DUBAI, May 22 (Reuters) - Saudi Arabian fintech firm Rasan Information Technology has priced its initial public offering on the local bourse at 37 riyals per share, at the top of its indicative ...

Riyadh/Dubai: Rasan, a Saudi-owned Fintech and Insurtech company, participates at GITEX Global 2021, which was held from 17 th to 20 th October at the Dubai World Trade Center, to help drive ...

DUBAI: Rasan Information Technology Co and its shareholders are looking to raise as much as 841 million riyals (US$224mil) in one of the first initial public offerings (IPOs) by a financial ...

Rasan offers insurance and banking solutions through Tameeni Motor, Tameeni SME Health, and Treza, among other platforms. As of July 2022, it had eight million users. Tameeni enables retail customers ...

Founded in 2016, Rasan is the kingdom’s largest insurance aggregator, operating platforms such as Tameeni and Treza. It had revenues of 256mn riyals in 2023 and income of 46mn riyals.

Rasan Information Technology Co. and its shareholders are looking to raise as much as 841 million riyals ($224 million) in one of the first initial public offerings by a fintech firm in Saudi Arabia.

Home; Industry; Finance; Saudi fintech firm Rasan’s $224m IPO oversubscribed 129.1 times. The company priced its IPO at the top of the previously announced range, selling its shares at SAR37 per ...

Rasan plans to sell 5.3 million new shares, while existing shareholders will offer 17.4 million shares. This IPO could value the company, which operates the insurance platform Tameeni , at up to ...

Saudi-based fintech Rasan Information Technology Co. is set to offer 22.74 million shares for an initial public offering on the Kingdom’s main market. The company, ...

Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom.. Rasan and its ...

Rasan is a fintech and insurtech company serving individual consumers and corporates in the Middle East. Its flagship product, Tameeni, a digital insurance aggregator in Saudi Arabia, provides ...

Rasan is offering 5.3 million new shares and 17.4 million existing shares to investors – equivalent to 30 per cent of the company’s paid-up capital.