- RASAN

Saudi Stock Exchange (Kingdom of Saudi Arabia)
83.8 Last Update 23/04/2025 14:01 KSA
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  • :85.2
  • :82.9
  • ('000):75,800
  • ( '000):6,352,040
  • :0


  • 419,964
  • :0
  • :
  • 52-W L52-W H
    83.8
    40.796.2
  • 12.89%
  • 105.90%


  • 2,923

  • ():

    35,271,758.2
  • ():90,300,889
  • :0.39
  • Performance Comparison

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
  • 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

Ms. Rajaa R. Khoder

Chief Technology Officer

Abdulrahman Al-Harbi

Chief Corporate Affairs & Compliance Officer

Zaki Al-Ismail

Chief Strategy & Products Officer

Nicola Garelli

Chief Growth Officer

Miguel Colominas

Chief Operating Officer

Joy Neogi

Chief Support Officer

Sophie Massant
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
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 6,659.84 167 0.24 -9.74 21.43 5.94 0 0.88 7.41 26.44
TAWUNIYA 5,468.58 137.6 0.58 25.44 21.74 5.7 0 1.09 5.66 23.76
ALRAJHITAKAFUL 3,475.16 132 1.22 171.63 33.23 9.4 0 1.1 4.63 29.95
RASAN 1,670.6 83.8 1.33 0 96.6 0 0 0 0 0
QATI 1,627.53 1.87 2.18 -5.42 8.24 0.05 2.99 1.1 1.2 5.21
SAUDIRE 966.43 41.55 2.08 158.2 7.34 4.99 0 1.05 2.32 7.74
GINS 957.99 1,029 0 -38.39 0 2.29 4.2 0.07 1.74 11.49
ADNIC 954.2 6.15 0 0 8.41 1.2 0 0.24 3.55 12.47
MEDGULF 607.22 22 1.38 93.01 14.25 1.83 0 1 -10.34 -92.54
AINS 526.84 733 -1.08 24.03 0 1.34 6.62 0.13 3.79 9.34
WALAA 424.8 18.6 -0.75 16.16 12.29 1.37 0 1.13 7.93 25.35
SUKOON 418.65 3.33 0 0 5.79 0.79 0 0.08 1.06 4.17
ARABIANSHIELD 373.09 17.58 0.22 14.56 16.9 0.95 0 1.09 8.66 27.25
KUWAITRE 356.1 384 1.05 13.99 0 1.34 5.21 -0.01 3.72 9.79
DIN 351.14 12.9 0 71.81 10.87 2.78 0 -0.1 2.56 6.85
QISI 342.69 8.41 0.23 0.18 8.76 0.37 6.88 0.57 7.35 18.57
DOHI 339.01 2.51 0.8 -0.85 6.54 0.12 5.82 0.22 4.18 7.55
NGI 331.36 6.65 -9.9 3.13 10.03 2.44 0 0 2.65 7.28
CHUBB 326.2 43.3 6.12 49.72 63.02 3.29 0 1.13 5.57 13.53
KINS 324.38 539 0.74 31.11 0 1.41 9.01 0.06 4.28 10.42
GIG 307.01 25.95 1.36 1.4 17.68 2.17 0 1.14 2.46 9.86
EIC.ADX 302.14 7.39 -0.14 0 0 0.95 8.33 0.03 4.16 9.85
LIVA.MSM 278.84 0.27 0 -4.48 0 0 0 0.08 0 0
MUTAKAMELA 270.55 17.3 2.24 5.66 66.93 1.39 0 1.06 1.46 12.2
QGRI 250.19 1.05 0 6.7 31.72 0.01 5.06 0.3 0.68 1.06
JAZIRATKFL 248.71 14.28 0.99 2.97 25.94 1.29 0 1.11 5.1 7.97
AWNIC 236.65 4.2 0 0 -13.49 1.04 0 0.06 4.05 6.88
WATANIYA 216.61 20.68 1.77 32.04 7.96 1.91 0 1.05 5.82 24.29
ARIG 211.2 0.96 0 0 8.38 0.82 10.1 0.03 0.86 3.8
BEMA 201.5 3.87 4.59 2.79 8.74 0 0 0 0 0
ALETIHAD 200.67 15.22 1.06 0 9.43 0 0 0 0 0
MALATHINSURANCE 186.28 14.06 0.57 3.21 26.95 6.38 0 1.07 -0.49 -5.25
QLMI 185.84 1.97 1.02 -9.11 10.49 0 0 0 0 0
ABNIC 183.74 2.7 0 0 0 1.04 0 -0.07 2.19 6.02
AICC 178.25 12.62 0 -5.74 14.92 1.32 0 0.99 2.15 6.89
GULFUNIONALAHLIA 172.7 14.12 0 15.54 8.74 1.35 0 1.06 4.41 16.62
AKHI 159.88 2.36 2.6 -14.62 7.76 0.12 4.88 0.36 1.13 2.27
TKFL 158.91 5.01 -9.9 0 5.5 1.84 4 -0.14 5.39 16.79
LIVA 156.92 14.76 0.27 -7.72 20.58 1.65 0 1.12 4.74 10.5
BNH 152.84 0.52 1.96 0 10.92 1.19 3.88 0.04 4.3 7.72
BURUJ 146.47 18.64 1.74 12.39 40.12 1.2 0 1.1 10.12 31.24
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
ALAIN 122.49 30 0 0 0 0.39 3.33 -0.04 0.89 4.23
SAICO 120.88 15.28 1.05 24.68 9.31 1.14 0 1.06 3.42 14.39
ACIG 120.36 15 -3.36 25.26 9.44 2.27 0 1.01 2.02 7.98
DNIR 118.21 3.73 -0.8 -16.44 9.97 0.87 0 0.03 5.66 10.02
ALSAGRINSURANCE 115.29 14.42 0 22.66 15.25 0.77 0 1.08 1.22 2.93
RAKNIC 108.94 3.3 0 0 0 1.51 0 -0.02 4.14 13.97
AMANAINSURANCE 108.41 9.5 0.42 -1.2 50.78 1.04 0 1.24 2.44 8.65
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 94.98 8.96 0.56 22.99 18.03 0.98 0 0.99 4.36 15.87
BKIKWT 93.61 191 0 0 0 0 0 -0.04 0 0
WINSRE 91.16 161 0 50.93 0 0.67 16.34 0.33 -4.25 -8.4
ORIENT 90.23 66.3 0 0 0.51 0.14 0 0 5.28 14.46
SALAMA 78.99 14.9 0.53 0 12.45 1.53 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 70.76 8.86 0.11 5.44 -25.89 0.85 0 1.21 4.81 12.27
FIDELITYUNITED 69.68 1.6 0 0 0 1.7 0 0 0.3 0.92
SUKOONTAKAFL 64.97 1.55 0 -65.38 11.45 0.8 0 0.03 4.03 8.06
ENAYA 62.4 10.32 1.37 -13.64 -14.05 1.27 0 1.21 -3.77 -8.59
SICO 61.76 1.65 0 0 0 1.04 0 0.01 10.26 17.29
FTI 59.46 177 4.11 -31.06 0 1.47 0 0.01 13.45 19.88
SOLID 58.83 0.36 0 0 8.31 1.7 0 0.03 -2.03 -5
DICS 58.46 0.2 0 9.52 5.24 2.44 0 0.13 -1.1 -7.19
OQIC 57.03 0.22 0 16.04 16.79 0 0 0.04 0 0
TAKAFULEM 55.12 1.38 2.22 136.18 4.55 1.23 0 0.39 0.52 3.98
OUIC 54.44 0.21 0 0 9.05 0.75 0 1.22 2.72 10.66
UNION 54.05 0.6 0 0 0 0.65 0 0.14 0.48 2.86
WATANIA 46.74 0.66 0 0 5.99 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 20.89 0.35 2.94 -18.09 -3.38 0.99 0 0.53 -1.23 -19.5
TAOI 20.74 0.05 0 0 12.5 0.33 0 0.24 8.15 13.81
TAKAFUL 19.8 0.12 0 -6.25 6.67 1.15 0 0.1 0.52 3.12
MCTI 14.58 0.51 0 -13.51 34 0.31 0 0.04 2.57 8.13
WETHAQ 14 39.2 1.29 67.72 0 0.36 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