Anghami, the leading online music streaming platform in MENA, has confirmed that it is merging with Vistas Media Acquisition Company Inc. In case you’re not familiar with Vistas Media, it is a publicly-traded special purpose acquisition company.

With this merger, Anghami is on its way to becoming the first-ever Arab tech company to be listed on the Nasdaq. Meanwhile, as per estimates from reliable sources, the initial pro-forma enterprise valuation will stand at approximately $220 million.

“Today is a very exciting day for all of us at Anghami and our partners globally. Elie and I co-founded the company in 2012 with a vision for Anghami to be a first of its kind, digital media entertainment technology platform in the MENA region,” said, Eddy Maroun, Co-Founder and CEO of Anghami. 


“The post-merger new entity will operate under the Anghami brand. For the uninitiated, Anghami was launched in 2012 as the first music streaming platform in MENA. Today, it is a market leader that offers more than 57 million songs to over 70 million registered users across the world.”

Sarah Faisal

Sarah Faisal

An enthusiastic content manager at Matter in Hand with an affinity for uncovering the magical bits of everything. I also love movies, poetry, and smoothie bowls.