RIYADH, Saudi Arabia--(BUSINESS WIRE)--SRMG Ventures, the venture capital arm of SRMG, has today announced a $5 million investment in Anghami, the leading music and entertainment streaming platform in the MENA region. Anghami has established itself as the region’s leading music and entertainment streaming platform. SRMG Ventures’ investment in Anghami reflects its unique and leading position in the promising music and audio segment of the media industry. This demand coupled with the commercial opportunity it presents makes digital audio and media one of the investment priorities for SRMG Ventures. SRMG Ventures inaugural investments included Telfaz11, a Saudi based creative media studio, and Vuz, a leading VR-enabled social media application.

Source: The North Africa Journal August 21, 2023 14:06 UTC