Environmental

Low Direct Environmental Footprint: As a digital streaming platform, Anghami’s core operations have a relatively low direct environmental impact compared to physical media or manufacturing peers, with no material emissions or resource-intensive processes disclosed in recent filings or public statements.

Data Center and Energy Use: The company’s environmental exposure is primarily linked to data center energy consumption and cloud infrastructure, but there is no evidence of public targets or disclosures regarding renewable energy sourcing or carbon neutrality, which is increasingly standard among global streaming peers.

Lack of Formal Sustainability Reporting: Anghami has not published a dedicated sustainability or ESG report, nor has it disclosed environmental KPIs or climate risk assessments, limiting transparency and comparability to global best practices.

Anghami’s environmental risk profile is moderate, reflecting the inherently low-impact nature of digital streaming but also a lack of formal sustainability commitments or disclosures. The absence of public targets or reporting leaves the company behind global peers on transparency and climate leadership.

Social

Content Accessibility and Regional Inclusion: Anghami’s expansion of Arabic dubbing for international series and partnerships with regional ministries supports cultural inclusion and broadens access to premium content across the MENA region.

User Growth and Engagement: The platform has demonstrated strong user engagement, with a 28% increase in video streaming engagement and an 18% rise in ARPU, reflecting effective content strategy and user-centric innovation.

Data Privacy and Content Security: The integration of advanced DRM solutions through castLabs and a focus on secure streaming experiences indicate robust protection of user data and intellectual property, which is critical in digital media.

Anghami’s social performance is strong, driven by regional content innovation, user engagement, and a commitment to content security. Its partnerships and technology investments support both cultural relevance and user trust, positioning it favorably among regional and global peers.

Governance

Recent Capital Actions and Shareholder Alignment: The 1-for-10 reverse stock split was executed to maintain Nasdaq listing compliance, reflecting responsive governance but also highlighting ongoing capital market pressures.

Strategic Partnerships and Investment Oversight: The merger with OSN+ and the $55 million investment from OSN Group demonstrate active board-level engagement in strategic growth, but also introduce complexity in integration and oversight.

Transparency and Disclosure Practices: While Anghami provides regular operational updates and SEC filings, there is limited disclosure on board composition, executive compensation, and ESG oversight, which are increasingly material for global investors.

Anghami’s governance is moderate, with evidence of responsive capital management and strategic deal-making. However, limited transparency on board structure and ESG oversight constrains its governance profile relative to global best practices.

Overall Score

Anghami demonstrates strong social performance and moderate governance, but lags on environmental transparency and formal ESG reporting. Its regional leadership and innovation are offset by limited disclosure and evolving governance practices, resulting in a moderate overall ESG profile compared to global streaming peers.