19659001 Rasan problems prospectus to drift 22.74 M shares on TASI Logo design of Rasan Information Technology Co. Rasan Information Technology Co. 19459006 released the prospectus for providing 22.74 million shares, or 30% of the business’s post-IPO share capital (32.3% of pre-IPO capital), on the Saudi Exchange (Tadawul) for a small worth of SAR 1 per share. 19659004 In March, the Capital Market Authority (CMA) authorized Rasan’s application to list on the Main Market (TASI). The duration for signing up demands and book structure duration will run for 5 days from May 12-16, 2024. The share sale for retail financiers will range from May 29-30, 2024. 19659007 Rasan was developed in 2016. It runs in infotech sector. The group’s real activities are represented in supplying a variety of items and platforms to retaill customers, business customers, and SMEs within the monetary innovation (fintech) sector. The group’s organization consists of 4 primary sectors: the automobile insurance coverage sector, medical insurance coverage sector, the leasing sector and the online auction sector, in addition to R options. The business has 5 subsidiaries: Awal Mazawda Information Technology Company Limited, Tameeni Electronic Insurance Brokerage Company Limited, Trisa Company Limited, Rasan Computer Systems Design Company Limited, and Rasan Company Limited. Business Profile Business Rasan Information Technology Co. 19659014 Market 19659015 TASI Core Activities 19659017 Financial innovation (Fintech) Capital SAR 70.5 mln 19659020 Capital after IPO SAR 75.8 mln Variety of shares after IPO 19659023 75.8 mln shares Par Value 19659025 SAR 1 IPO Summary Concern Percentage 30% of capital (32.3% of pre-IPO capital) 19659029 Variety Of Shares Offered 22.74 mln shares 19659031 Certified Subscribers Getting Involved Parties, Retail Investors IPO Minimum Limit for Retail Investors 19659034 10 shares IPO Minimum Limit for Institutional Investors 19659036 100,000 shares IPO Maximum Limit for Retail Investors 19659038 100,000 shares 19659039 IPO Maximum Limit for Institutional Investors 19659040 3.79 mln shares 19659041 Institutional Offer Period and Book Building 19659042 5 days from May 12-19, 2024. Retail Offering 19659044 2 days from May 29-30, 2024. Last Allocation 19659046 June 4, 2024 Refund (if any) 19659048 June 6, 2024 Extra Information Financial Advisor, Lead Manager, Institutional Bookrunner and Underwriter 19659051 Saudi Fransi Capital – Morgan Stanley Saudi Arabia Lead Manager Saudi Fransi Capital 19659054 Getting Banks Banque Saudi Fransi – Al Rajhi Bank 19659056 Significant Shareholders Investors 19659058 Before IPO 19659059 Post-IPO 19659060 Variety of Shares (mln shares) Ownership (%) 19659063 Variety of Shares (mln shares) 19659065 Ownership (%) Effect Funds Company for Financial Technology 13.15 18.65% 19659069 9.90 13.06% Theeb Hudayban Ghallab Al-Motairi 19659072 9.98 19659073 14.15% 19659074 7.51 9.91% Mohaidib Ali Mohammed Al-Mohaidib 8.64 12.26% 19659079 6.51 8.58% 19659081 Samer Mohammed Raslan 19659082 6.64 9.43% 5.00 19659085 6.60% Mohammed Mohaidib Ali Al-Mohaidib 4.65 19659088 6.60% 3.50 19659090 4.62% 19659091 Effect Asset Preservation CIT Company 19659092 4.52 19659093 6.41% 19659094 3.40 19659095 4.49% 19659096 Fahd Ahmed Mohammed Abu Hamid 19659097 3.45 4.90% 2.60 19659100 3.44% 19659101 Majid Abdullah Mohammed Al Bawardi 19659102 3.41 4.83% 19659104 2.56 3.38% 19659106 Moayed Abdullah Mohammed Al Bawardi 3.41 19659108 4.83% 2.56 3.38% 19659111 Abdulrahman Abdullah Abdulrahman bin Aiban 19659112 3.41 19659113 4.83% 2.56 3.38% 19659116 Sami Mohaidib Ali Al Mohaidib 3.33 19659118 4.72% 2.50 3.20% Ayman Abdullah Suleiman Al-Falaj 1.57 19659123 2.23% 19659124 1.18 1.56% 19659126 Suleiman Abdullah Suleiman Al-Falaj 19659127 1.57 19659128 2.23% 19659129 1.18 1.56% Thamer Abdullah Suleiman Al-Falaj 19659132 1.57 2.23% 19659134 1.18 19659135 1.56% 19659136 Abdulilah Mohammed Manie Al-Ghufaili 19659137 1.20 19659138 1.71% 0.90 19659140 1.20% 19659141 Public — 19659143– 22.74 19659145 30% Overall 19659147 70.50 19659148 100% 75.80 100% 19659151 Find out more 19459006
Rasan issues prospectus to float 22.74M shares on TASI
