Logo ofRasan Information Technology Co.
HSBC Saudi Arabia, as a global coordinator and a bookrunner for institutional subscription by Impact46 in its capacity as the fund manager of Venture Capital InsurTech Fund and Impact Growth Fund, announced the launch of the accelerated bookbuilding process to sell the entire stake owned by the two funds in Rasan Information Technology Co. 
In a statement to Tadawul’s website today, March 12, the company state that the offering is comprised of about 13.30 million shares, representing 17.16% of Rasan’s issued capital, and will be to institutional investors. It indicated that the ownership of these shares are as follows:
– Venture Capital InsurTech Fund: 9.9 million shares (nearly 12.77%)
– Impact Growth Fund: 3.4 million shares (nearly 4.39%)
For its part, Tadawul said, in a statement today, that with regard to participating institutions through negotiated deals on Thursday, March 13, 2025, those deals will be implemented in accordance with what is applicable currently within the framework of negotiated deals, as follows:
– Tadawul will facilitate a session prior to the opening auction (pre-market) for only negotiated deals on Rasan Information Technology Co. on Thursday March 13, 2025.
– The negotiated deals session will allow members related to the transaction to place negotiated deals only on Rasan Information Technology Co. (symbol: 8313).
– Usual market hours for all listed securities will remain the same, where the opening auction will start at 09:30:00 AM.
– Negotiated deals conducted prior to the opening auction (pre-market) on Thursday, March 13, 2025, will be reflected on the negotiated deals page on Tadawul’s website.
Logo ofRasan Information Technology Co.
HSBC Saudi Arabia, as a global coordinator and a bookrunner for institutional subscription by Impact46 in its capacity as the fund manager of Venture Capital InsurTech Fund and Impact Growth Fund, announced the launch of the accelerated bookbuilding process to sell the entire stake owned by the two funds in Rasan Information Technology Co.
In a statement to Tadawul’s website today, March 12, the company state that the offering is comprised of about 13.30 million shares, representing 17.16% of Rasan’s issued capital, and will be to institutional investors. It indicated that the ownership of these shares are as follows:
– Venture Capital InsurTech Fund: 9.9 million shares (nearly 12.77%)
– Impact Growth Fund: 3.4 million shares (nearly 4.39%)
For its part, Tadawul said, in a statement today, that with regard to participating institutions through negotiated deals on Thursday, March 13, 2025, those deals will be implemented in accordance with what is applicable currently within the framework of negotiated deals, as follows:
– Tadawul will facilitate a session prior to the opening auction (pre-market) for only negotiated deals on Rasan Information Technology Co. on Thursday March 13, 2025.
– The negotiated deals session will allow members related to the transaction to place negotiated deals only on Rasan Information Technology Co. (symbol: 8313).
– Usual market hours for all listed securities will remain the same, where the opening auction will start at 09:30:00 AM.
– Negotiated deals conducted prior to the opening auction (pre-market) on Thursday, March 13, 2025, will be reflected on the negotiated deals page on Tadawul’s website.
