Rasan Information Technology Co. — Capital/Financing Update 2025

Jul 28, 2025

Rasan Information Technology Company announces that its subsidiary, Tameeni Electronic Insurance Broker Company, has received a notification of award for the tender to provide insurance products for domestic workers through the Musaned Platform.

8313 · 28/07/2025 08:00:25 · Announcement #89024 · View on Saudi Exchange

Rasan Information Technology Company announces that its subsidiary, Tameeni Electronic Insurance Broker Company, has received a notification of award for the tender to provide insurance products for domestic workers through the Musaned Platform.

Element List	Explanation
Introduction	Rasan Information Technology Company announces that its subsidiary, Tameeni Electronic Insurance Broker Company, has received a notification of award for the tender to provide insurance products for domestic workers through the Musaned platform, which is developed and operated by Takamol Holding. Service delivery will commence following the signing of the contract with Takamol Holding and and the completion of the necessary procedures.
Date of the Award	2025-07-27 Corresponding to 1447-02-02
Counterparty	Takamol Holding Company
Contract Value	The company expects this contract to have an impact exceeding 5% of the total revenue of Rasan Information Technology Company, based on the latest audited annual financial statements.
Expected Date for Signing the Contract	2025-08-15 Corresponding to 1447-02-21
Contract Details	Providing mandatory insurance products for domestic workers through the Musaned platform, which is developed and operated by Takamol Holding. The project aims to enhance the insurance protection framework for contracts concluded with domestic workers by offering a comprehensive insurance product that provides the mandatory coverage in accordance with applicable regulations and legislations, and in alignment with the standardized format of the compulsory insurance policy for domestic labor contracts.
Related Parties	None .
Additional Information	The “Musaned” platform is one of the initiatives of the Ministry of Human Resources and Social Development. It aims to regulate and facilitate domestic labor recruitment services. The platform is developed and operated by Takamol Holding.

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