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Rasan closes at all-time high
29/01/2025
Argaam Exclusive
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Shares of Rasan Information Technology Co. gained 3% today, Jan. 29, at SAR 93.40 to record the highest close since debut on the Saudi Exchange (Tadawul), data compiled by Argaam showed.
The stock hit an intraday high today at SAR 96.20.
| Year High (SAR) | Year Low (SAR) |
| 96.20 | 40.70 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 96.20 | 40.70 |
Compared to the listing price of SAR 37 per share, the stock’s price jumped 152%.
Market Data :
| Open | 95.60 |
| Low | 93.65 |
| High | 95.80 |
| Previous Close | 95.60 |
| Change (3M) | 12.98 % |
| Change (6M) | 27.37 % |
| Market Value | 7,285.94 |
| Avg. Volume (3M) | 423,350.03 |
| Avg. Turnover (3M) | 38,108,904.88 |
| Avg. Transaction (3M) | 2,878.37 |
| Change(12M) | 75.37 % |
| YTD | 8.80 % |
The company has not amended its capital since listing on Tadawul in June 2024.
However, Rasan shareholders are set to vote on increasing the company's capital by 2.25% to be allocated for the employee stock program (long-term incentive plan), in an extraordinary general meeting (EGM) to be held on Feb. 6.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Employee Bonuses | 77.51 | 2.26% |
| 2024 | IPO | 75.80 | 7.52% |
Financial Performance :
Overview :
Rasan Information Technology Co. was established as a limited liability company in Riyadh in 2016, with capital of SAR 3 million, subsequently in 2022, it was converted into a closed joint stock company.
The company’s actual activities are represented in providing a number of products and platforms to retail, corporate, and SMEs clients within the financial technology (fintech) sector. The firm operates across four business segments. The core business, insurance (auto & health), gener...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 7,285.95 |
| Shares Outstanding ((M)) | 77.51 |
| EPS ( ) (TTM) | 1.95 |
| Book Value (BV) ( Riyal) (Latest announcement) | 6.55 |
| Recurring P/E | 45.47 |
| Price/book | 14.36 |
| Dividend Yield (%) (Last Year) | - |
| Return on Average Assets (%) (TTM) | 19.85 |
| Return on Average Equity (%) (TTM) | 36.00 |
| Par Value ( Riyal) | 1.00 |
| Enterprise Value (EV) (M Riyal) | 6,751.52 |
| EV/adj EBITDA | 38.17 |
| EV/Revenues | 14.29 |
Call Request
Comments Analysis: