Skip to content
Subscriber Only

Mideast Spotify Challenger Anghami Nears SPAC Merger

  • Company relocated headquarters to Abu Dhabi from Beirut
  • Deal comes amid increasing interest in Mideast startups
Updated on

Anghami, the Abu Dhabi-based music-streaming service that claims over 70 million users, said it’s listing on the Nasdaq stock exchange in New York by merging with a blank-check company, setting the stage for one of the biggest investments into a Middle Eastern technology startup in years.

Anghami, Arabic for “my tunes,” is merging with Vistas Media Acquisition Company Inc., a special purpose acquisition company set up last year, it said in a Wednesday statement confirming an earlier Bloomberg News report. The deal marks the first listing on the Nasdaq in New York by a home-grown Middle Eastern tech company.