Lockup period on Rasan major shareholders ends today

Logo of Rasan Information Technology Co.

The lock-up period on Rasan Information Technology Co.’s major shareholders ended today, Dec. 12, six months after its shares listed on the Saudi Exchange (Tadawul) on June 13, 2024.

 

The lock-up was imposed on the major shareholder owning 47.26% of the company’s capital. It continued for six months, starting from the date of stock debut on Tadawul.

 

Upon the end of the lock-up period, major shareholders are not required to obtain prior approval from the Capital Market Authority (CMA) to sell their shares.

 

Major Shareholders

Shareholders

After IPO

Number of Shares

(mln shares)

Ownership (%)

Impact Funds Company for Financial Technology

9.90

13.06%

Theeb Hudayban Ghallab Al-Motairi

7.51

9.91%

Mohaidib Ali Mohammed Al-Mohaidib

6.51

8.58%

Samer Mohammed Raslan

5.00

6.60%

Mohammed Mohaidib Ali Al-Mohaidib

3.50

4.62%

Impact Asset Preservation CIT Company

3.40

4.49%

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