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M&A Deal Summary

Anghami Acquires Spotlight Events

On June 30, 2022, Anghami acquired media company Spotlight Events

Acquisition Highlights
  • This is Anghami’s 1st transaction in the Media sector.
  • This is Anghami’s 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2022-06-30
Target Spotlight Events
Sector Media
Buyer(s) Anghami
Deal Type Add-on Acquisition

Target

Spotlight Events

Dubai, United Arab Emirates
Spotlight Events is an events and concert company specialized in managing and executing live events and concerts in the region. Spotlight Events was founded in 2005 and is based in Dubai, UAE.

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Buyer(S) 1

Buyer

Anghami

Abu Dhabi, United Arab Emirates
Category Company
Founded 2012
Sector Media
Employees146
Revenue 41M USD (2023)
DESCRIPTION

Anghami is a music-streaming platform comprising of 72 million songs and licensed content from leading Arabic labels, independent artists, and distributors, available for 75 million registered users. Anghami was founded in 2012 and is headquartered in Abu Dhabi, United Arab Emirates.

DEAL STATS #
Overall 1 of 1
Sector (Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Arab Emirates) 1 of 1
Year (2022) 1 of 1
Mergr

Product

Company

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