Welcome to our dedicated page for VMACW news (Ticker: VMACW), a resource for investors and traders seeking the latest updates and insights on VMACW stock.
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Anghami has appointed Mary Ghobrial as the new Chief Operating and Strategy Officer, leveraging her extensive experience from Amazon and SOUQ.com. Ghobrial's expertise is expected to aid Anghami's growth as it prepares for a NASDAQ listing in Q4 2021. The company aims to enhance its operations and product offerings in the MENA region, where it has over 57 million songs and more than 70 million users. This strategic hire coincides with the planned business combination with VMAC, following the submission of their Draft Registration Statement to the SEC.
Anghami, the leading MENA music streaming platform, is set to merge with Vistas Media Acquisition Company (Nasdaq: VMAC / VMACW), making it the first Arab tech company listed on NASDAQ. The merger, announced on August 3, 2021, is pending VMAC shareholder approval and is expected to finalize in Q4 2021, with Anghami adopting the new ticker 'ANGH'. Additionally, Amazon Prime members in Saudi Arabia and the UAE will receive six months of Anghami Plus for free, followed by a 50% discount for another six months.
