Science & Technology

‎Rasan disorders prospectus to hobble 22.74M shares on TASI

Posted by

Tamunofiniarisa

On May 6, 2024

0 comments

Technology tamfitronics

Logo of Rasan Info Technology Co.

Rasan Info Technology Co. published the prospectus for providing 22.74 million shares, or 30% of the firm’s put up-IPO portion capital (32.3% of pre-IPO capital), on the Saudi Trade (Tadawul) for a nominal designate of SAR 1 per portion.

In March, the Capital Market Authority (CMA) common Rasan’s application to checklist on the Critical Market (TASI).

The duration for registering requests and guide building duration will bustle for 5 days from Can also honest 12-16, 2024.

The portion sale for retail investors will bustle from Can also honest 29-30, 2024.

Rasan was established in 2016. It operates in files expertise sector.

The community’s exact actions are represented in providing a different of products and platforms to retaill purchasers, company purchasers, and SMEs at some stage within the financial expertise (fintech) sector.

The community’s enterprise involves four critical sectors: the auto insurance protection sector, medical insurance protection sector, the leasing sector and the salvage auction sector, to boot to R solutions.

The firm has 5 subsidiaries: Awal Mazawda Info Technology Company Restricted, Tameeni Electronic Insurance Brokerage Company Restricted, Trisa Company Restricted, Rasan Computer Systems Make Company Restricted, and Rasan Company Restricted.

Company Profile
Company	Rasan Info Technology Co.
Market	ONE
Core Actions	Monetary expertise (Fintech)
Capital	SAR 70.5 million
Capital after IPO	SAR 75.8 million
Preference of shares after IPO	75.8 mln shares
Par Payment	SAR 1

IPO Summary
Narrate Share	30% of capital (32.3% of pre-IPO capital)
Preference of Shares Offered	22.74 mln shares
Qualified Subscribers	Collaborating Parties, Retail Investors
IPO Minimal Restrict for Retail Investors	10 shares
IPO Minimal Restrict for Institutional Investors	100,000 shares
IPO Maximum Restrict for Retail Investors	100,000 shares
IPO Maximum Restrict for Institutional Investors	3.Seventy nine mln shares
Institutional Provide Period and Book Building	Five days from Can also honest 12-19, 2024.
Retail Offering	Two days from Can also honest 29-30, 2024.
Last Allocation	June 4, 2024
Refund (if any)	June 6, 2024

Extra Info
Monetary E-book, Lead Manager, Institutional Bookrunner and Underwriter	Saudi Fransi Capital – Morgan Stanley Saudi Arabia
Lead Manager	Saudi Fransis Capital
Receiving Banks	Saudi Bank of France – Al Rajhi Monetary Institution

Critical Shareholders
Shareholders	Before IPO		Post-IPO
Shareholders	Preference of Shares (mln shares)	Ownership (%)	Preference of Shares (mln shares)	Ownership (%)
Impact Funds Company for Monetary Technology	13.15	18.65%	9.90	13.06%
Theeb Hudayban Ghallab Al-Motairi	9.98	14.15%	7.51	9.91%
Mohaidib Ali Mohammed Al-Mohaidib	8.64	12.26%	6.51	8.58%
Samer Mohammed Raslan	6.64	9.43%	5.00	6.60%
Mohammed Mohaidib Ali Al-Mohaidib	4.65	6.60%	3.50	4.62%
Impact Asset Preservation CIT Company	4.52	6.41%	3.40	4.49%
Fahd Ahmed Mohammed Abu Hamid	3.45	4.90%	2.60	3.44%
Majid Abdullah Mohammed Al Bawardi	3.41	4.83%	2.56	3.38%
Moayed Abdullah Mohammed Al Bawardi	3.41	4.83%	2.56	3.38%
Abdulrahman Abdullah Abdulrahman bin Aiban	3.41	4.83%	2.56	3.38%
Sami Mohaidib Ali Al Mohaidib	3.33	4.72%	2.50	3.20%
Ayman Abdullah Suleiman Al-Falaj	1.57	2.23%	1.18	1.56%
Suleiman Abdullah Suleiman Al-Falaj	1.57	2.23%	1.18	1.56%
Thamer Abdullah Suleiman Al-Falaj	1.57	2.23%	1.18	1.56%
Abdulilah Mohammed Manie Al-Ghufaili	1.20	1.71%	0.90	1.20%
Public	—	—	22.74	30%
Total	70.50	100%	75.80	100%