SRMG Ventures announces strategic investment in Anghami

SRMG Ventures’ investment in Anghami reflects its unique and leading position in the promising music and audio segment of the media industry. (Supplied)
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Updated 21 August 2023
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SRMG Ventures announces strategic investment in Anghami

  • Venture capital arm of SRMG makes its third investment with a $5 million investment in Anghami
  • Anghami will leverage SRMG’s media network to accelerate growth, expand the legal consumption of music and audio content in the MENA region

LONDON: 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. An investment by the MENA region’s largest integrated media group in Anghami, marks a significant development in the region’s rising music and audio industry. SRMG Ventures will bolster Anghami's growth trajectory through its extensive media reach, content library, and portfolio of leading assets in audio/podcasts and enable it to capture a larger share in the fast-growing sector that is forecasted to reach $700mm in 2026.  

Anghami has established itself as the region’s leading music and entertainment streaming platform. With 120 million registered users (a significant increase from 75 million users in 2021), a substantial subscriber base and a catalogue comprising of more than 100 million songs, Anghami is the go-to platform for Arabic and International music, podcasts and entertainment.   

Since launching in 2012, Anghami has broadened its portfolio beyond music streaming. It now provides in-house productions, branded music and video content, concerts and live events, a record label for Arab artists, podcasts, a music lounge with live entertainment, exclusive and original Arabic content, along with its renowned music streaming service. 

SRMG Ventures’ investment in Anghami reflects its unique and leading position in the promising music and audio segment of the media industry. The MENA music and audio industry is forecasted to grow at a CAGR of 11 percent, outpacing the global market. This rapid growth, further highlighted by the rising prominence of Arab stars and local talent, coupled with the strategic presence of international labels including Warner, Universal, and Sony, is cementing MENA's position as a pivotal player in the global music landscape.  

Anghami’s breadth of data and its leading distribution capabilities present compelling collaboration opportunities with SRMG. Billboard Arabia, the latest addition to SRMG’s media portfolio, will introduce several charts using data from the leading digital streaming platforms – including Anghami – to highlight the artists and songs driving the global and regional music industry. In addition, Thmanyah, Independent Arabia, and Hia, all notable audio content creator outlets under SRMG, are already present within the Anghami platform, setting the stage for continued collaboration between SRMG and Anghami. 

Jomana R. Al-Rashid, CEO of SRMG, said: “Audio consumption is growing fast in the MENA region. In 2022 alone, the market size for audio increased by 35 percent. This demand coupled with the commercial opportunity it presents makes digital audio and media one of the investment priorities for SRMG Ventures. These opportunities are also demonstrative of our strategy and commitment to support and develop the media ecosystem, act as a catalyst for further growth and enhancement of SRMG’s offerings and services. Today, Anghami has been able to secure one of the largest user bases in audio streaming in the region, and has developed an impressive platform with extensive technological capabilities – a testament to the leadership of founders Elie Habib and Eddy Maroun. We’re looking forward to working closely with the Anghami team to realize our shared vision of elevating the region’s media and entertainment industry.” 

Eddy Maroun, Co-founder & CEO of Anghami, said: “This investment from SRMG Ventures marks a significant milestone for Anghami. We have continually evolved to meet our audience’s changing demands and support the region’s rising entertainment and music industry. Working together with SRMG, a leader and innovator in regional media, Anghami will be able to unlock further opportunities to champion the music ecosystem. This partnership will propel regional artists to greater heights, expand their global reach, and create new touchpoints for our users and artists alike.” 

SRMG Ventures’ investment in Anghami aligns with the Group’s strategy to invest in businesses and areas of commercial growth, focusing on media creators, immersive and interactive entertainment, and digital media platforms and enablers that are at the forefront of technological and creative innovation. SRMG Ventures inaugural investments included Telfaz11, a Saudi based creative media studio, and Vuz, a leading VR-enabled social media application. As part of the investment agreement, SRMG will be invited to join Anghami's board of directors and will have the opportunity to increase its investment in Anghami in the future. 


Keep it real: Tech giants urged to lead on safeguarding online privacy

Updated 09 December 2025
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Keep it real: Tech giants urged to lead on safeguarding online privacy

  • AI, deepfakes, misinformation under scrutiny at Bridge Summit
  • Media, tech professionals discuss how to keep users safe

ABU DHABI: As AI-generated deepfakes and bots grow more sophisticated, online privacy and identity protection have become urgent global concerns, especially for journalists, influencers and media professionals, whose lives unfold in the digital spotlight.

The growing threats of impersonation, character assassination and coordinated online abuse was at the center of a high-stakes conversation on the second day of the Bridge Summit in Abu Dhabi, where regional and international leaders from the technology and media fields tackled the complex risks surrounding digital safety, security and trust in an AI-powered world.

Adeline Hulin, chief of unit, media and information literacy at UNESCO, highlighted the risks that many people, in particular children and women, are facing online. 

Although her work has long centered on promoting safe internet practices, she said that the onus of safeguarding online privacy and security rested primarily with technology companies — the only actors, she argued, capable of keeping pace with the rapid evolution of AI.

“It is going to be really important that instead of people constantly having to adapt to the technology, if the technology itself is more user-centric,” she told the summit.

“We can train people to recognize deepfakes, but technology can do that quicker.”

Major tech companies have come under fire in recent years for failing to tackle harassment and misinformation. This has led to a litany of legislation as governments try to gain control of a growing problem.

But some companies appear to be heeding the call. Erin Relford, senior privacy engineer at Google, said her company was working to embed privacy protections in the infrastructure level beneath the platform.

“We want to give consumers the choice of how much they can share data-wise,” she said.

“The biggest challenge is making sure you have the right people in the room to create these privacy protection platforms.”

Privacy enhancement technology would see several tools released that empowered users to understand how their data was being monetized and aggregated, Relford said.

Google had been working to change the parental controls and make it easier for users to understand their protection, she said, but admitted it was still difficult and more education was needed.

“Most of the power lies within the user. Consumers drive what is popular. In terms of organizations that protect your privacy, we want to encourage them and use their services rather than empowering websites that don’t,” she said.

Education is key 

Still, Relford argued that education was fundamental in rolling out privacy tools. Tech companies could only do so much if people did not increase their awareness online, she said.

“The better we educate people about privacy tools, the less harm we have from the ground up.”

Echoing similar sentiments, Hulin promoted the idea of including online literacy in school curricula. Even high-profile moves, like Australia’s recent headline-grabbing ban on under-16s using social media, would do little to reduce the risks without more education.

“Even if there is banning, it’s not going to change misinformation and disinformation. You still need to teach these kids about the information ecosystem,” she said.

“Parents need to be really interested in the news information that your children are consuming.”

Assel Mussagaliyeva-Tang, founder of Singapore-based startup EDUTech Future, said that the AI revolution demanded close collaboration between schools, universities and families to equip children with the skills to navigate new technologies safely and responsibly.

“We need to set up the guardrails and protection of the kids because they are not aware how the model will respond to their needs,” she said.

A UNESCO survey found that 62 percent of digital creators skip rigorous fact-checking, while a 2024 YouGov study showed only 27 percent of young adults feel confident about AI in education.

Mussagaliyeva-Tang said educators needed to focus on preparing and nurturing adults who were “ready for the world,” by integrating ethics, data literacy and critical thinking into curricula.

But she said that universities and the broader education system remained behind the curve in adapting to emerging technologies and equipping students with the skills needed for responsible digital engagement.

Likewise, tech companies needed to be transparent and inclusive in training their data in a way that represented different cultures, she said.

While global regulations on AI remain fragmented, Dr. Luca Iando, dean and distinguished chair at the Collins College of Professional Studies at St. John’s University, called on educational institutions to actively collaborate with technology platforms to help shape educational content and mitigate the potential harm of AI on children, especially as technologies continue to grow.

He warned of young people’s overreliance on AI and said that educators in the long term needed to focus on developing “durable, human skills” in students and transform the type of assignments and coursework to meet the new age of AI.

There needed to be guidelines for students on using AI responsibly, to prepare them for the workplace, he said.

Highlighting the skills gap between educational institutions and the modern workplace, Mussagaliyeva-Tang said: “Employers want professionals. They don’t have time and the budgets to retrain after the outdated curriculum of the university.”

The rise of AI demanded a rethinking of the true purpose of education to nurture individuals who strove to make a positive impact on a rapidly evolving world, she said.