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.

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.

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 ...

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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 ...

Riyadh – Rasan Information Technology Company set the price range for its initial public offering (IPO) between SAR 35 and SAR 37 per share, according to a recent press release. The final offer price ...

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 share apiece to raise SAR841m ...

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 ...

RIYADH – Rasan Information Technology Company (“Rasan” or the “Company” or the “Issuer”) and together with its subsidiaries (the “Group”), the leading FinTech and InsurTech services provider in the ...

According to data available with Argaam, Rasan earlier floated on TASI 22.7 million shares in May 2024, at SAR 37 each, making its market debut on June 13, 2024. Rasan’s stock closed today's trading ...