Anghami, the Lebanese leading platform for music streaming in the MENA region, has officially become the region’s first tech company to be listed on the NASDAQ stock exchange, opening a new chapter as a public company.
Anghami was founded in 2012 in Lebanon by Elie Habib and Eddy Maroun. In 2021 they moved their headquarters to ADGM, the international financial center in Abu Dhabi, to tap into growth opportunities and get access to regional and global markets.
The app has now over 75 million registered users and 40 telecom partners in the MENA region.
The Lebanese entertainment platform, which has been supporting local talents with new opportunities, is now officially approved to be listed on the NASDAQ stock exchange, making history in the Middle East as the first technology firm in the region to ring New York’s Nasdaq’s bell.
The iconic bell-ringing ceremony represents an enormous opportunity to showcase the company’s milestones in front of a global audience. The opening and closing bell-ringing ceremonies provide a platform for companies to gain more brand exposure.
Anghami was not available for comments.
However, on their Instagram post announcing the start of their new chapter as a public company, the CEOs affirmed their full commitment to continue in their mission and vision to constantly innovate while providing “opportunities to local artists, and supporting talents.”