Logo of Rasan Information Technology Co.
The lock-up period on Rasan Information Technology Co.’s major shareholders ended today, Dec. 12, six months after its shares listed on the Saudi Exchange (Tadawul) on June 13, 2024.
The lock-up was imposed on the major shareholder owning 47.26% of the company’s capital. It continued for six months, starting from the date of stock debut on Tadawul.
Upon the end of the lock-up period, major shareholders are not required to obtain prior approval from the Capital Market Authority (CMA) to sell their shares.
|
Major Shareholders |
||
|
Shareholders |
After IPO |
|
|
Number of Shares (mln shares) |
Ownership (%) |
|
|
Impact Funds Company for Financial Technology |
9.90 |
13.06% |
|
Theeb Hudayban Ghallab Al-Motairi |
7.51 |
9.91% |
|
Mohaidib Ali Mohammed Al-Mohaidib |
6.51 |
8.58% |
|
Samer Mohammed Raslan |
5.00 |
6.60% |
|
Mohammed Mohaidib Ali Al-Mohaidib |
3.50 |
4.62% |
|
Impact Asset Preservation CIT Company |
3.40 |
4.49% |
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