Impact46, acting as the fund manager for the Venture Capital InsurTech Fund and Impact Growth Fund, has successfully sold all of its shares in Rasan Information Technology Company. This transaction involved 13,296,836 shares, which constitute approximately 17.16% of Rasan’s total share capital.

The sale was executed through an Accelerated Bookbuild Offering, and the offering size was estimated at around SAR 918 million, with the final price per share set at SAR 69, reflecting a 4% discount compared to Rasan’s closing price on March 12, 2025.

Abdulaziz Alomran, Founding Partner and CEO of Impact46, commented that this transaction marks the end of a successful partnership with Rasan, noting that Impact46 was one of the earliest investors in the company. He mentioned that Impact46 had witnessed Rasan’s evolution from a motor insurance platform into a diversified fintech and insurtech leader, now listed on a major global stock exchange. Alomran emphasized that the timing of the exit aligns with Impact46’s strategy to identify high-growth companies and optimize capital allocation for future investments. He also highlighted that the strong interest from institutional investors underscores confidence in Rasan’s ongoing growth, contributing to Saudi Arabia’s economic transformation in line with Vision 2030.

This sale represents another successful exit for Impact46 in the Kingdom, which has previously concluded significant transactions involving companies like Jahez, Tamara, and Lendo. Through such transactions, Impact46 continues to reinforce its leadership in venture capital and private equity, further strengthening the investment landscape in Saudi Arabia by allowing for continued investments in promising startups.