Impact46 Completes Exit from Rasan in a $245 Million Deal
Impact46 has announced the completion of the sale of its entire stake in Rasan Information Technology through an accelerated book-building offering to institutional investors. The deal involved the sale of 13,296,836 shares, representing 17.16% of Rasan’s issued capital, for a total value of SAR 918 million.
The shares were priced at SAR 69 each, reflecting a 4% discount compared to the closing price on March 12, 2025.
The transaction attracted significant interest from both local and international investors, with the offering being oversubscribed multiple times, highlighting strong confidence in Rasan’s market position and operational excellence.
This move aligns with Impact46’s strategy of supporting high-growth startups and optimizing capital allocation to seize future opportunities. The deal is expected to enhance Rasan’s stock liquidity and broaden its shareholder base, supporting the company in its next phase of growth.
Abdulaziz Alomran, Co-Founder and CEO of Impact46, stated: “This transaction marks the culmination of a successful partnership with Rasan as one of its early investors.
The strong interest from institutional investors reflects their confidence in Rasan’s robust market position and operational distinction.”
This sale represents another fully realized investment for Impact46, following a series of successful exits, including Jahez, Tamara, and Lendo, reinforcing the company’s role in the venture capital sector and its support for promising startups in Saudi Arabia.
