Saudi Arabia invests in music streamer Anghami, Spotify’s Middle East rival

Saudi Arabia invests in music streamer Anghami, Spotify’s Middle East rival

Beirut-founded Anghami is the most popular music streaming platform in the MENA region, with 120 million registered users, up from 75 million in 2021.

MENA Spotify Rival Anghami Eyes Further Expansion Following Strategic Investment By SRMG Ventures

Anghami, the Arab world’s answer to Spotify, is eyeing further expansion following a fresh $5 million investment by SRMG Ventures. It marks the third investment by the venture capital arm of Riyadh-registered company SRMG, which bills itself as the largest integrated media group in the Middle East and North Africa (MENA). Anghami was launched in […]

Saudi Arabia’s SRMG Makes Strategic Investment in Anghami, Spotify’s MENA Region Rival

SRMG Ventures, the venture capital arm of Ryadh-based conglomerate Saudi Research and Media Group, has announced a small but significant $5 million investment in Anghami, which is the Arab world’s rival to Spotify. SRMG Ventures in a statement said that, besides the investment, it will be providing the Middle East music and entertainment streamer its “extensive media reach, content library and portfolio of leading assets in audio/podcasts.” It…