Anghami’s Nasdaq Listing Brings Cheer to UAE’s Shuaa

Anghami’s Nasdaq Listing Brings Cheer to UAE’s Shuaa

UAE’s publicly listed  financial services firm Shuaa Capital is looking to boost its results following a merger deal and listing of Angham, a homegrown Arab music streaming platform, on Nasdaq.

Abu Dhabi-based Anghami, which means ‘my tunes’ in Arabic, entered into a definitive merger agreement with Vistas Media Acquisition Company Inc, a publicly traded special purpose acquisition company (SPAC).

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The transaction will result in Anghami becoming the first Middle East technology firm to list on Nasdaq New York.