announced an exclusive partnership with Egyptian artist Amr Diab, the global megastar of Arabic music and the most streamed artist on the Anghami platform, with close to 1.2 billion streams. This exclusive partnership brings the legendary singer’s entire audio and video catalog, as well as future releases, exclusively to the Anghami platform. On April 6, 2022, Anghami announced, a strategic partnership with Rotana Music, the Arab world’s leading music label and owner of the largest Arabic repertoire of unique content in music, media, entertainment, events, and content production. On June 21, 2022, Anghami announced that it renewed its marketing collaboration with its strategic partner MBC Group (“MBC”) based in Saudi Arabia, the largest media company in MENA. Under this strategic partnership, Anghami will be featured across MBC’s programming in the region, giving Anghami access to airtime across several top entertainment shows such as The Voice and Arab Idol, as well as MBC’s TV channels, radio stations, all of MBC’s major social media channels, and MBC’s Shahid platform, the world’s leading Arabic video streaming platform. On July 5, 2022, Anghami announced the acquisition of Spotlight Events, a leading live events company that specializes in creating and managing live events and concerts in the MENA region. As Anghami continues to develop into one of MENA’s leading digital entertainment platforms, offering the unique Spotlight live events product has accelerated Anghami’s inroads into the MENA entertainment scene. With a planned pipeline of more than 10 concerts this year, it could be a record year for Spotlight. On August 2, 2022, Anghami announced a partnership with WAJEEZ, the leading Arabic subscription service for reading and listening to more than 3,500 audiobook summaries of Arabic books and translated international bestsellers. Under this partnership, WAJEEZ's high-quality, curated Arabic short-form content will be available on Anghami in the form of 15-minute audiobook summaries to provide more options for digital Arabic content to Anghami's growing Arabic audience. Propelled by Anghami’s strategic investments in Arabic content including, Amr Diab’s exclusive content, Rotana’s vast Arabic content repertoire, and WAJEEZ’s Arabic audible book library, the total number of music streams on the Anghami platform reached an all-time high in the first half of 2022, with Arabic music streams now accounting for nearly 60% of total music streams - a 20% year-over-year increase. Eddy Maroun, Co-founder, and Chief Executive Officer of Anghami, said, "The first half results should lead to a record year for Anghami in 2022. We continue to listen to the needs of our loyal users by expanding our local Arabic content and improving our technology-enabled digital streaming platform. These are the key drivers that will maintain Anghami’s leadership position in the Arabic music streaming market and make Anghami one of the leading digital entertainment platforms in the MENA region.” F. Jacob Cherian, Co-Chief Executive Officer of Anghami, commented, "Anghami remains committed to launching more innovative offerings, expanding its global reach and delivering value to customers through best-in-class content and innovative new features. We are confident that this positive trajectory will continue through 2022 as we benefit from our growing partnerships and offerings." About Anghami Inc. As the first, and leading music streaming technology platform in the Middle East and North Africa region (“MENA”), Anghami is the go-to destination for Arabic and international music, podcasts, and entertainment. With an extensive ecosystem of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music streaming platform to digitize MENA’s music catalog. Today, Anghami has one of the largest music catalogs in MENA comprising 72 million songs and licensed content from leading Arabic labels, international labels, distributors, and independent artists, made available to 98 million registered users. Anghami has established 46 telco partnerships in MENA to facilitate customer acquisition and subscription payment, in parallel to building long-term relationships with, and featuring music from, major Arabic and international music labels including Rotana Music, Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network. Anghami is constantly increasing its content library by licensing and producing new and original content. Headquartered in Abu Dhabi in the UAE, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA. Anghami recently expanded its service into the US and Canada, with Europe in the pipeline. To learn more about Anghami, please visit: https://anghami.com Cautionary Statement Regarding Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “preliminary,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “continue,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 13, 2022, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. Preliminary Unaudited Results for the First Half of 2022 The selected preliminary unaudited results and key performance indicators included herein are based on the Company's preliminary estimated results for the first half of 2022 ended June 30, 2022, and are subject to revision based upon the completion of the Company's first-half 2022 financial closing processes and other developments that may arise prior to the time its financial results are finalized. The information is derived from preliminary reports which are subject to change in connection with the completion of the Company's normal closing procedures and such changes could be material. However, management believes these preliminary unaudited results and key performance indicators are reasonable. The Company's preliminary unaudited results and key performance indicators are forward-looking statements based solely on information available to the Company as of the date of this presentation and the Company's actual results may differ materially from these estimates. You should not place undue reliance on these estimates. 1 Active Users are users who used Anghami at least once over a rolling 3-month period. 2 Monthly Paying Subscribers (excluding daily subscribers and excluding trials), based on last month of period.

2 years ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (“Anghami”) (NASDAQ: ANGH), the leading music and entertainment streaming platform in the Middle East and North Africa (MENA), has announced the acquisition of Spotlight Events, an events and concert company specialized in managing and executing live events and concerts in the region. The partnership will see Spotlight Events become Anghami's arm for live events and concerts, including offline activities and activations to further expand Anghami's footprint in the music and entertainment ecosystem while unlocking synergies and opportunities between the physical and digital worlds. While Spotlight Events will provide a stage for artists to perform and reach their audiences offline, Anghami's technology will bridge the gap between the offline and online worlds by providing access to exclusive concerts through its live video streaming capabilities and creating immersive experiences through AR and VR. The strategic partnership will enable Anghami to unlock opportunities between artists and brands, enriching music fans' experiences with exclusive access to private concerts, VIP lounges, meet & greets and backstage access, in addition to attending concerts either offline or streamed through their devices. Traditional and virtual concerts will be accessible either through tickets or sponsored by brands. Eddy Maroun, Co-founder and CEO of Anghami commented: “Our vision is to expand from music streaming to a fully integrated entertainment platform that meets our goal of building our own unique category that no other provider can compete with. This partnership will allow us to deliver unique experiences to our users while giving artists a stage to perform and reach their fans physically and virtually. Spotlight and Anghami Lab are among a number of initiatives we plan to develop as new business extensions to accelerate our growth and improve our margins while widening the gap with our competitors. Maher has built a great business on solid economics and has proven that live concerts and events are a scalable and profitable business.” Spotlight Events has recently confirmed its program of upcoming concerts and events in Dubai, Abu Dhabi, Paris, Cairo and Riyadh, including "Beat the Heat", a 7-concert festival organized in collaboration with the Department of Tourism and Commerce Marketing - Dubai (DTCM). Also in Abu Dhabi, 6 concerts are planned for the rest of the year, to be announced at a later date. Also on the schedule is the much anticipated live concert by the Arab superstar Wael Kfoury in Paris. Spotlight will also be executing all of Anghami's events, including "Amr Diab Live" and other major surprises to be unveiled soon. Maher Khawkhaji, Founder and CEO of Spotlight added: “Anghami is the largest music platform in the MENA region with an incredible number of users and a unique network of partnerships that, once connected to Spotlight, will open doors to amazing opportunities. Our offline expertise, complemented by Anghami's reach, data and technical capabilities, is the perfect recipe for success. We look forward to being part of this dynamic team and unleashing the incredible potential to bring the best to music fans, artists and brands and take entertainment to the next level.” The announcement follows Anghami's recent IPO on Nasdaq as the first Arab tech company to list on the U.S. stock market and the unveiling of an all-new brand identity to support the next phase of growth for the company, which is evolving from a music streaming platform to an entertainment platform. About Anghami Inc. The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive eco-system of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ Telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with and featuring music from major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA and has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com About Spotlight Events: Started in December 2005 as a fully integrated Events Management company. With its head office in Dubai & 6 affiliate offices in Jordan, Lebanon, Egypt, Tunisia & Morocco covering GCC, Lower Gulf & North Africa. We are a multi-cultural team which allows us to better understand the nature of our clients and artists and characteristics of each market to apply the best method in order to put the artist or brand under the right spotlight. Our goal is to always innovate and come up with creative ideas complemented with proper execution that will deliver the best results for our artists and clients. To learn more about Spotlight events, please visit: https://spotlightrs.com Forward-looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s registration statement on Form F-4 (File No. 333-260234) filed with the U.S. Securities and Exchange Commission (the “SEC”), which was declared effective on December 16, 2021, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

2 years ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--MBC GROUP, the largest and leading media company in the Middle East and North Africa (MENA), has set a new dimension for the marketing collaboration with Anghami Inc. (NASDAQ: ANGH), the region’s leading music and entertainment streaming platform, and renewed its marketing agreement. This strategic partnership will feature Anghami across MBC GROUP’s programming in the region, with a view to giving the platform access to airtime across various popular and key-market segment entertainment shows such as The Voice and Arab Idol, as well as MBC’s TV channels, radio stations, its content streaming platform Shahid - the world’s leading Arabic streaming platform - and all major social channels. Commenting on the new phase of the long-term partnership with Anghami, Fadel Zahreddine, Group Director of Emerging Media at MBC GROUP said: “After nearly a decade of a successful partnership, we continue to create new opportunities for rising music talent, and we continue to inspire upcoming musicians by encouraging platforms like Anghami to give them the creative space to publish their premium music content.” Underpinning Anghami’s commitment to growing its global reach and cement its foothold in the MENA region, the partnership marks an expanded deal between both parties to bridge the gap between digital and traditional entertainment. "This strategic announcement clearly demonstrates among industry titan's such as MBC GROUP the continued and growing confidence in Anghami and in our ability to provide an unparalleled experience to our users. Together with MBC GROUP, we are excited to strengthen our position as the leading music and entertainment streaming platform and will continue to leverage the power of our strategic partnerships to widen our reach in the Kingdom of Saudi Arabia and beyond,” said Eddy Maroun, Co-Founder and CEO of Anghami. Stay tuned for more exciting updates from Anghami. For more information and to subscribe to Anghami Plus, go to www.anghami.com. About Anghami Inc. The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive eco-system of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ Telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with and featuring music from major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA and has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com About MBC GROUP: MBC GROUP is the largest and leading media company in the Middle East & North Africa region that enriches people’s lives through information, interaction and entertainment. In 2002, nearly a decade after the launch of MBC1 in London, in 1991, MBC GROUP moved its headquarters to Dubai Media City, United Arab Emirates. Today, MBC GROUP includes over 17 leading TV channels: MBC1 (general family entertainment); MBC2 & MBC MAX (24-hour western movies); MBC3 (children’s edutainment with a mix of both local productions and western acquisitions); MBC4 (entertainment for young families with a female-focus); MBC ACTION (an indigenous adrenaline-packed channel targeting young males with local and homegrown productions); MBC VARIETY (Western films and general entertainment with uninterrupted broadcasting); MBC DRAMA (24/7 Arabic drama) & MBC+ DRAMA (a joint pay-TV channel between MBC and OSN); MBC PERSIA (general family entertainment dubbed and subtitled in Farsi); WANASAH (24-hour Arabic music channel); MBC MASR & MBC MASR2 (general family entertainment geared towards the Egyptian family); MBC BOLLYWOOD (delivering the freshest in Bollywood content geared towards the region via an Arabized interface); MBC USA (on “Dish Network” in the US); MBC IRAQ (a premium channel aimed at the entire Iraqi family), MBC5 (new satellite channel dedicated to the Maghreb); all of them benefit from MBC STUDIOS which produces the region’s most compelling premium content for cinema, television and on-demand platforms. MBC GROUP also includes two FM radio stations: MBC FM (Gulf music) and Panorama FM (contemporary Arabic hit music). Furthermore, part of MBC GROUP is Shahid and its premium subscription-based service Shahid VIP, the world’s leading Arabic streaming platform, home to highly rated original productions from the Arab world, a wide range of exclusive movies and premieres, as well as the top watched live Arab TV channels. Forward-looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s registration statement on Form F-4 (File No. 333-260234) filed with the U.S. Securities and Exchange Commission (the “SEC”), which was declared effective on December 16, 2021, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

2 years ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Volkswagen Middle East has partnered with music streaming platform Anghami (NASDAQ:ANGH) to promote safe driving using Anghami’s Auto Car Mode, a unique User Interface (UI). According to research by Anghami, over 60 million songs are listened to by people while driving each month. To ensure drivers remain safe on the road while using the music platform, Anghami’s Auto Car Mode UI makes buttons bigger and clearer resulting in less distractions for people while driving. Volkswagen will be the exclusive mobility partner and sponsor for the Auto Car Mode. The collaboration between the two brands comes after the successful campaign by Volkswagen in 2021, where the brands created a calming playlist to promote safer driving. Elie Habib, co-founder and CTO of Anghami said, “Driving is a daily routine for many of us, and our users, and to ensure our audience remains safe while driving, we have launched the Auto Car Mode feature, which Volkswagen has partnered with. The feature makes a few changes to the interface bringing larger buttons that are easier to tap on while drivers are busy looking at the road.” “Safety is and will always be a top priority for Volkswagen. As an automotive brand it is our responsibility to make drivers aware of the importance of safe driving by helping them adopt safer habits. We are pleased to partner with Anghami’s Auto Car Mode feature as we strive to achieve safer roads in the Middle East,” added Anja Petrovski, Marketing & PR Director of Volkswagen Middle East. The Auto Car Mode is a year-long partnership between Anghami and Volkswagen. In recent news, Anghami reported its advertising revenues touched $9.8m, with the advertising gross margin growing from 38 per cent in 2020 to 53 per cent in 2021. About Anghami Inc. The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive eco-system of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ Telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with and featuring music from major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA and has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com Forward-looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s registration statement on Form F-4 (File No. 333-260234) filed with the U.S. Securities and Exchange Commission (the “SEC”), which was declared effective on December 16, 2021, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

2 years ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (Nasdaq: ANGH) (the “Company” or “Anghami”) today announced that it has filed its annual report on Form 20-F (the “Form 20-F”) for the year ended December 31, 2021, with the U.S. Securities and Exchange Commission on Friday, May 13, 2022. The Form 20-F can be accessed by visiting either the SEC's website at www.sec.gov or the Company's website at https://www.anghami.com/investors. In addition, the Company’s stockholders and warrant holders may receive a hard copy of the Form 20-F, which includes the Company’s complete audited financial statements, free of charge by requesting a copy from the Company’s Investor Relations department at [email protected] For the year ended December 31, 2021, Anghami's paid subscribers increased to 1.4 million, driven by improved customer retention, the introduction of new subscription plans and smart billing enhancements. Subscription revenue also increased due to a focus on monthly subscriptions1, which grew by 47% year-over-year to 1.2 million users in 2021. Ad-Supported revenues for the year ended December 31, 2021, increased as brands restarted investment in advertising after the pandemic, which resulted in a 70% growth in ad revenue year-over-year, driven by an increase in bespoke branded content production, content promotion and in-house productions. Growing partnerships and exclusive content: Accelerating support for the Arab artist community and delivering unique interactive user experiences. Anghami has expanded its partnerships with telecom operators across the region from 35 to 41 as of December 2021 to offer its market leading music services to a larger audience. In 2021, Anghami also partnered with Amazon Prime to offer its services to Prime members in the UAE and Saudi Arabia — and with Amazon Alexa to create an enhanced interactive experience for Amazon Echo device users. To this end, an integration with Amazon has been developed to provide users in the UAE and Saudi Arabia with a seamless, innovative experience in Arabic and English. Exclusive offerings and originals: to further differentiate and reward its users, Anghami announced a strategic, exclusive, multi-year partnership with global megastar and most streamed middle eastern artist Amr Diab during February 2022 — as an exclusive platform for his past and upcoming music and video releases, in addition to other exclusive benefits. By March 2022, Amr Diab had recorded a 21% increase in the streaming market share on Anghami. Rotana: In April 2022, the company announced the return of Rotana Music, the world's largest Arabic music label, which also represents the largest group of artists from the GCC2, after almost three years of Rotana's absence from the Anghami platform. This has strengthened our position as the region’s leading music streaming platform, resulting in higher user engagement and a 17% improvement in Anghami's Day 1 retention in the first week after Eid3. The Rotana Library also supports the growth of the platform, especially in the key Saudi Arabian market where Rotana's artist concentration is high, user interest is high, and we believe is expected to create more B2B opportunities. Podcasts: Daily podcast users grew 77% in 2021 compared to 2020, driven by improvements to the product that enhances Anghami’s understanding of user behavior through more user engagement. Moreover, the podcast offering improved after Anghami partnered with multiple podcast networks and created its own podcast shows. This resulted in a 20% year-over-year growth in Anghami’s user consumption of non-music content, further highlighting the growth potential of the podcast segment & product. Vibe Music Arabia: In late 2021, Anghami launched Vibe Music Arabia — a joint venture label with Sony Music Middle East that will invest in independent and emerging Arab artists in the GCC, Levant and Saudi Arabia to create modern Arabic music with greater global appeal. Moreover, Anghami has expanded its in-house production capabilities to create a larger pipeline of exclusive Anghami Originals and Anghami sessions, providing trendy local artists with wider reach and enhanced exposure. Preliminary Unaudited Numbers Results for Q1 2022 Preliminary unaudited total revenue for the first quarter of 2022 of $9.3 million, an increase of 23% year-over-year compared to the Q2 2021. Subscription revenue increased 26% year-over-year to $7.3 million in Q1 2022, with ARPU increasing 10% to $1.87 - and telco partnerships expanded to 45 telcos by March 2022. The total number of active users increased by 20% year-over-year to 18.5 million in Q1 2022. The growth of users was driven by increased localization, namely in Arabic and original content, an improved recommendation engine, unique social features and special activations in several countries. Leveraging data and analytics to improve user experience: Anghami's algorithms have continued to improve, resulting in a 7% increase in monthly user engagement, as well as a 9% year-over-year increase in median weekly streaming time reaching 82 minutes per day. On the social front, user interaction increased by 50% during the same period. New brand identity: In the first quarter of 2022, Anghami unveiled a completely new brand identity to support the next phase of growth. Anghami's new brand positioning is underpinned by a new logo and visual identity, which consists of four colored lines representing a "traveling voice" that carries Anghami’s message to the world. The lines bring to life the voices of the many Arab creators and storytellers who share their voices on Anghami and are an invitation to people around the world to enjoy, create with, and celebrate Arab culture. Live Radio: In May 2021, Anghami launched Live Radio, an innovative real-time music and audio experience that allows users to tune in, listen to music together, and interact in real-time. In Q1 2022, the Mic feature4 was introduced for all premium users, allowing them to create radio channels, to share discussions, music and more resulting in usage averaging 1 hour 5 minutes per day per active live radio user. Dish Networks : In January 2022, as part of our commitment to capitalize on a major opportunity in the Arab Diaspora and expand our user base beyond the MENA region, we launched a partnership between Anghami and SLING to provide subscribers with special access and tailored offers for premium paid content, bringing Arab consumers the ultimate Arabic music and TV entertainment experience in the U.S., as well as opening Anghami as a freemium offering for the first time outside the Middle East and North Africa. Arabic only: Anghami launched an Arabic-only tariff for the first time, which currently has more than 35,000 subscribers and targets the mid- to-low price segment in Egypt, with an affordable tariff that can be deployed in other low ARPU markets — supported by marketing from mobile operators. Ramadan: Just in time for Ramadan5 2022, Anghami launched "Live Ramadan with Anghami," a customized experience with a mix of spiritual, meditative and entertainment content - with special live broadcasts from content creators from partner networks on topics such as spiritual health, entertainment and sports. This campaign helped increase customer retention by 30% compared to previous years. TOD/BeIN: Anghami partnered with TOD (www.tod.tv) from beIN6 to stream world class sports audio content starting in Ramadan to capitalize in the run up to the FIFA World Cup Qatar 2022. Hardware partnerships: In line with our goal to be where our customers spend more time with Anghami, we've partnered with LG TV in 17 countries across the MENA region, where Anghami will feature prominently on the smart TV launcher. Also, for the first time, there's an Anghami app for Fitbit watches with a special promotion in the United Arab Emirates and Saudi Arabia. Anghami Lab: In August 2021, Anghami announced a joint venture with Addmind (www.addmind.com), a leading hospitality group in the MENA region. We expect to launch in Q3 2022 Anghami Lab, a music venue, lounge and studio — our first of many locations starting in Riyadh Saudi Arabia, where music creators can experiment by collaboratively creating music inspired by Arab and international cultures to be performed at the venue. Eddy Maroun, Co-founder, and Chief Executive Officer of Anghami, said, "2021 was a very special year for us, with many significant milestones leading up to our listing on NASDAQ paving the way to achieve our growth goals that started to flourish in Q1 2022. In terms of partnerships, our exclusive deals with artists such as megastar Amr Diab, Original content and our label initiative Vibe Music Arabia with Sony Music, Amazon Prime & Alexa, TOD/BeIN and our renewed partnership with Rotana Music have strengthened our ability to provide an unparalleled experience to our users, with the largest Arabic content offering on top of the world’s repertoire. This is in line with our goal to expand the Arabic culture through content and technology. As we grow further towards being an entertainment platform, we are working to bring innovative concepts like Anghami Lab to life – to be the first immersive experience of its kind, connecting the online and offline worlds and bridging the gap between digital and traditional entertainment while supporting local creator communities." F. Jacob Cherian, Co-Chief Executive Officer of Anghami, commented, "Anghami has met many expectations in the run-up to its Nasdaq listing and remains committed to launching more innovative offerings, expanding its global reach and delivering value to customers through best-in-class content and innovative new features. We are confident that this positive development will continue through 2022 as we benefit from our growing partnerships and offerings.” SUMMARY USER STATISTICS AND FINANCIAL METRICS7 USER STATISTICS FY 2020 FY 2021 YoY (%) Q1 2021 Q1 2022 YoY (%) Premium Subscribers8 1,416,521 1,439,480 2% 1,344,122 1,512,313 13% Monthly Paying Subscribers9 797,984 1,173,127 47% 870,124 1,240,852 43% ARPU10 $1.85 $1.92 4% $1.70 $1.87 10% FINANCIAL METRICS Revenue ($USD) FY 2020 FY 2021 YoY (%) Q1 2021 Q1 2022 YoY (%) Subscription Revenue $24,715,271 $25,664,145 4% $5,826,621 $7,326,625 26% Ad-Supported Revenue $5,803,085 $9,840,247 70% $1,766,187 $1,988,047 13% Total Revenue $30,518,356 $35,504,392 16% $7,592,808 $9,314,672 23% About Anghami Inc. The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive ecosystem of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ Telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with and featuring music from major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA and has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base. Cautionary Statement Regarding Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “preliminary,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “continue,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 13, 2022, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. Preliminary Unaudited Results for the Quarter Ended March 31, 2022 The selected preliminary unaudited results and key performance indicators included herein are based on the Company's preliminary estimated results for the quarter ended March 31, 2022 and are subject to revision based upon the completion of the Company's quarter-end financial closing processes and other developments that may arise prior to the time its financial results are finalized. The information is derived from preliminary reports which are subject to change in connection with the completion of the Company's normal closing procedures and such changes could be material. However, management believes these preliminary unaudited results and key performance indicators are reasonable. The Company's preliminary unaudited results and key performance indicators are forward-looking statements based solely on information available to the Company as of the date of this presentation and the Company's actual results may differ materially from these estimates. You should not place undue reliance on these estimates. _______________________________ 1 Anghami offers multiple premium subscription plans (daily, weekly, monthly, quarterly and yearly). These subscription numbers do not include trials. 2 The GCC or Gulf Cooperation Council, is an economic union that consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. 3 Eid or Eid al-Fitr is the one of two official holidays celebrated by Muslims worldwide marking the end of the month-long dawn-to-sunset fasting of Ramadan. 4 Mic feature or Microphone feature allows any live radio host to talk like a real radio host over the music. 5 Ramadan a month observed by Muslims worldwide as a month of fasting, prayer, reflection and community 6 beIN is a global network of sports tv & media channels, that has played a major role in the increased commercialization of sports in the MENA region and carries most football & World Cup events in the region. 7 Certain monetary amounts, percentages, and other figures included have been subject to rounding adjustments. 8 Premium Subscribers including trials, based on the last month of period. 9 Monthly Paying Subscribers are Premium Subscribers (excluding daily subscribers and excluding trials), based on last month of period. 10 ARPU in $USD is the monthly revenue from Premium Subscribers (excluding trials), based on an average for the period.

2 years ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (“Anghami”) (NASDAQ: ANGH), the leading music and entertainment streaming platform in the Middle East and North Africa (MENA), and TOD, the pioneering new digital platform in MENA, have announced a strategic partnership that will see a curated selection of TOD’s sports and entertainment programming available on Anghami starting this holy month of Ramadan. Unveiled earlier this month, TOD, a subscription based over-the-top (OTT) platform, offers more than 10,000 hours of premium entertainment and sports content including blockbusters, top Arabic, Turkish, international, and children’s programming, together with a range of outstanding new TOD Originals. TOD also exclusively houses all beIN Sports content, the leading sports broadcaster in the region. This strategic move, which aims to further diversify Anghami’s vast selection of content and enrich its user experience, will give fans the opportunity to enjoy exclusive beIN Sports audio content on Anghami. This will include major football league games roundups as well as daily live updates and interviews with premier footballers. Anghami subscribers will also receive a one-month package to TOD Entertainment where they will have access to all the platform’s world class content. “Our goal is a simple one; to provide users around the world with the very best content. Through our partnership with TOD, we are introducing world-class sports to our expansive collection of music and podcasts to enrich the overall experience and attract new audiences. But this is just the start of our collaboration. Anghami and TOD share many synergies that we want to capitalise on in the coming months, especially in the run up to the FIFA World Cup Qatar 2022,” said Choucri Khairallah, Vice President of Business Development at Anghami. “We will continue to explore strategic partnerships and opportunities to engage our audiences in music, entertainment and sports,” he added. The announcement comes just weeks after Anghami, the first Arab tech company to float on the US stock exchange, unveiled an all-new brand identity to support its next phase of growth. Earlier this month, Anghami also signed a multi-year deal with global Arab megastar Amr Diab to be the only platform to stream his entire own label catalogue and future releases. Stay tuned for more exciting updates from Anghami. In the meantime, to find out more about the new TOD partnership and to subscribe to Anghami Plus, go to www.anghami.com. For more information on TOD, check out www.tod.tv. About Anghami Inc. The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive eco-system of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ Telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with and featuring music from major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA and has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com About TOD TOD is a subscription-based over-the-top (OTT) platform which delivers its subscribers exclusive access to unrivalled live beIN SPORTS content, along with more than 10,000 hours of premium entertainment content. A family-friendly and personalised platform, TOD offers the best blockbusters and top Arabic, Turkish, and international content, as well as children’s programming. The platform also holds a range of new original content productions through TOD Originals. Built around current customer needs, TOD incorporates the latest technologies to provide an integrated and personalised experience that enhances live viewing, content navigation and accessibility; a game changing premium experience. For more information on TOD, please visit www.tod.tv or contact [email protected]. Forward-looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s registration statement on Form F-4 (File No. 333-260234) filed with the U.S. Securities and Exchange Commission (the “SEC”), which was declared effective on December 16, 2021, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

2 years ago - businesswire.com

RIYADH, Saudi Arabia--(BUSINESS WIRE)--Rotana Music Holding, the Arab World’s leading independent record label and largest repertoire owner of Arabic music, media, entertainment, events, and content producer and distributor in the MENA region and GCC, has signed a strategic partnership with Anghami Inc. (“Anghami”) (NASDAQ: ANGH), the leading music and entertainment streaming platform in the Middle East and North Africa (MENA), to distribute its extensive collection of original music audio and video content on Anghami. Rotana Music is the leading Arabic media, entertainment, events, content producer and distributor in the MENA region and GCC with some of the most prominent and beloved Arab artists in its portfolio, including Mohammad Abdo, Abdul Majeed Abdullah, Rashid Al Majid, Abdullah Al Ruwaished, Majed Al Mohandes, Rabeh Saqr, Nawal Al Kuwaitiya, Ahlam, in addition to Amr Diab, Assala, Elissa, Tamer Hosni, Najwa Karam, Sherine Abdel Wahab, Angham, Wael Kfoury, Saber Al-Rubai and others from the Levant, Egypt and North Africa. Rotana is the Arab world’s leading company in producing and distributing music content to all digital platforms (visual, audio and written). It is also the largest producer of video clips in the Arab world. Emphasizing Anghami’s commitment to providing exclusive and original content to its 75 million users and to carrying the voice of Arabs and projecting it onto the global stage, the deal marks a reunion between the two entities with Rotana one of Anghami’s key partners when it launched in 2012. Concluded in Riyadh between Mr. Salem Al Hindi, CEO of Rotana Music Holding and Eddy Maroun, Anghami’s Co-founder and CEO, the deal will give music fans access to a massive catalogue of original hits on Anghami at no charge. Commenting on the agreement, Mr. Salem Al Hindi, CEO of Rotana Music Holding, said: "We are thrilled to commence this partnership with Anghami, which will also strengthen the relationship between Rotana and its artists. We are confident that this collaboration will expand the business even further with the purpose of reaching Rotana music fans across the world.” “We are delighted to welcome Rotana to Anghami,” said Eddy Maroun, Co-Founder and CEO of Anghami. “This partnership represents a major addition to our already unrivaled selection of Arabic music and will give Rotana’s portfolio of artists and outstanding Arab talent a powerful platform to share their voice with the world. There is no better way to celebrate Anghami’s tenth year and next chapter, than expanding our library of 72 million songs to include Rotana’s authentic Arabic content and rewarding fans with a wealth of original tracks.” Established in 1993, Rotana Music Holding is the largest record label and music repertoire holder in the Arab world, with Saudi legend Mohammad Abdo and seven of Forbes Middle East’s Top 10 Arab Singers within its portfolio. The partnership comes just weeks after Anghami, the first Arab tech company to float on the US stock exchange, unveiled an all-new brand identity to support its next phase of growth. Earlier this month, Anghami also signed a multi-year deal with global Arab megastar Amr Diab to be the only platform to stream his entire label’s catalogue and future releases. Users now can also enjoy Amr Diab’s audio and video content produced by Rotana on Anghami. Stay tuned for more exciting updates from Anghami. For more information and to subscribe to Anghami Plus, go to www.anghami.com. About Rotana Music Holding. Established in 1993 as a record label, fully owned by His Royal Highness Prince Alwaleed Bin Talal, Chairman of the Board. Rotana has become the leading Arabic media, entertainment producer and distributor in the GCC, the MENA region and the world. Rotana’s portfolio includes many of the most prominent and beloved top artists singers in Saudi Arabia and the Gulf region, in addition to the countries of the Levant, Egypt and North Africa. Rotana has become a media empire and is the only company in the Arab world that produces, distributes and broadcasts its productions through its satellite channels and digital platforms and on its Arabic radio stations and social networking sites, which enables it to reach about 500 million viewers and listeners from all over the world. Rotana owns the largest music library and covers the most important Arab festivals in various countries. The company is headquartered in Riyadh, Saudi Arabia, with its branches in Jeddah, Dubai, Kuwait, Lebanon, and Cairo. Rotana consists of an extensive professional large team in managing and organizing the artists, festivals and events that are held and organized at the highest quality. For additional information about Rotana, please follow @RotanaMusic and @RotanaLive on all social media platforms in addition to Rotana’s YouTube page. About Anghami Inc. The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive eco-system of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ Telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with and featuring music from major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA and has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com Forward-looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s registration statement on Form F-4 (File No. 333-260234) filed with the U.S. Securities and Exchange Commission (the “SEC”), which was declared effective on December 16, 2021, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

2 years ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Anghami Inc. (“Anghami”) (NASDAQ: ANGH), the leading music streaming and entertainment platform in the Middle East and North Africa (MENA) region, has unveiled an all-new brand identity to support its next phase of growth. Marking an exciting new era for the brand, the new identity dropped on March 3rd across digital, social, app stores and the Anghami platform. At the heart of this is its mission to empower Arab youth everywhere to create and connect with the world, carrying the voice of Arabs and projecting it onto the global stage – a galvanizing message that is summed up in a new creative campaign that will run in Egypt and the GCC, including KSA and the UAE. With its selling line “Share your voice, the world is listening”, the campaign brings to life the notion that Anghami users and artists are global citizens who are proudly Arabic and ready to make some noise. The core message behind its new positioning is simple: everyone has a voice, each unique and impossible to copy. Some voices are louder than others – more established with millions of followers and listeners – while some are just starting out. Anghami is here to make these voices heard, whether that’s through playlists, starting your own radio station or simply liking a podcast. Underpinning Anghami’s vibrant new positioning is a new logo and visual identity, which have been created from four colorful lines representing a ‘travelling voice’ flowing and sharing its message with the world. The lines bring to life the voices of the many Arab creators and storytellers that are sharing their voice on Anghami and act as an invitation to people everywhere to enjoy Arab culture, to create with it, and to celebrate it. Elie Habib, Co-Founder and Chief Technology Officer of Anghami, commented: “An identity is more than mere symbols... it is about the sounds we create in our community. With our new logo, colour scheme, typeface, and tagline, we our aiming to lead an evolution in how Arab youth connects with the world. Today, more than ever, we are ready to serve young Arab talent and help them to make more noise, because the world is listening." Commenting on the new logo, Anghami’s Head of Creative Rana Najjar said: “The flowing lines symbolize the wealth of creative Arabs who are out there painting a beautiful image of our Arab world and want to make some noise.” The new positioning, visual identity and logo were developed by London-based agency BigSmall in collaboration with Anghami’s in-house team – reflecting its unique position as a local brand that has gone global – the new identity was officially revealed at an exclusive party in Dubai with special guest Amr Diab. Anghami recent signed a multi-year deal with the global Arab megastar to be the only platform to stream his entire own label catalogue and future releases. To celebrate its rebrand and first partnership as a publicly listed company, the new identity was launched with a spectacular projection of its new logo and an image of Amr Diab on the world’s tallest building, the Burj Khalifa in Dubai. Nearly a decade since its formation in 2012, Anghami has built a catalog of 72 million Arabic and international songs and podcasts, making it the market leader for streaming in the region with a 58% market share. With the launch of its new identity, Anghami aims to grow its global reach and add more value to customers through the best content and innovative new features. In celebration of its new positioning, Anghami is empowering users to share their voices by making the microphone feature available to all Anghami Plus members. Everyone will be now able to host their own Live Radio to discuss a subject of their choice or simply unleash the DJ within. “Users across the region have been waiting for the microphone feature in Live Radio. Today, they can all share their voice, and we can’t wait to see the content they will generate,” added Mohammed Ogaily, Anghami’s VP Product. To find out more and to check out Anghami’s new identity, go to www.anghami.com. To listen to its extensive collection of Arabic and international content, including Amr Diab’s entire Nay Label audio and video catalog and all upcoming releases for free, download the Anghami app now. About Anghami Inc. The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive eco-system of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ Telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with and featuring music from major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA and has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com Forward-looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s registration statement on Form F-4 (File No. 333-260234) filed with the U.S. Securities and Exchange Commission (the “SEC”), which was declared effective on December 16, 2021, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

2 years ago - businesswire.com

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Amr Diab, the Global Arab megastar and all-time best-selling Middle Eastern artist, is moving exclusively to Anghami. Anghami Inc. (“Anghami”) (NASDAQ: ANGH) the leading music streaming and entertainment platform in the Middle East and North Africa (MENA), announced today an exclusive partnership that will see the legendary Arab singer’s entire Nay Label audio and video catalog and future releases available only on Anghami. Amr Diab, the most streamed Arab singer across the world, is Anghami’s #1 artist, with close to 1 billion streams. This strategic move, which aims to further differentiate Anghami’s vast selection of music and podcasts, will now allow fans to enjoy Amr Diab’s extensive collection of own label hits as well as future albums and music videos, exclusively on Anghami, at no charge. The announcement comes just weeks after Anghami’s historic listing on the US Nasdaq Stock Market, in which Anghami became the first Arab tech company to become a publicly traded company. With the acquisition of Nay’s existing repertoire, as well as all of Amr Diab’s upcoming releases, Anghami will strengthen its position as the ultimate destination for lovers of the megastar’s unique composing style and melodic voice – attributes that have taken him to the top of the charts and made him one of the only Arab artists to reach international fame, with his hits performed and loved all around the world. The deal marks the start of a long and strategic partnership between both parties. “I am very excited about this new venture, which will allow me to better connect with my fans and reach new music lovers around the world. I chose Anghami because it’s a local platform that has made it internationally and is proudly showcasing Arab culture to the world. I share Anghami’s vision in developing strong local talent and making their voice heard globally,” said Amr Diab. “This partnership doesn’t stop here – it is the beginning of a much bigger strategic collaboration with Anghami; together we will make some noise!” continues Amr Diab. “Anghami provides its users with an extensive ecosystem of music, videos, podcasts, events and more – it also empowers creators to curate and share their voice with the world. We feel both privileged and honored to partner up with the one and only global Arab megastar Amr Diab and reward fans with his wealth of own label and future music, now available exclusively on Anghami. We are committed to providing the best and unique experience to our users and to supporting the local creator community to unlock its full potential, allowing Arabic content to reach the world,” said Eddy Maroun, Co-Founder and Chief Executive Officer of Anghami. “We will continue to invest in original and exclusive content,” he added. “We want to provide our users around the world with the best content, and, in addition to offering all international music and podcasts, we are committed to leading on Arabic content and taking it to the global stage. Signing a multi-year exclusive license agreement with the top Arabic star is only the beginning of our commitment. Amr Diab’s audio and video content will not be accessible on any other streaming platform, and will be made available only for Anghami users for free,” said Mary Ghobrial, Anghami’s Chief Strategy and Operations Officer. Amr Diab has achieved wide acclaim by creating a unique style that has been termed ‘Mediterranean music’ due to its blend of Western and Egyptian rhythms. As a result, he has become extremely popular throughout the Mediterranean as well as the MENA region. Acknowledged as the first Arab and Middle Eastern artist to start producing high quality music videos, Diab became the first Egyptian and Middle Eastern performer to have a number one hit on the Billboard World Albums Charts. To listen to Amr Diab’s extensive Nay Label audio and video catalog and all upcoming releases for free, download the Anghami app now. About Anghami Inc. The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive eco-system of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami has established 40+ Telco partnerships to facilitate subscriptions and customer acquisitions, in parallel to building long-term relationships with and featuring music from major music labels including Universal Music Group, Sony Music Entertainment, Warner Music Group and the Merlin Network and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA and has recently expanded into the US and Canada, with Europe in the pipeline. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com Forward-looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of COVID-19 on Anghami’s business; the outcome of any legal proceedings that may be instituted against Anghami; changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s registration statement on Form F-4 (File No. 333-260234) filed with the U.S. Securities and Exchange Commission (the “SEC”), which was declared effective on December 16, 2021, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

2 years ago - investorplace.com

ANGH stock is flying higher today, up more than 100%. Here's what you need to know about the music-streaming platform.

2 years ago - pulse2.com

The stock price of Anghami (NASDAQ: ANGH) increased by over 70% pre-market today. These are some details you should know.

2 years ago - businesswire.com

NEW YORK--(BUSINESS WIRE)--Anghami Inc. (“Anghami”) (NASDAQ: ANGH), the leading music streaming platform and service in the Middle East and North Africa, announced today that is has completed its business combination with Vistas Media Acquisition Company (“VMAC”) (NASDAQ: VMAC). Anghami’s common ordinary shares and its warrants will begin trading in the United States on February 4, 2022 on NASDAQ under the tickers "ANGH" and “ANGHW,” respectively. Eddy Maroun, Co-founder and Co-Chief Executive Officer of Anghami, commented, "Today marks the end of a long journey toward listing on NASDAQ, but also the momentous beginning of our life as a publicly traded company. We are grateful to our investors and partners who have made this possible. We believe that our efforts to take a different approach and challenge the status quo in the streaming world present a great opportunity for fans not only in the region, but also for millions of people around the world who are trying to reconnect with their roots through music. As we embark on this new chapter, we remain as committed as ever to our goal of expanding the Arabic-language music repertoire through new initiatives and innovative concepts such as Anghami Originals, Anghami Labs, live concerts, live radio and branded content." Elie Habib, Co-Founder and Chief Technology Officer of Anghami, said: “This is 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. We launched in 2012 with the dream of making a valuable difference for users and artists alike, and nearly a decade later, with around 58% of the market share in the Middle East, we have earned a place not only in the industry, but also in the hearts of music lovers across the region. We look forward to continuing our mission to transform the music streaming industry globally by connecting fans and artists and providing a unique streaming experience by focusing on original hyper-local content and an extensive catalog of music and entertainment." F. Jacob Cherian, Co-Chief Executive Officer of Anghami, commented, "We are thrilled to bring the Arab region's most popular music streaming platform and challenger brand to NASDAQ. This is an incredible achievement, and we look forward to reaching many more milestones in creating more original music content, expanding Anghami's horizons and reach, and growing as a global publicly traded company.” Anghami established its headquarters in Abu Dhabi at the Abu Dhabi Global Market (ADGM), as part of a partnership with the Abu Dhabi Investment Office (ADIO)’s Innovation Programme. It also has offices in Beirut, Dubai, Cairo, and Riyadh. In less than a decade, Anghami has worked with several local label partners to build catalogs of songs from around the region and negotiate licenses with major international labels. Today, Anghami has 72 million songs in its libraries and 75 million registered users, as well as around 40 telco partners in the MENA region. Anghami's growth and success over the years, and especially in its three largest markets - Egypt, Saudi Arabia, and the United Arab Emirates - has catapulted the company into a driving force in shaping the music business in the Middle East and North Africa (MENA) region. About Anghami Inc. The first, most established and fastest-growing music technology platform in the Middle East and North Africa region, Anghami is the go-to destination for Arabic and International music and entertainment, creating artists, and connecting people. With its extensive eco-system of music, podcasts, events and more, Anghami provides the tools for anyone to create, curate and share their voice with the world. Launched in 2012, Anghami was the first music-streaming platform in MENA to digitize the region’s music. Today, it has the largest catalog comprising 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami also features music from major international labels such as Universal, Sony, Warner and is constantly licensing and producing new and original content. Headquartered in Abu Dhabi, Anghami has offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA. It is the only service available in English, Arabic and French, and remains close to its customer base, not only thanks to its pan-regional presence but also via the 56 million user data points it generates every day. To learn more about Anghami, please visit: https://anghami.com Cautionary Statement Regarding Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the risks of delays in admitting Anghami to trading on Nasdaq; (2) the ability to meet the Nasdaq’s listing standards; (3) the outcome of any legal proceedings that may be instituted against Anghami; (4) the impact of COVID-19 on Anghami’s business and/or the ability of the parties to complete the proposed business combination; (5) the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; (6) costs related to the proposed business combination; (7) changes in applicable laws or regulations; and (8) the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and (9) other risks and uncertainties identified in Anghami’s registration statement on Form F-4 (File No. 333-260234) filed with the U.S. Securities and Exchange Commission (the “SEC”), which was declared effective on December 16, 2021, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. No Offer or Solicitation This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.