Gross Profit: SAR 465 million, up 95% year-over-year, with margin expanding to 71.2% from 66.5% Adjusted EBITDA: SAR 293 million, up 158% year-over-year, with margin reaching 44.9% versus 31.7% in FY ...

Rasan Information Technology Co., along with its shareholders, aims to raise up to 841 million riyals ($224 million) in an initial public offering in Riyadh, marking one of the first IPOs by a fintech ...

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.

Rasan Information Technology Co. received initial approval on Nov. 18 from the Saudi Central Bank (SAMA) to establish Next Fin Solutions Co. The new entity will be wholly owned by Rasan and will ...

Saudi fintech company Rasan intends to sell a 30% stake in an IPO in Riyadh, becoming one of the first public companies in this sector in Saudi Arabia. This is reported in the Rasan press release.

Rasan Information Technology Co.'s are set to vote on increasing the company's capital from SAR 75.8 million to SAR 77.51 million by capitalizing part of the retained earnings, in an extraordinary ...

Adjusted EBITDA margin expanded by 13.2 percentage points, demonstrating significant operating leverage as revenue grew 82% while operating expenses increased at a substantially lower rate. Adjusted ...

Rasan delivered strong growth across all business segments, with Motor Retail, Motor Leasing, and Health all demonstrating robust momentum. The company successfully launched multiple new products ...

Rasan delivered strong growth across all business segments, with Motor Retail, Motor Leasing, and Health all demonstrating robust momentum. The company successfully launched multiple new products ...