Shuaa Capital, leading asset management and investment banking platform in the MENA region, has invested in Anghami.
“We are delighted to have led the funding of Anghami. As a team, we have been working closely with Anghami, bringing our expertise in originating and structuring deals to bear in order to successfully complete this investment round,” announced Jassim Alseddiqi, CEO of Shuaa Capital.
Elie Habib, co-founder of Anghami, added “As Anghami continues to target rapid growth and penetration, combined with our dedicated focus on profitability, we are delighted to have secured the support of SHUAA Capital and its co-investors in this latest round. Having last raised funds in 2016, it was important for us to partner with the right investors, who understand our region and our growth model, and that is what SHUAA Capital and its co-investors represent for us.”