Announcement in Connection with the Launch of the Accelerated Bookbuild Offering to Sell the Entire Stake in Rasan Information Technology Company by Impact46 in its Capacity as the Funds’ Manager of Venture Capital InsurTech Fund and Impact Growth Fund / Impact46’s Managed Funds

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 launch of an accelerated bookbuild offering (the “Offering”) to sell Impct46’s entire stake in Rasan Information Technology Company (“Rasan” or the “Company”).

The Offering comprises an offering to institutional investors of 13,296,836 shares in Rasan representing approximately 17.16% of its issued share capital. held by the following funds

• Venture Capital InsurTech Fund: 9,895,690 shares (c. 12.77%)
• Impact Growth Fund: 3,401,146 shares (c. 4.39%)

Please refer to the attachment for more details on the Offering. (PDF, 620KB)