33. Elie Habib and Eddy Maroun
Co-Founders, Anghami
Origin: Lebanon
Residence: UAE
Sector: Culture and Society
2023 Rank: 34
Having launched in Beirut, Lebanon, in 2012, Anghami has grown into a streaming giant with more than 70 million users in the Middle East and North Africa, Europe and the US.
Tech pundits have described it as the answer to Spotify in the Middle East. In terms of its business model, Anghami describes itself as a “freemium service that allows users to play millions of international and Arabic songs for free”.
Meanwhile, it also has a subscription model where paid users of Anghami Plus are granted access to an array of features that allow them to download songs, play music offline, view lyrics, rewind, scrub, and repeat all the music they want.
Its catalogue has more than 75 million Arabic and international songs and around 100,000 podcasts. Anghami listed on the Nasdaq in February 2022.
