Anghami Inc., a company that has made its mark in the Middle East’s music streaming industry, has recently been listed on NASDAQ under the ticker symbol ANGH. The listing of Anghami Inc. on NASDAQ has drawn attention from investors worldwide due to its potential for growth in the booming music streaming market.
Anghami Inc. is the first music streaming platform from the Middle East and North Africa (MENA) region to be listed on NASDAQ. The company has a user base of over 70 million and offers a library of more than 57 million songs. It has positioned itself as a leading player in the MENA region’s music streaming industry, which is expected to grow significantly in the coming years.
The growth potential of Anghami Inc. is rooted in the increasing digitalization and smartphone penetration in the MENA region. The number of smartphone users in the region is projected to reach 300 million by 2025, which will significantly increase the potential audience for music streaming services. Furthermore, the increasing adoption of digital payment methods in the region will make it easier for users to subscribe to premium music streaming services.
Anghami Inc. has also established partnerships with telecommunication companies in the region, which will help the company to reach a wider audience. These partnerships allow users to pay for Anghami’s premium services through their mobile phone bills, which is a convenient payment method for many users in the region.
In addition to its strong position in the MENA region, Anghami Inc. has also started to expand its services to other markets. The company has launched its services in several African countries and plans to expand to more countries in the future. This international expansion will further increase the growth potential of Anghami Inc.
Moreover, Anghami Inc. has differentiated itself from other music streaming platforms by focusing on Arabic music. The company offers a wide range of Arabic music, which is not widely available on other music streaming platforms. This focus on Arabic music has helped Anghami to attract a large number of users in the MENA region and could also attract users from other regions who are interested in Arabic music.
The listing of Anghami Inc. on NASDAQ is a significant milestone for the company and could help to attract more investors. The company plans to use the funds raised from the listing to invest in technology and content, which will further enhance its services and increase its competitiveness in the music streaming market.
In conclusion, Anghami Inc. has a strong growth potential due to its leading position in the MENA region’s music streaming industry, the increasing digitalization and smartphone penetration in the region, its partnerships with telecommunication companies, its international expansion, and its focus on Arabic music. The listing of Anghami Inc. on NASDAQ could help the company to realize this growth potential by attracting more investors and providing funds for investment in technology and content. Therefore, investors who are interested in the music streaming market should consider Anghami Inc. as a potential investment.