Analysis

Saudi Arabia’s Media Powerhouse SRMG Makes Strategic Investment in Anghami, Spotify’s MENA Region Rival

SRMG Ventures, the venture capital arm of Riyadh-based conglomerate and the largest publishing company in the Middle East, the Saudi Research and Media Group, has announced a $5 million investment in Anghami, which is the Arab world’s rival to Spotify, according to Variety.
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