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Announcement in Connection with the Completion of the Accelerated Bookbuild Process in Relation to the Sale of approximately 17.16% stake in Rasan Information Technology Company and Setting of the Final Price at SAR 69 Per Share
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HSBC SA
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1446/09/13 13/03/2025 08:24:45
| Element List | Explanation |
|---|---|
| Announcement Detail | 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 successful completion of the sale of the entire stake in Rasan Information Technology Company (“Rasan” or the “Company”) through an accelerated bookbuild offering. The final price of the Offering was set at SAR 69 per share (the “Offer Price”). Please refer to the attachment for more details on the Offering. |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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