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- :81.9
- :79.7
- ('000):75,800
- ( '000):6,208,020
- :0
-
405,950 - :0
- :
- 14.86%
- 101.23%
-
2,232 -
():
32,913,601.7 - ():111,994,468
- :0.29
- Performance Comparison
- :Saudi Stock Exchange
- :Insurance
- :Med Cap
- :Insurance
Company Overview
- :12/05/2016
- :SAR 75,800,000
- :SAR 01
Activities
Rasan Information Technology Co., also known as Rasan, is a leading FinTech company based in Saudi Arabia. Founded in 2016, Rasan specializes in creating innovative solutions for the insurance and banking sectors. The company is headquartered in Riyadh and has established itself as a pioneer in the digital transformation of financial services in the Gulf region.
History
Rasan was founded with the vision of simplifying and digitizing the insurance and banking processes in Saudi Arabia. The company's journey began in 2016 when it identified the need for a more efficient and transparent insurance buying experience. This led to the development of Tameeni, the first online insurance aggregator in Saudi Arabia, which was launched in 2017.
Core Values and Mission
Rasan is driven by the importance of gaining the trust and confidence of its customers by providing seamless and instant access to financial services. The company's mission is to accelerate digital adoption within the insurtech space in Saudi Arabia, offering competitive and pioneering digital solutions.
Services and Products
Rasan offers a diverse range of products and services, including:
Tameeni: An online insurance aggregator that allows users to compare, buy, or renew insurance policies from a network of providers.
Treza: A B2B leasing insurance platform for motor leasing providers, offering customized insurance solutions.
Awalmazad: An online auto auction platform for salvage and repossessed vehicles from insurance companies and leasing providers.
Warshti: A platform offering car repair services with reliable workshops, requiring a Taqdeer report for participation.
Tameeni SME Health: A platform for SMEs to compare, purchase, renew, or change health insurance for employees and dependents from a network of providers.
Global Presence
While Rasan primarily operates within Saudi Arabia, it has a significant digital presence and offers cross-border services to meet the needs of its international customers.
Recent Achievements
Rasan has achieved several milestones, including:
Market Leadership: Becoming a market leader in the insurtech and fintech sectors in Saudi Arabia.
Customer Base: Serving over 8 million satisfied customers.
Monthly Visits: Receiving over 3.5 million visits monthly across its platforms.
Revenue Growth: Achieving an impressive revenue CAGR of 81% from 2020 to 2023.
Future Outlook
Rasan aims to continue its growth trajectory by expanding its product range and enhancing its market presence. The company is committed to innovation and customer satisfaction, ensuring it remains a preferred choice for financial services in the region.
-
Chairman:Majed A. Al-Bawardi
-
Vice-chairman:Abdulaziz A. Al-Omran
-
CEO:Moayad A. Al-Fallaj
-
General Manager:
-
Managing Director:
-
Board Members:
Abdulrahman A. Bin-Aiban
Ayman A. Al-Fallaj
Basmah A. Al-Sunaidi
Fahad A. Abuhaimed
Moahmmed M. A. Al-Muhaidib
Moayad A. Al-Fallaj
Zeeb H. G. Al-Mutairi
-
Auditors:
Ernst & Young
CFO
Chief Technology Officer
Chief Corporate Affairs & Compliance Officer
Chief Strategy & Products Officer
Chief Growth Officer
Chief Operating Officer
Chief Support Officer
| Announced On | Period | As Of | Net Profit (SAR Mil) | Growth (%) |
|---|---|---|---|---|
| 26/02/2025 | 12-Month | 31/12/2024 | 95 | 106.15 |
| 24/10/2024 | 9-Month | 30/09/2024 | 55 | 0 |
| 07/08/2024 | 6-Month | 30/06/2024 | 18 | 0 |
- zalismail@rasan.co
- www.rasan.co
- Riyadh 13248
| Market Cap US$ Mil |
Last Price Local Cry |
Price Change (%) 1 Day |
Price Change (%) 1 Year |
P/E TTM | P/B MRQ | Dividend Yield (%) | Beta | ROA (%) | ROE (%) | |
|---|---|---|---|---|---|---|---|---|---|---|
| BUPAARABIA | 7,003.62 | 176.6 | 0.79 | -9.74 | 22.54 | 6.25 | 0 | 0.88 | 7.41 | 26.44 |
| TAWUNIYA | 5,556.53 | 142.6 | 2.58 | 25.44 | 22.09 | 5.79 | 0 | 1.09 | 5.66 | 23.76 |
| ALRAJHITAKAFUL | 3,661.71 | 141.4 | 2.91 | 171.63 | 35.01 | 9.91 | 0 | 1.1 | 4.63 | 29.95 |
| QATI | 1,654.21 | 1.84 | -1.08 | -5.42 | 8.37 | 0.05 | 2.99 | 1.1 | 1.2 | 5.21 |
| RASAN | 1,614.04 | 81.9 | 2.5 | 0 | 93.33 | 0 | 0 | 0 | 0 | 0 |
| GINS | 1,163.73 | 1,250 | 0 | -38.39 | 0 | 2.78 | 4.2 | 0.07 | 1.74 | 11.49 |
| SAUDIRE | 1,139.77 | 48.2 | 0.41 | 158.2 | 8.65 | 5.89 | 0 | 1.05 | 2.32 | 7.74 |
| ADNIC | 968.16 | 6.34 | 1.6 | 0 | 8.53 | 1.22 | 0 | 0.24 | 3.55 | 12.47 |
| MEDGULF | 594.91 | 22.32 | 4.98 | 93.01 | 13.96 | 1.8 | 0 | 1 | -10.34 | -92.54 |
| AINS | 593.67 | 875 | 4.79 | 24.03 | 0 | 1.51 | 6.62 | 0.13 | 3.79 | 9.34 |
| SUKOON | 465.17 | 3.7 | 0 | 0 | 6.43 | 0.87 | 0 | 0.08 | 1.06 | 4.17 |
| WALAA | 430.69 | 20.22 | 6.42 | 16.16 | 12.46 | 1.39 | 0 | 1.13 | 7.93 | 25.35 |
| KUWAITRE | 368.28 | 393 | 0 | 13.99 | 0 | 1.39 | 5.21 | -0.01 | 3.72 | 9.79 |
| ARABIANSHIELD | 365.86 | 17.8 | 3.48 | 14.56 | 16.58 | 0.93 | 0 | 1.09 | 8.66 | 27.25 |
| QISI | 363.52 | 8.36 | -6.07 | 0.18 | 9.29 | 0.39 | 6.88 | 0.57 | 7.35 | 18.57 |
| DIN | 351.14 | 12.9 | 0 | 71.81 | 10.87 | 2.78 | 0 | -0.1 | 2.56 | 6.85 |
| KINS | 345 | 569 | 0 | 31.11 | 0 | 1.5 | 9.01 | 0.06 | 4.28 | 10.42 |
| CHUBB | 343.79 | 43.9 | 2.09 | 49.72 | 66.42 | 3.47 | 0 | 1.13 | 5.57 | 13.53 |
| DOHI | 328.12 | 2.4 | -0.42 | -0.85 | 6.33 | 0.12 | 5.82 | 0.22 | 4.18 | 7.55 |
| GIG | 324.4 | 27.1 | 0.18 | 1.4 | 18.68 | 2.29 | 0 | 1.14 | 2.46 | 9.86 |
| LIVA.MSM | 309.82 | 0.27 | -10 | -4.48 | 0 | 0 | 0 | 0.08 | 0 | 0 |
| EIC.ADX | 304.18 | 7.45 | 0 | 0 | 0 | 0.96 | 8.33 | 0.03 | 4.16 | 9.85 |
| QGRI | 271.64 | 1.06 | -7.02 | 6.7 | 34.44 | 0.01 | 5.06 | 0.3 | 0.68 | 1.06 |
| JAZIRATKFL | 262.08 | 15.08 | 1.2 | 2.97 | 27.33 | 1.36 | 0 | 1.11 | 5.1 | 7.97 |
| NGI | 257.72 | 5.74 | 0 | 3.13 | 7.8 | 1.9 | 0 | 0 | 2.65 | 7.28 |
| MUTAKAMELA | 242.73 | 15.44 | 1.71 | 5.66 | 60.05 | 1.25 | 0 | 1.06 | 1.46 | 12.2 |
| WATANIYA | 233.24 | 22.2 | 1.46 | 32.04 | 8.57 | 2.06 | 0 | 1.05 | 5.82 | 24.29 |
| AWNIC | 223.13 | 3.96 | 0 | 0 | -12.72 | 0.98 | 0 | 0.06 | 4.05 | 6.88 |
| ARIG | 211.2 | 0.96 | 0 | 0 | 8.38 | 0.82 | 10.1 | 0.03 | 0.86 | 3.8 |
| BEMA | 208.04 | 3.82 | 0 | 2.79 | 9.03 | 0 | 0 | 0 | 0 | 0 |
| ALETIHAD | 199.61 | 15.28 | 2 | 0 | 9.38 | 0 | 0 | 0 | 0 | 0 |
| QLMI | 188.7 | 1.9 | -4.05 | -9.11 | 10.65 | 0 | 0 | 0 | 0 | 0 |
| MALATHINSURANCE | 186.55 | 14.18 | 1.28 | 3.21 | 26.99 | 6.39 | 0 | 1.07 | -0.49 | -5.25 |
| ABNIC | 183.74 | 2.7 | 0 | 0 | 0 | 1.04 | 0 | -0.07 | 2.19 | 6.02 |
| GULFUNIONALAHLIA | 182 | 15.12 | 1.61 | 15.54 | 9.21 | 1.43 | 0 | 1.06 | 4.41 | 16.62 |
| AICC | 179.1 | 12.88 | 1.57 | -5.74 | 14.99 | 1.32 | 0 | 0.99 | 2.15 | 6.89 |
| TKFL | 167.77 | 5.87 | 0 | 0 | 5.81 | 1.95 | 4 | -0.14 | 5.39 | 16.79 |
| LIVA | 164.59 | 15.74 | 1.94 | -7.72 | 21.58 | 1.73 | 0 | 1.12 | 4.74 | 10.5 |
| AKHI | 160.57 | 2.29 | -0.87 | -14.62 | 7.79 | 0.12 | 4.88 | 0.36 | 1.13 | 2.27 |
| BURUJ | 147.91 | 18.68 | 0.97 | 12.39 | 40.52 | 1.21 | 0 | 1.1 | 10.12 | 31.24 |
| BNH | 143.85 | 0.48 | 0 | 0 | 10.28 | 1.12 | 3.88 | 0.04 | 4.3 | 7.72 |
| DHAFRA | 132.29 | 4.86 | 0 | 0 | 10.4 | 1.45 | 0 | -0.08 | 3.14 | 10.13 |
| BKIC | 128.38 | 0.34 | 0 | 0 | 10.12 | 0.71 | 6.12 | -0.08 | 1.42 | 7.42 |
| SAICO | 125.36 | 15.74 | 0.38 | 24.68 | 9.65 | 1.19 | 0 | 1.06 | 3.42 | 14.39 |
| ALAIN | 122.49 | 30 | 0 | 0 | 0 | 0.39 | 3.33 | -0.04 | 0.89 | 4.23 |
| DNIR | 120.41 | 3.83 | 0 | -16.44 | 10.16 | 0.89 | 0 | 0.03 | 5.66 | 10.02 |
| ALSAGRINSURANCE | 120.08 | 15.48 | 3.06 | 22.66 | 15.88 | 0.8 | 0 | 1.08 | 1.22 | 2.93 |
| AMANAINSURANCE | 109.21 | 9.7 | 1.78 | -1.2 | 51.15 | 1.04 | 0 | 1.24 | 2.44 | 8.65 |
| RAKNIC | 108.94 | 3.3 | 0 | 0 | 0 | 1.51 | 0 | -0.02 | 4.14 | 13.97 |
| ACIG | 107.49 | 14.34 | 3.46 | 25.26 | 8.43 | 2.03 | 0 | 1.01 | 2.02 | 7.98 |
| ALLIANCE | 106.16 | 390 | 0 | 0 | 0 | 0.85 | 0 | 0 | 3.59 | 10.4 |
| SALAMA.DFM | 99.74 | 0.39 | 0 | -8.73 | -2.62 | 0.65 | 0 | 1.05 | 1.35 | 6.71 |
| UCA | 96.26 | 9.11 | 0.88 | 22.99 | 18.28 | 0.99 | 0 | 0.99 | 4.36 | 15.87 |
| BKIKWT | 93.61 | 191 | 0 | 0 | 0 | 0 | 0 | -0.04 | 0 | 0 |
| ORIENT | 90.23 | 66.3 | 0 | 0 | 0.51 | 0.14 | 0 | 0 | 5.28 | 14.46 |
| WINSRE | 87.2 | 154 | 0 | 50.93 | 0 | 0.64 | 16.34 | 0.33 | -4.25 | -8.4 |
| SALAMA | 83.57 | 15.94 | 1.65 | 0 | 13.18 | 1.62 | 0 | 1.12 | 6.59 | 24.57 |
| ORIC | 77.18 | 0.09 | 0 | 0 | 14.06 | 0 | 0 | 0 | 0 | 0 |
| AFNIC | 76.08 | 210 | 0 | 0 | 0 | 0.99 | 0 | 0 | 5.59 | 12.64 |
| GULFGENERAL | 71.96 | 9.11 | 1.22 | 5.44 | -26.33 | 0.87 | 0 | 1.21 | 4.81 | 12.27 |
| FIDELITYUNITED | 69.68 | 1.6 | 0 | 0 | 0 | 1.7 | 0 | 0 | 0.3 | 0.92 |
| DICS | 64.31 | 0.22 | 0 | 9.52 | 5.76 | 2.69 | 0 | 0.13 | -1.1 | -7.19 |
| ENAYA | 64.11 | 10.68 | 2.1 | -13.64 | -14.44 | 1.3 | 0 | 1.21 | -3.77 | -8.59 |
| FTI | 63.3 | 173 | -4.42 | -31.06 | 0 | 1.57 | 0 | 0.01 | 13.45 | 19.88 |
| SICO | 61.76 | 1.65 | 0 | 0 | 0 | 1.04 | 0 | 0.01 | 10.26 | 17.29 |
| OUIC | 59.63 | 0.23 | 0 | 0 | 9.91 | 0.82 | 0 | 1.22 | 2.72 | 10.66 |
| OQIC | 57.03 | 0.22 | 0 | 16.04 | 16.79 | 0 | 0 | 0.04 | 0 | 0 |
| SUKOONTAKAFL | 56.59 | 1.55 | 14.81 | -65.38 | 9.97 | 0.69 | 0 | 0.03 | 4.03 | 8.06 |
| UNION | 54.05 | 0.6 | 0 | 0 | 0 | 0.65 | 0 | 0.14 | 0.48 | 2.86 |
| SOLID | 53.92 | 0.33 | 0 | 0 | 7.62 | 1.56 | 0 | 0.03 | -2.03 | -5 |
| TAKAFULEM | 53.9 | 1.34 | 1.51 | 136.18 | 4.45 | 1.21 | 0 | 0.39 | 0.52 | 3.98 |
| WATANIA | 48.15 | 0.68 | 0 | 0 | 6.18 | 0 | 0 | 0.68 | 0 | 0 |
| ASNIC | 41.32 | 0.66 | 0 | -0.45 | -1.76 | 0.34 | 0 | 0.04 | 0.54 | 1.41 |
| AMAT | 36.29 | 0.08 | 0 | -6.67 | 8.42 | 0.57 | 0 | 1 | 1.24 | 9.37 |
| AFIC | 32.14 | 0.12 | 0 | 0 | 7.84 | 0 | 0 | 0.14 | 0 | 0 |
| IH | 27.48 | 0.85 | 0 | 0 | 0 | 1.17 | 0 | -0.01 | 1.61 | 4.72 |
| METHAQ | 26.54 | 0.65 | 0 | 0 | 0 | 1.27 | 0 | 0.45 | 3.1 | 20.9 |
| AMAN | 22.12 | 0.36 | 0 | -18.09 | -3.58 | 1.05 | 0 | 0.53 | -1.23 | -19.5 |
| TAKAFUL | 18.15 | 0.11 | 0 | -6.25 | 6.11 | 1.06 | 0 | 0.1 | 0.52 | 3.12 |
| TAOI | 16.59 | 0.04 | 0 | 0 | 10 | 0.26 | 0 | 0.24 | 8.15 | 13.81 |
| MCTI | 14.58 | 0.51 | 0 | -13.51 | 34 | 0.31 | 0 | 0.04 | 2.57 | 8.13 |
| WETHAQ | 14.43 | 38.9 | -2.51 | 67.72 | 0 | 0.38 | 0 | 0.29 | 3.29 | 3.31 |
| AKIC | 6.53 | 0.24 | 0 | 0 | -0.41 | 0.68 | 0 | -0.03 | -19.63 | -93.13 |
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia