- RASAN

Saudi Stock Exchange (Kingdom of Saudi Arabia)
83.3 Last Update 02/03/2025 19:31 KSA
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Quotes

  • :85.5
  • :81.1
  • ('000):75,800
  • (SAR '000):6,314,140
  • :0


  • 306,980
  • :0
  • :
  • 52-W L52-W H
    83.3
    40.796.2
  • 13.41%
  • 104.67%


  • 2,066

  • (SAR):

    25,405,339.3
  • (SAR):80,961,167
  • :0.31
  • Performance Comparison

At a Glance

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.

Board of Directors:

  • 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

Senior Management

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

Recent Profit / Loss Announcements

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
Contact Details

Related GCC Companies (Insurance)

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 6,811.74 167.8 -1.53 -9.74 21.92 6.08 0 0.88 7.41 26.44
TAWUNIYA 5,780.39 144.4 -0.14 25.44 22.98 6.03 0 1.09 5.66 23.76
ALRAJHITAKAFUL 4,450.55 163.6 -2.04 171.63 42.56 12.04 0 1.1 4.63 29.95
RASAN 1,723.12 83.3 -2.35 0 99.64 0 0 0 0 0
SAUDIRE 1,196.76 47 -6.75 158.2 9.09 6.18 0 1.05 2.32 7.74
ADNIC 1,031.77 6.63 -0.31 0 9.09 1.3 0 0.24 3.55 12.47
MEDGULF 733.14 24.8 -5.35 93.01 17.2 2.21 0 1 -10.34 -92.54
WALAA 536.78 23.2 -2.03 16.16 15.53 1.73 0 1.13 7.93 25.35
SUKOON 465.17 3.7 0 0 6.43 0.87 0 0.08 1.06 4.17
ARABIANSHIELD 425.41 19.96 -0.2 14.56 19.27 1.09 0 1.09 8.66 27.25
CHUBB 386.96 47 -2.9 49.72 74.76 3.9 0 1.13 5.57 13.53
DIN 351.14 12.9 0 71.81 10.87 2.78 0 -0.1 2.56 6.85
GIG 345.98 28.4 -1.56 1.4 19.93 2.44 0 1.14 2.46 9.86
LIVA.MSM 330.48 0.32 0 -4.48 0 0 0 0.08 0 0
EIC.ADX 324.6 7.95 0 0 0 1.02 8.33 0.03 4.16 9.85
JAZIRATKFL 277.2 15.62 -0.89 2.97 28.91 1.44 0 1.11 5.1 7.97
WATANIYA 255.84 23.68 -1.34 32.04 9.41 2.25 0 1.05 5.82 24.29
MUTAKAMELA 254.24 15.24 -4.16 5.66 62.9 1.31 0 1.06 1.46 12.2
ALETIHAD 231.06 17.08 -1.5 0 10.85 0 0 0 0 0
AWNIC 223.13 3.96 0 0 -12.72 0.98 0 0.06 4.05 6.88
GULFUNIONALAHLIA 203.03 16.1 -3.02 15.54 10.27 1.59 0 1.06 4.41 16.62
NGI 200.25 4.46 0 3.13 6.06 1.47 0 0 2.65 7.28
MALATHINSURANCE 193.75 14 -3.72 3.21 28.03 6.64 0 1.07 -0.49 -5.25
ARIG 193.6 0.88 0 0 7.69 0.75 10.1 0.03 0.86 3.8
ABNIC 183.74 2.7 0 0 0 1.04 0 -0.07 2.19 6.02
AICC 182.77 13 0.46 -5.74 15.3 1.35 0 0.99 2.15 6.89
LIVA 180.58 16.86 -0.48 -7.72 23.68 1.9 0 1.12 4.74 10.5
BURUJ 164.7 20.16 -2.14 12.39 45.12 1.35 0 1.1 10.12 31.24
BNH 149.84 0.5 0 0 10.71 1.17 3.88 0.04 4.3 7.72
DHAFRA 146.99 5.4 0 0 11.56 1.61 0 -0.08 3.14 10.13
SAICO 136.55 16.8 -1.64 24.68 10.51 1.29 0 1.06 3.42 14.39
ACIG 130.75 15.98 -5.22 25.26 10.25 2.47 0 1.01 2.02 7.98
BKIC 128.38 0.34 0 0 10.12 0.71 6.12 -0.08 1.42 7.42
TKFL 127.76 4.47 0 0 4.43 1.48 4 -0.14 5.39 16.79
ALSAGRINSURANCE 123.44 15.02 -2.73 22.66 16.32 0.82 0 1.08 1.22 2.93
AMANAINSURANCE 120.78 10.3 -2.28 -1.2 56.58 1.15 0 1.24 2.44 8.65
DNIR 117.58 3.74 0 -16.44 9.92 0.86 0 0.03 5.66 10.02
ALAIN 112.28 27.5 0 0 0 0.36 3.33 -0.04 0.89 4.23
RAKNIC 108.94 3.3 0 0 0 1.51 0 -0.02 4.14 13.97
UCA 108.31 10.08 -0.79 22.99 20.56 1.12 0 0.99 4.36 15.87
ALLIANCE 106.16 390 0 0 0 0.85 0 0 3.59 10.4
SALAMA.DFM 102.3 0.4 0 -8.73 -2.69 0.67 0 1.05 1.35 6.71
SALAMA 95.41 17.2 -3.92 0 15.04 1.85 0 1.12 6.59 24.57
ORIENT 90.23 66.3 0 0 0.51 0.14 0 0 5.28 14.46
GULFGENERAL 89.86 11.06 -1.61 5.44 -32.88 1.08 0 1.21 4.81 12.27
ENAYA 77.35 12.14 -3.81 -13.64 -17.42 1.57 0 1.21 -3.77 -8.59
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
FIDELITYUNITED 69.68 1.6 0 0 0 1.7 0 0 0.3 0.92
DICS 67.23 0.23 0 9.52 6.02 2.81 0 0.13 -1.1 -7.19
SOLID 67 0.42 2.43 0 9.47 1.93 0 0.03 -2.03 -5
OUIC 62.22 0.24 0 0 10.34 0.86 0 1.22 2.72 10.66
SICO 61.76 1.65 0 0 0 1.04 0 0.01 10.26 17.29
OQIC 57.03 0.22 0 16.04 16.79 0 0 0.04 0 0
SUKOONTAKAFL 56.59 1.35 0 -65.38 9.97 0.69 0 0.03 4.03 8.06
TAKAFULEM 55.53 1.32 -2.95 136.18 4.59 1.24 0 0.39 0.52 3.98
WATANIA 48.86 0.67 -2.9 0 6.27 0 0 0.68 0 0
UNION 43.24 0.48 0 0 0 0.52 0 0.14 0.48 2.86
ASNIC 41.32 0.66 0 -0.45 -1.76 0.34 0 0.04 0.54 1.41
AMAT 40.83 0.08 -11.12 -6.67 9.47 0 0 1 0 0
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 0.38 5.55 -18.09 -3.58 1.05 0 0.53 -1.23 -19.5
TAOI 20.74 0.05 0 0 12.5 0 0 0.24 0 0
TAKAFUL 19.8 0.12 0 -6.25 6.67 1.15 0 0.1 0.52 3.12
MCTI 9.15 0.32 0 -13.51 21.33 0.19 0 0.04 2.57 8.13
AKIC 6.53 0.24 0 0 -0.41 0.68 0 -0.03 -19.63 -93.13
BKIKWT 0 191 0 0 0 0 0 -0.04 0 0
KINS 0 590 2.07 31.11 0 0 9.01 0.06 4.28 10.42
GINS 0 1,188 0 -38.39 0 0 4.2 0.07 1.74 11.49
AINS 0 804 0.12 24.03 0 0 6.62 0.13 3.79 9.34
WINSRE 0 163 0.61 50.93 0 0 16.34 0.33 -4.25 -8.4
WETHAQ 0 43 -2.28 67.72 0 0 0 0.29 3.29 3.31
FTI 0 183 -6.64 -31.06 0 0 0 0.01 13.45 19.88
KUWAITRE 0 397 1.27 13.99 0 0 5.21 -0.01 3.72 9.79
BEMA 0 4 -2.44 2.79 0 0 0 0 0 0
QLMI 0 1.96 -3.45 -9.11 0 0 0 0 0 0
QATI 0 2 -1.97 -5.42 0 0 2.99 1.1 2.21 10.42
AKHI 0 2.48 -0.41 -14.62 0 0 4.88 0.36 0.64 1.2
QGRI 0 1.07 0 6.7 0 0 5.06 0.3 -26.79 -45.51
QISI 0 8.7 0.23 0.18 0 0 6.88 0.57 11.98 23.54
DOHI 0 2.55 0.39 -0.85 0 0 5.82 0.22 5.01 13.46
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