Impact46 exits Rasan; return reaches 10x initial investment

Logo of Impact46

Impact46, a leading fund manager in Saudi Arabia, licensed by the Capital Market Authority (CMA), focusing on investing in high growth technology companies, today announced its successful exit from Rasan Information Technology Company (“Rasan”) through an accelerated bookbuild offering. HSBC Saudi Arabia acted as sole global coordinator and bookrunner on the offering for Impact46.

The exit, which generated significant returns for Impact46 investors, marks another milestone in the firm's track record of delivering positive financial outcomes and pioneering the market. Rasan’s equity story has been well received by the market, demonstrated by its equity value appreciation of more than 91% since its listing in 2024, and marking a total return to investors in the Impact46 funds holding Rasan that reached 10x the initial investment made in 2021. 

Since its inception, Impact46 has consistently demonstrated its ability to identify and invest in promising technology-driven businesses. In addition to the exit of Rasan, the firm's track record includes several successful exits, including Jahez, Tamara, and Lendo. These exits have generated strong returns for impact46 investors while also fueling the growth of the companies in the technology ecosystem. 

Abdulaziz Alomran, Founding Partner & CEO of Impact46, said: "We are proud to witness the growth and development within the technology ecosystem through our unique investments. This was only made possible through the trust and support given by our investors and the shared vision and partnerships with our portfolio founders.”

The exit from Rasan further validates Impact46's investment strategy, which focuses on identifying and supporting businesses that have the potential to create unique technology driven offerings in large markets, alongside strong financial returns. The firm's experience allows it to select businesses that are well-positioned for growth and potential listing in the Saudi market. 

Impact46 is committed to continuing its mission of delivering positive returns through its investments and supporting the next generation of entrepreneurs and leaders of change in the ecosystem through its diversified offering of both equity capital and credit structures.