Announcement in Connection with the Completion of the Accelerated Bookbuild Process in Relation to the Sale of approximately 17.16% stake in Rasan Information Technology Company and Setting of the Final Price at SAR 69 Per Share

HSBC Saudi Arabia as Sole Global Coordinator (“GC”) and Bookrunner (“BR”) for Impact Financial Company, in its capacity as the fund manager of Venture Capital InsurTech Fund and Impact Growth Fund (“Impact46” or the “Seller”), announces the successful completion of the sale of the entire stake in Rasan Information Technology Company (“Rasan” or the “Company”) through an accelerated bookbuild offering. The final price of the Offering was set at SAR 69 per share (the “Offer Price”).

For more details, please see the attached file. (PDF, 394KB)