Rasan
A Saudi insurtech company that owns Tameeni, a platform for comparing and buying insurance, and Treza, a platform for banks and leasing companies
Rasan Information Technology is a Saudi company founded in Riyadh in 2016 that owns the Tameeni platform. It listed on Tadawul in June 2024, and its revenue reached 653 million riyals in 2025.
Listed on Tadawul's main market since June 13, 2024 (ticker 8313)
What does Rasan do?
Rasan was founded in Riyadh in 2016 with capital of 3 million riyals by seven Saudi founders from the private sector, among them Moayad Alfallaj. In 2017 it launched Tameeni, a platform for comparing car insurance prices and buying online. It then expanded into medical insurance, car auctions (Awwal Mazad) and Treza, a platform for banks and leasing companies. Its shares listed on Tadawul's main market in June 2024 at 37 riyals.
Products
A platform for comparing car insurance, medical insurance and other product offers from multiple insurers, with online purchase and payment
A platform that connects banks and leasing companies with insurers to issue and manage insurance for financed and leased cars
An online auction for used, repossessed and damaged cars from insurers, banks and leasing companies
Key features
- Compare offers from several insurers in one place
- Automatic data entry through integration with entities such as Najm and Elm
- Online payment and installments
- Online insurance brokerage license from the Saudi Central Bank since 2023
- Until 2023, Tameeni operated under the license of Insurance House Company, an insurance broker 60% owned by a member of the founding families. Tameeni then received its own license from the Saudi Central Bank in May 2023
- Impact46 funds, the only institutional investor before the offering, sold their entire 17.16% stake in March 2025 at 69 riyals a share
- The prospectus shows no government shareholder or sovereign fund
- In August 2026 Moayad Alfallaj moved to chair the board, and Nicola Garelli became CEO effective October 5, 2026
The documentary
Funding rounds
| Round | Date | Amount | Lead | Investors | Source |
|---|---|---|---|---|---|
| IPO (IPO) | June 2024 | $224M | Saudi Fransi Capital | Source | |
| Pre-IPO | January 2021 | $24M | Impact46 | Impact46 | Source |
Key investors
Founders
Common questions about Rasan
When was Rasan founded?
It was founded in Riyadh on May 12, 2016 with capital of 3 million riyals, and launched Tameeni in 2017.
What is Rasan's connection to Tameeni?
Tameeni is Rasan's main platform, and compares insurance prices from several insurers in one place.
When did Rasan list on Tadawul?
On June 13, 2024 at 37 riyals. The stock rose 30% on its first trading day, the maximum allowed.
Is Rasan a unicorn?
Yes. Its market value in October 2026 was about 10.46 billion riyals, or about $2.8 billion.