THE MIDDLE EAST’S

3. Rasan

Description: Insurtech and banking solutions
Headquarters: Saudi Arabia
Date of Establishment: 2016
CEO & Cofounder: Moayad Alfallaj

Rasan, a fintech and insurtech company, enables customers to compare and purchase insurance policies through its subsidiary, Tameeni. Now operating independently, Tameeni offers motor, health, travel, domestic helper, and medical malpractice insurance. Rasan’s portfolio also includes Awalmazad, a car auction platform, and Treza, a B2B leasing insurance solution. In 2024, Rasan went public on the Saudi Exchange (Tadawul) with its market cap hitting $1.9 billion, as of February 20, 2025. With operations in Saudi Arabia, Egypt, and the U.A.E., it serves 13.6 million customers and has partnered with over 60 insurers, banks, and government entities, as of December 2024.