Logo ofRasan Information Technology Co.
Rasan Information Technology Co.’s subsidiary Tameeni E-Insurance Broker Co., 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 the completion of the necessary procedures, the company said in a statement to Tadawul.
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The company expects this contract to have an impact exceeding 5% of the total revenue of Rasan, based on the latest audited annual financial statements.
The contract is anticipated to be signed on Aug. 15, 2025, the statement added, indicating that the deal covers providing mandatory insurance products for domestic workers through the Musaned platform.
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.
No related parties included in the deal.
The company further noted that Musaned 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.
According to data available on Argaam, the company’s revenue stood at SAR 358.33 million in 2024, of which 5% represents SAR 17.91 million.
Logo ofRasan Information Technology Co.
Rasan Information Technology Co.’s subsidiary Tameeni E-Insurance Broker Co., 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 the completion of the necessary procedures, the company said in a statement to Tadawul.
For more news on listed companies
The company expects this contract to have an impact exceeding 5% of the total revenue of Rasan, based on the latest audited annual financial statements.
The contract is anticipated to be signed on Aug. 15, 2025, the statement added, indicating that the deal covers providing mandatory insurance products for domestic workers through the Musaned platform.
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.
No related parties included in the deal.
The company further noted that Musaned 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.
According to data available on Argaam, the company’s revenue stood at SAR 358.33 million in 2024, of which 5% represents SAR 17.91 million.
