THE MIDDLE EAST’S
5. Rasan
Description: Insurtech and fintech company
Headquarters: Saudi Arabia
Date of Establishment: 2016
CEO & Co-founder: Moayad Alfallaj
Rasan is a fintech and insurtech company offering 18 products and services. It had over 13.6 million active users, as of December 2025. In 2025, its gross written premiums increased by over 30% to $2.3 billion, while revenue jumped 82.3% to $174.2 million and net profit climbed to $65.8 million. The company also introduced six new insurance products during the year. Rasan debuted on the Saudi Exchange (Tadawul) in 2024, reaching a market cap of $2.8 billion as of October 5, 2026.