The latest Rasan financial results for the first nine months of 2026 showed a 64 percent rise in revenue to reach SAR 819 million. Based in Riyadh, Rasan Information Technology Company reported record quarterly revenue of SAR 301 million in the third quarter alone. Gross written premiums reached SAR 8.6 billion during the nine-month period, reflecting a 42 percent expansion compared to the prior year.
Core Drivers of Rasan Financial Results
Operating performance across retail and business segments contributed to the gains. The motor retail segment expanded 34 percent to generate SAR 331 million, marking its highest quarterly total. In addition, the motor leasing segment more than doubled to SAR 340 million as demand for connected automotive services increased across the market.
Expansion in Health and Newer Lines
Health insurance operations also advanced, rising 18 percent year-on-year across digital distribution channels. Newer offerings broadened overall income streams, led by domestic helper contract insurance integrated into the group’s software systems. These product rollouts supported the platform’s broader push to digitize specialized coverage lines via its consumer apps.
Operating Margins and Profitability
The company recorded an adjusted EBITDA of SAR 359 million, which represents a 92 percent increase year-on-year. Consequently, the adjusted EBITDA margin reached 43.8 percent as revenue outpaced overheads. Adjusted net profit increased 91 percent to SAR 330 million, while reported net profit reached SAR 284 million, reflecting a debt-free balance sheet and capital-light platform model.
“Rasan’s nine-month performance reflects a deliberate strategy: strengthen the core while widening the platform around it. Motor Retail delivered its strongest quarter on record. Our 64% revenue growth has been delivered profitably, not at the expense of margin. Our priorities are clear: to build on this momentum, deepen our leadership in the markets we serve, and create long-term value for shareholders while advancing the Kingdom’s Vision.”
Nicola Garelli, Chief Executive Officer of Rasan
Market Outlook and Platform Strategy
Listed on Tadawul under ticker 8313, Rasan operates established consumer platforms including Tameeni and Treza. The corporate strategy aligns with digital transformation goals across Saudi Arabia. Looking ahead, the firm plans to deepen institutional partnerships with insurers and banks to sustain long-term growth.
