About Rasan
Rasan is a company based in Riyadh (Saudi Arabia) founded in 2015 by Moayad Alfallaj. Rasan has raised $24 million across 1 funding round from investors including Impact46. Rasan operates in a competitive market with competitors including Al Rajhi Takaful, among others.
- Annual Revenue$653.25 M82.3as on Dec 31, 2025
- Net Profit$246.81 M160.54as on Dec 31, 2025
- EBITDA$276.93 M143.82as on Dec 31, 2025
- Total Equity Funding$24M (USD)
in 1 rounds
- Latest Funding Round$24M (USD), Series B
Nov 2021
- Investors
Funding Insights of Rasan
Rasan has successfully raised a total of $24M through 1 strategic funding round. The most recent funding activity was a Series B round of $24 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24M
- Total Rounds 1
- Last Round Series B — $24M
- First Round $24M
(Nov 2021)
- Investors Count 1
All 1 funding rounds of Rasan with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2021 | $24M | Series B | – | Impact46 | – |
1 investors in total: 1 institutional.
Investors in Rasan
Rasan has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Impact46.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on seed and growth investments | – | impact46.sa | Riyadh, Saudi Arabia |
Investor details for Rasan
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Rasan
57 people are tracked at Rasan (8 in leadership, 49 in team).
| Name | Role | Group |
|---|---|---|
Moayad Alfallaj | Co-Founder & CEO | Leadership |
Anwar Matar | IT Director | Leadership |
Dmitry Rykov | Data Science and Analytics Vice President | Leadership |
Abdulrahman Alharbi | CTO | Leadership |
Ahmed Farouk | Director - Data Architecture And Analytics | Leadership |
Miguel Colominas | Chief Growth Officer | Leadership |
Zaki Alismail | Chief Corporate Affairs And Compliance Officer | Leadership |
Moustafa Eraky | VP Of Products | Leadership |
Shrouk Mohamed | Quality Control Engineer | Team |
Barkat Khan | Business Development Sr. Manager | Team |
Mohammad Hijjawi | IT Operations Manager | Team |
Amira Hossam | Senior Business Analyst | Team |
Hassan Mubarak | Senior Operations Officer | Team |
mohamed tourky | Site Reliability Engineer | Team |
Amjad Yahya | Senior Integration Engineer Manager | Team |
Samarah Zaidan | Research Analyst | Team |
Mohmadraza Gabharani | Senior Dotnet Developer | Team |
Mohamed Aatef ☁️ | Partnership - Alliance Manager (Tameeni - Awal Mazad - Warshti) | Team |
Mohmedsadiq Modan | Integration Team Lead | Team |
Hiren Solanki | IT Operation Manager | Team |
37 more people are available in the full profile.
Complete people profiles for Rasan
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Rasan
Rasan is a publicly listed company on the TADAWUL with ticker symbol 8313 in Saudi Arabia, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date13 Jun 2024
- Listed onTADAWUL: 8313
- Listed entityRasan Information Technology Co.
- Exchange sectorTechnology services
- ISINSA162GIK1SH5
- Share price139.70 SAR (-4.64% on the day) · 2026-10-08
- Market capitalisation10,827,728,192.00 SAR
- Price to earnings31.0
- EPS (diluted, trailing year)4.51 SAR
- Volume (last session)542,146
Financials of Rasan
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 653.2M SAR | 246.8M SAR | 276.9M SAR |
| 2024 | 358.3M SAR | 94.7M SAR | 113.6M SAR |
| 2023 | 256.2M SAR | 46.0M SAR | 63.9M SAR |
| 2022 | 162.5M SAR | 34.4M SAR | 51.2M SAR |
| 2021 | 86.9M SAR | 35.3M SAR | 39.8M SAR |
Detailed financial statements for Rasan
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Rasan
3 dated milestones of Rasan across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Rasan is founded.
- Funding First funding round of $24.0M.
- IPO Lists on the stock exchange (IPO).
Competitors of Rasan
Rasan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Al Rajhi Takaful, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| alrajhitakaful.com | 2010 | Riyadh, Saudi Arabia | – | – | Sharia-compliant takaful insurance is offered for diverse risks. |
Detailed competitors of Rasan
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Rasan
The website of Rasan (rasan.co) receives about 13.9K visits a month.
- Monthly visits13.9K
▼ 41.8% vs previous month
Websites whose visitors overlap most with Rasan. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mrsool.co | 100% | 154.4K | #219,260 | View details |
Latest news on Rasan
Complete news archive for Rasan
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Rasan
10 companies that operate in the same segment as Rasan (Insurance & Risk Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Health insurance plans are offered for individuals and families. | 2006 | Chennai, Tamil Nadu, India | USD 783.29 M | USD 1.9 B | 15,820 | |
Life, health, and general insurance services are provided across India. | 2001 | Mumbai, Maharashtra, India | USD 306.52 M | USD 2.88 B | 16,700 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Life Insurance joint venture between SBI and BNP Paribas Cardiff | 2000 | Mumbai, Maharashtra, India | USD 264 M | USD 14.28 B | 26,360 | |
Insurance, banking, and wealth management services are provided worldwide. | 1816 | Paris, France | – | USD 128.35 B | 100,040 | |
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | – | – | |
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States | – | – | – | |
Cloud-based employee benefits administration solutions are delivered. | 1998 | West Des Moines, Iowa, United States | USD 65.16 M | – | – |
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Frequently Asked Questions about Rasan
Rasan was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Rasan is headquartered in Riyadh, Saudi Arabia.
Moayad Alfallaj is the current CEO of Rasan. They have also founded this company.
Rasan is a funded company, having raised a total of $24M across 1 funding round to date. The company's 1st funding round was a Series B of $24M, raised on Nov 2021.
Rasan was founded in 2015 in Riyadh, Saudi Arabia, focusing on insurtech and automotive services. Digital platforms are provided for insurance aggregation, B2B leasing insurance, and online auctions of salvage and repossessed vehicles. Car repair services are offered through a network of workshops, while data analytics solutions are delivered to insurance companies for portfolio monitoring and pricing optimization.
Rasan's top competitors include Al Rajhi Takaful.
Yes, Rasan is publicly traded on TADAWUL under the ticker symbol 8313.
Rasan has 1 investor. Key investors include Impact46.