Anghami Inc. Ordinary Shares (ANGH) is the pioneer and leading music technology portfolio in the Middle Eastern and North African territory. The company has one of the largest music catalogs encompassing 72 million songs and licensed content. The main sources of the music content include Arabic labels, independent artists, and distributors and it has the availability to 75 million customers. The company has its offices in Beirut, Dubai, Cairo, and Riyadh and operates in 16 countries across MENA.
The price of ANGH stock during the regular trading on February 4, 2022, was 12.07 with a 22.7% increase. At last check in the premarket on February 7, 2022, the stock rocketed by 38.21%.
ANGH: Events and Happenings
On February 4, 2022, ANGH announced about filing a Report to the SEC of the foreign private issuer pursuant to its rule 13a-16 or 15d-16. On February 4, 2022, ANGH reported about the completion of the business merger with Vistas Media Acquisition Company. ANGH’s common ordinary shares and warrants started trading on NASDAQ on February 4, 2022, under the ticker symbol ‘ANGH’.
On January 04, 2022, ANGH reported about its collaboration with Amazon’s smart assistant technology, Alexa. The company aims to bring localized music experience in Arabic voice along with English, representing the rich Arab culture to its Arabic and English-speaking consumer base.
On December 18, 2021, ANGH and Sony Music Entertainment Middle East co-reported about introducing their joint venture record label ‘Vibe Music Arabia’ that will back the independent Arabic artist community in the Gulf, Saudi Arabia, and the Levant.
On December 6, 2021, ANGH announced the launch of its Original podcast named ‘Shagaf’ and it highlighted the Arab and Saudi Women’s success stories in business and entrepreneurship. Emon Shakoor hosted the show, who is the CEO of Saudi Arabia’s foremost tech-inclusion and female-centered accelerator. The podcast’s aim is to motivate the addressees by the stories of entrepreneurial inspiring Women. The podcast sheds the light on the women who are part of Saudi Arabia’s historical transformation.
Conclusion
ANGH is a newly NASDAQ listed company. The stock of the company outperformed by 21.4% in the last six months period. The current premarket rise in the stock price can be attributed to several factors including the company’s listing on NASDAQ and filing Form 6-K with the SEC.
