Anghami Inc.

What they do

Anghami operates a music streaming platform with a focus on Arabic content. The company generates revenue through subscriptions and advertising. Its ordinary shares and warrants are listed on Nasdaq under the symbols ANGH and ANGHW.

Revenue drivers

• Subscription services — Primary revenue stream from paying users, though specific subscriber counts and revenue figures were not provided in the excerpts.
• Advertising — Ad-supported free tier generates advertising revenue, but no specifics were included in the filing excerpts.

Recent performance

The company filed its Form 20-F for the fiscal year ended December 31, 2025, with an amendment filed on June 18, 2026. The amendment only revised officer certifications and did not update financial data. As of December 31, 2025, Anghami had 9,064,808 ordinary shares outstanding.

Strategy

The filing does not disclose a stated strategy, investments, or priorities. The company is an emerging growth company and non-accelerated filer, indicating it remains eligible for reduced reporting obligations.

Risks

• Limited financial disclosure in this amendment — This amendment omits financial statements and only includes revised certifications, so investors must rely on the original filing for performance details.
• Shell company status — The company did not check the box indicating it is not a shell company, which could signal additional reporting or compliance requirements.
• Emerging growth company transition period — As an emerging growth company, it may use extended transition periods for new accounting standards, potentially affecting comparability of financials.
• Geographic concentration — Operations are headquartered in the UAE and focused on the MENA region, exposing the company to regional economic and political risks.

Outlook

The filing does not provide forward-looking statements or management commentary on future performance. The amendment does not alter the original filing's outlook.