Dubai – Mubasher: Shuaa Capital has advised on Anghami's listing on Nasdaq New York under the ticker symbol 'ANGH', effective Friday, 4 February 2022.
As an advisor and investor, Shuaa has led a funding round for Anghami and enabled the tech company to secure a $30 million investment via PIPE funding since the beginning of 2021, according to a recent press release.
Franklin Templeton, an investment company, was also a pre-IPO investor through investment in the PIPE.
The Managing Director and Head of Investment Banking at Shuaa Capital, Fawad Tariq Khan, said: "SHUAA’s experience and investment capabilities has enabled us to support Anghami's growth, reflecting our unique strength in structuring financing solutions that meet both business objectives and investor demands."
Meanwhile, the Co-founders of Anghami, Eddy Maroun and Elie Habib, commented: "With the support of our investors, our partners and artists, and our listeners, we have a huge growth potential, and we are confident in our ability to continue to innovate and expand for our users globally."
