Samena Capital

Dubai-based investment firm Samena Capital acquired stake in digital music service Anghami.

The completion of this Series B investment marks the third successful fundraising by Anghami, which was seeded by Middle East Venture Partners back in 2012. (In the last three years, Anghami has grown its subscriber base eleven-fold to 30 million users). Established in 2008, Samena Capital has raised $1.1 billion of assets since 2008 and has returned $500 million in capital from 40 exits.

Samena Capital is listed in the Middle East Investors Directory with the code SIJ68.

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Samena Capital, an investment firm with focus on Middle East and Asia that currently manages $400 million, announced launch of its second fund with a $700 million target.

Established in 2008 with Shirish Saraf as Vice Chairman and CEO, it is focused on principal investments in the Subcontinent, Asia, Middle East and North Africa and calls it the SAMENA region. (As you know, Abraaj capital is calling a similar geographic area MENASA). According to the firm announcement, it has already received response from its anchor investors, with commitments in excess of $350 million.

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More details follows from the firm