Anghami Inc. (United Arab Emirates)

The Company principal activity of the group is digital entertainment and online streaming including music, podcasts, music videos, and live events.
SEGMENT INFORMATION
The Group has three reportable segments: Revenue from subscriptions, Revenue from advertisement, and Revenue from live events. Segments were identified based on the Group's internal reporting and how the chief operating decision maker (“CODM”) assesses the performance of the business. The Premium service is a paid service in which customers can listen on demand and offline. Revenue for the Premium segment is generated through subscription fees. The Ad-Supported service is free to the user. Revenue for the Ad-Supported segment is primarily generated through the sale of advertising across the Group's content. Revenues from live events are generated from the sale of tickets, food and beverage sponsorships. Royalty costs are primarily recorded in each segment based on specific rates for each segment agreed with the rights holders. The remaining cost of revenue items that are not specifically associated to either of the segments are allocated based on user activity in each segment.
History
2021 The Compnay s a Cayman Islands exempted company incorporated in March 2021. The Companys direct and indirect key subsidiaries include:
● Anghami, Cayman Islands exempted company incorporated in February 2012;
● DigiMusic S.A.L. (Off-Shore), a Lebanese entity established in November 2011;
● Anghami FZ LLC, a limited liability company, registered in the UAE, Dubai, established in May 2014;
● Anghami for Digital Content, a joint-stock company, registered in Egypt, established in March 2017 (“ADC”);
● Anghami KSA Co., a limited liability company, registered in the Kingdom of Saudi Arabia, established in May 2018;
● Anghami UK LTD, a limited liability company, registered in England, established in December 2019; and
● Anghami Technologies Ltd, a limited liability company, registered in the UAE, Abu Dhabi, established in December 2020.
● Anghami (DE) Inc., (formerly Vistas Media Acquisition Company Inc.) was incorporated in Delaware on March 27, 2020.

On March 2021, Anghami KSA's ownership was legally transferred to Anghami FZ LLC, and in August 2021 ADC's legally was fully transferred to Anghami FZ LLC.
2022 On February 2022, the Company s completed the Business Combination. Prior to the closing of the Business Combination Anghami Inc, was a wholly owned subsidiary of Anghami. The following diagram illustrates its current organizational structure after the closing of the Business Combination:
The Company's Ordinary Shares are listed on the Nasdaq Global Market under the symbol “ANGH” and its Warrants are listed on the Nasdaq Capital Market under the symbol “ANGHW.”
Overview
Founded in 2012, The Company s the first music-streaming platform in the Middle East and North Africa (the “MENA Region”). Anghami's business focuses on the following countries within the MENA Region: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Tunisia and UAE (together, our “MENA Operating Area”). It s now the leading regional digital music entertainment technology platform in our MENA Operating Area, with the largest catalog, offering approximately 60 million songs to more than 100 million registered users as of December 31, 2021, 1.4 million paid subscribers and 18.3 million active users, with more than 9.2 billion streams per year as of December 2021. Its a music application and platform that offers listeners in the MENA Operating Area Arabic and international music to stream and download.
The service is offered through a choice of two primary plans: Free (Ad-supported) and Anghami Plus (Premium service). Within the Premium service, the Company offer four main subscription plans: its individual Anghami Plus plan, the Family Anghami Plus Plan (1 plan for 6 individual accounts at a discounted price), the Student Plan (discounted and restricted to students), the limited Anghami Plus plan (a more restricted Plus plan currently available through selected partners or in certain territories). These plans differ in both pricing and duration ranging from daily to yearly offers. The pricing plans differ by country and currencies.
The Company s licensing agreements with thousands of independent labels and distributors to provide users with access to a vast catalog of music. It s long standing business relationships with major global labels including Universal Music Group, Sony Music and Warner Music Group. It s a physical presence in UAE, Saudi Arabia, Egypt and Lebanon, in the MENA Region to establish and maintain strong partnerships with labels, artists, brands, and telecommunication companies. In addition, It s established strategic relationships with 45 telecommunication companies across the MENA Operating Area.
The Company s artificial intelligence and machine learning algorithms process over 56 million data points collected from its users every day. The Company s utilize over nine years of historical user data to understand user trends, predict user behavior, and invest in growth areas that we believe are likely to generate the highest return on investment. Anghami expects its use of data collection and historical user data to help improve monetization and continue to be a key driver of revenues.