News

Anghami To Become The First Arab Tech Company To List On NASDAQ

Published

4 years ago

March 4, 2021

Anghami

Anghami, the first music-streaming platform in the MENA region, will soon also become the first Arab technology company to list on NASDAQ New York via a merger with Vistas Media Acquisition Company Inc., a publicly-traded special purpose acquisition company.

“Today, we have taken a significant step forward in our growth plans in seeking to become the region’s first Arab technology company to list on Nasdaq,” said Anghami co-founder Eddy Maroun. “Being a US-listed public company gives us access to growth capital and a global platform that is the best in the world.”

Anghami, which translates into “my tunes” in Arabic, was founded in 2012 by Maroun and his fellow Lebanese entrepreneur Elie Habib, providing convenient access to Arabic and international music alike. Over the years, the platform has become the leader in the MENA region, offering around 60 million songs to more than 70 million registered users.

anghami listed on nadsaq new york

In early 2021, Anghami moved its headquarters to Abu Dhabi, after a partnership with the Abu Dhabi Investment Office. The merger with Vistas Media Acquisition Company Inc. implies an initial pro-forma valuation of around $220 million. The music-streaming platform will continue to operate under its name and trade under the symbol “ANGH”.

Also Read: Anghami Review: The MENA’s Favorite Music Streaming Service

“This is a landmark transaction for the MENA region and for Vistas,” commented Saurabh Gupta, co-founder of Vistas Media Acquisition Company Inc. “The combination of Anghami and the Vistas team will be a powerful force in the media and entertainment world, and we couldn’t be prouder of the hard work from everyone to get to this stage, but our work has only just begun.”

Anghami founders would like to use the new funding to not only attract additional customers from the MENA region, but they would also like to expand into new markets and compete with services like Spotify and Deezer, both of which are significantly more popular outside the Middle East.

News

Skyloov Shakes Up UAE Real Estate Sector With Record Growth

Launched in October 2024, the property portal is already recording an impressive 2.7 million monthly visitors.

Published

3 days ago

January 27, 2025

Nour Nasir

skyloov shakes up uae real estate sector with record growth

Skyloov, the UAE’s newest real estate platform, has gained huge traction since launching in October 2024. Focused on “innovation, transparency, and user empowerment,” the startup has quickly positioned itself as a major player in the region’s competitive property market.

In just a few months, Skyloov has recorded an impressive 2.7 million monthly visitors — an indicator of how well it’s resonating with UAE buyers, renters, and investors. The portal already boasts 110,000 property listings spanning all seven emirates, 1,000 licensed brokers, and over 70,000 daily property searches.

skyloov shakes up uae real estate sector

“Skyloov is not just another property portal; it’s a game-changer in how real estate is discovered and sold,” said Dr. Abdulaziz Albwardi, Chairman of the Board at Skyloov. “Our achievements in such a short time reflect our commitment to offering a transparent and innovative platform that meets the evolving needs of property seekers and brokers alike. We are here to challenge the status quo and empower our users to succeed in a competitive market”.

What sets Skyloov apart is its cutting-edge technology and user-centric design. Features like AI-powered property matchmaking and voice-activated search within its mobile app make finding the perfect property simple and intuitive. The platform’s integration with the Dubai Land Department (DLD) also ensures every listing is verified, offering users peace of mind in their search. Meanwhile, brokers benefit from an array of listing and management tools, supported by real-time analytics that the company claims deliver high-quality leads and tangible results.

Also Read: Etihad Rail Plans 30 Minute Dubai To Abu Dhabi Train Link

Skyloov’s rapid success makes it one of the fastest-growing platforms in the UAE’s real estate market, and the company is already laying the groundwork to become the leading property portal in the entire MENA region. By continuing to prioritize innovation, transparency, and user empowerment, Skyloov is not just competing — it’s setting new benchmarks for the industry.