Share WhatsApp Email 4 SharesAnghami, the leading music streaming service of the Middle East & North Africa has confirmed to MENAbytes that it has signed JPMorgan to work on their next round of funding and is also considering multiple acquisition offers by multiple parties. The development was confirmed by Elie Habib, the co-founder of the Beirut-based startup, in a conversation with MENAbytes. But according to Elie, Anghami’s growth hasn’t stalled due to their entry, “2019 was the best year for Anghami. Even with Spotify and Dezeer around with all their money, we’ve been able to do great and are still by far the leading music streaming service in the Middle East & North Africa with 10 billion music streams in 2019. Kuwait Projects Company (KIPCO), the company that owns a majority stake (60.5 percent) in OSN, had signed bankers to sell its entire stake in the company.

Source: The North Africa Journal January 16, 2020 07:18 UTC