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 ...

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.'s IPO was 129.1 times oversubscribed, according to a statement on Wednesday. The offering was priced at SR37 a share, the top of a previously announced range ...

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 price range, according to ...