Mar 13, 2025
Impact46 Caps Investment in Rasan with SAR918 Million Sale
Impact Financial Company (Impact46), acting as fund manager for the Venture Capital InsurTech Fund and Impact Growth Fund, successfully divested its complete stake in Rasan Information Technology Company through an accelerated book build offering to institutional investors. You can read more about this transaction here. The offering involved 13,296,836 shares, representing approximately 17.16% of Rasan’s issued share capital, with the final offer price set at SAR69 per share—a 4% discount from the closing price on March 12, 2025. The total offering size was approximately SAR918 million, covered multiple times.
The sale aligns with Impact46’s strategy of nurturing high-growth, early-stage companies and optimizing capital allocation for future opportunities. Following this transaction, Rasan is expected to benefit from increased stock liquidity and a diversified shareholder base, preparing the company for future expansion phases.
Abdulaziz Alomran, founding partner and CEO of Impact46, described the sale as a critical milestone in the firm’s investment trajectory. He mentioned, “For Impact46, this transaction marks the culmination of our successful partnership with Rasan as one of its earliest investors. We have supported its evolution from a motor insurance platform to a leading fintech and insurtech company. With Rasan now listed on one of the world’s largest stock exchanges, it is the right time for us to exit.”
Alomran further underscored the strong interest from both domestic and international institutional investors, affirming Rasan’s strong market standing, operational excellence, and growth potential. “By transitioning to a broader institutional investor base, Rasan is well-positioned to sustain its momentum and create long-term value for shareholders, further contributing to Saudi Arabia’s economic transformation in alignment with Vision 2030,” he added.
This transaction marks another realized investment for Impact46 in Saudi Arabia, following previous successful exits from companies such as Jahez, Tamara, and Lendo. The firm continues to lead in venture capital and private equity, reinforcing its role in scaling high-growth companies and enhancing the Kingdom’s investment ecosystem.
