Announcement from the Saudi Exchange Company regarding the Accelerated Bookbuild Offering on Rasan Information Technology Co. (RASAN) – Institutional Tranche Only (Negotiated Deals)
Reference to the published announcement by HSBC Saudi Arabia as a Global Coordinator and a Bookrunner in the Accelerated Bookbuild Offering Rasan Information Technology Co. titled “Announcement in Connection with the Launch of the Accelerated Bookbuild Offering to Sell the Entire Stake in Rasan Information Technology Company by Impact46 in its Capacity as the Funds’ Manager of Venture Capital InsurTech Fund and Impact Growth Fund / Impact46’s Managed Funds” on the Saudi Exchange website, and with regards to the institutional tranche transactions on Thursday 13 March 2025, corresponding to 13 Ramadan 1446H in accordance with the Negotiated Deals framework issued by the Saudi Exchange, please note the following:
• The Saudi Exchange will facilitate a session prior to the opening auction (pre-market) for only Negotiated Deals on Rasan Information Technology Co. on Thursday 13 March 2025, corresponding to 13 Ramadan 1446H.
• The Negotiated Deals session will allow Members related to the transaction to place Negotiated Deals only on Rasan Information Technology Co. (symbol: 8313).
• Usual market hours for all listed securities will remain the same, where the opening auction will start at 09:30:00 AM.
• Negotiated Deals conducted prior to the opening auction (pre-market) on Thursday 13 March 2025, corresponding to 13 Ramadan 1446H will be reflected on the Negotiated Deals page on the Saudi Exchange’s website.
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