- Impact46 successfully exits Rasan through an accelerated bookbuild offering.
- The deal generated significant returns for investors, with Rasan’s valuation growing 10x since the initial investment in 2021.
- Impact46 continues to drive the technology sector with successful investments in companies such as Jahez, Tamara, and Lendo.
A Strategic Exit That Strengthens Impact46’s Market Position
Impact46, a leading Saudi fund manager licensed by the Capital Market Authority (CMA), has announced its successful exit from Rasan through an accelerated bookbuild offering, with HSBC Saudi Arabia acting as the sole global coordinator and bookrunner for the transaction.
This exit delivered substantial investment returns for Impact46’s funds, with Rasan’s equity value appreciating by more than 91% since its listing in 2024. The total return for investors in Impact46’s funds holding Rasan reached 10x the initial investment made in 2021.
Proven Track Record of Successful Tech Investments
Since its inception, Impact46 has consistently demonstrated the ability to identify and invest in high-growth technology companies. The firm’s exit from Rasan is the latest in a series of successful investments, which include companies such as Jahez, Tamara, and Lendo. These exits have not only generated strong returns for investors but also fueled the growth of the tech industry in Saudi Arabia.
A Vision for the Future of Tech Investment
Abdulaziz Alomran, Founding Partner and CEO of Impact46, commented:
“We take great pride in witnessing the growth and transformation of the tech ecosystem through our strategic investments. This success was made possible by the trust and support of our investors, as well as the shared vision and partnerships with our portfolio founders.”
A Strategic Investment Approach Focused on Growth and Expansion
This successful exit reinforces Impact46’s investment strategy, which focuses on backing businesses that offer innovative, tech-driven solutions in large markets while delivering strong financial returns. With a highly skilled team, the firm specializes in identifying businesses with high growth potential and positioning them for successful market listings in Saudi Arabia.
Impact46 remains committed to delivering positive returns through strategic investments and empowering the next generation of entrepreneurs and industry leaders. Through its diversified investment approach, combining equity capital and structured credit financing, the firm continues to drive the growth of the region’s technology ecosystem.
