Rasan issues prospectus to float 22.74M shares on TASI

Company Profile

Company

Rasan Information Technology Co.

Market

TASI

Core Activities

Financial technology (Fintech)

Capital

SAR 70.5 mln

Capital after IPO

SAR 75.8 mln

Number of shares after IPO

75.8 mln shares

Par Value

SAR 1

IPO Summary

Issue Percentage

30% of capital (32.3% of pre-IPO capital)

Number of Shares Offered

22.74 mln shares

Qualified Subscribers

Participating Parties, Retail Investors

IPO Minimum Limit for Retail Investors

10 shares

IPO Minimum Limit for Institutional Investors

100,000 shares

IPO Maximum Limit for Retail Investors

100,000 shares

IPO Maximum Limit for Institutional Investors

3.79 mln shares

Institutional Offer Period and Book Building

Five days from May 12-19, 2024.

Retail Offering

Two days from May 29-30, 2024.

Final Allocation

June 4, 2024

Refund (if any)

June 6, 2024

Additional Information

Financial Advisor, Lead Manager, Institutional Bookrunner and Underwriter

Saudi Fransi Capital - Morgan Stanley Saudi Arabia

Lead Manager

Saudi Fransi Capital

Receiving Banks

Banque Saudi Fransi - Al Rajhi Bank

Major Shareholders

Shareholders

Before IPO

Post-IPO

Number of Shares

(mln shares)

Ownership (%)

Number of Shares

(mln shares)

Ownership (%)

Impact Funds Company for Financial Technology

13.15

18.65%

9.90

13.06%

Theeb Hudayban Ghallab Al-Motairi

9.98

14.15%

7.51

9.91%

Mohaidib Ali Mohammed Al-Mohaidib

8.64

12.26%

6.51

8.58%

Samer Mohammed Raslan

6.64

9.43%

5.00

6.60%

Mohammed Mohaidib Ali Al-Mohaidib

4.65

6.60%

3.50

4.62%

Impact Asset Preservation CIT Company

4.52

6.41%

3.40

4.49%

Fahd Ahmed Mohammed Abu Hamid

3.45

4.90%

2.60

3.44%

Majid Abdullah Mohammed Al Bawardi

3.41

4.83%

2.56

3.38%

Moayed Abdullah Mohammed Al Bawardi

3.41

4.83%

2.56

3.38%

Abdulrahman Abdullah Abdulrahman bin Aiban

3.41

4.83%

2.56

3.38%

Sami Mohaidib Ali Al Mohaidib

3.33

4.72%

2.50

3.20%

Ayman Abdullah Suleiman Al-Falaj

1.57

2.23%

1.18

1.56%

Suleiman Abdullah Suleiman Al-Falaj

1.57

2.23%

1.18

1.56%

Thamer Abdullah Suleiman Al-Falaj

1.57

2.23%

1.18

1.56%

Abdulilah Mohammed Manie Al-Ghufaili

1.20

1.71%

0.90

1.20%

Public

--

--

22.74

30%

Total

70.50

100%

75.80

100%