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Rasan Information Technology Company
Rasan runs digital platforms that let people in Saudi Arabia buy insurance and manage their money without visiting a branch.
Rasan is a Saudi technology company that helps people buy insurance and handle everyday financial chores from their phones. Its best-known app is Tameeni, a comparison site where you type in some details about your car or your health and get quotes from several insurers side by side, then buy the policy right there. Think of it as a shopping mall for insurance, except the stores are insurance companies competing for your business. Rasan also runs Treza, which helps brokers and businesses manage policies and claims, and Awal Mazad, an online auction platform for used cars and other assets. The company makes money by taking a cut of the insurance policies sold through its platforms and by charging fees for its software and auction services.
The core insight behind Tameeni is simple. Buying insurance used to be a slog: call a broker, wait for quotes, fill out paperwork, try to compare offers that are hard to line up. Rasan flipped that into a few taps. For insurers, the platform is a cheap way to reach customers without paying for branches and agents. For customers, it is speed and transparency. That two-sided setup is what makes the business tick, and it is why insurance is the biggest part of what Rasan does today. Rasan is listed on the Saudi stock exchange, and it sits in a market where regulators have been pushing insurance and financial services online. That tailwind matters. Saudi Arabia has a young, phone-obsessed population and a government keen to digitize finance, which gives Rasan room to grow. The risk is that it depends heavily on partnerships with insurers and on regulators staying friendly to digital distribution. If insurers decide to build their own apps or the rules tighten, the middleman position gets less comfortable.
The business is asset-light: no factories, no branches, mostly software and people. That means cash flow can be strong when it scales, and the company has been investing in growing its platforms and brand rather than sitting on the money. It is still a young public company, so the story is less about dividends and more about whether it can keep winning customers and add new financial products on top of insurance. So far, the bet is that Saudis would rather compare and buy online than deal with a broker, and Rasan is the app they open to do it.
Saved answer · last researched 12 Nov 2026