Rasan Information Technology Company has received initial approval from the Saudi Central Bank to establish Next Fin Solutions, a fully owned subsidiary dedicated to digital finance brokerage services. The approval marks a pivotal step in the company’s expansion into broader financial services beyond its established insurtech and leasing platforms. The move reflects both Rasan’s rising ambitions and the accelerating digitization of the Kingdom’s financial sector.
Details of the SAMA Approval
The company confirmed that the Saudi Central Bank granted its initial approval on 18 November 2025, allowing Rasan to begin formal regulatory procedures for the incorporation of Next Fin Solutions. This step enables the company to build the operational and compliance foundations required for digital brokerage activities. Rasan stated that the approval represents a material advancement of its long term strategy.
Strategic Rationale for the New Subsidiary
Rasan intends for Next Fin Solutions to strengthen its presence across the financial services value chain and open new growth channels in the Saudi market. By entering digital finance brokerage, the company seeks to diversify revenues and bring technology driven efficiencies to another segment of financial services. The subsidiary will also complement Rasan’s existing businesses, including Tameeni and Treza, by broadening the company’s reach and capabilities.
Expanding Digital Financial Services
The launch aligns with Rasan’s broader mission to accelerate digital transformation in insurance and financial services across the Kingdom. Over the years, the company has modernized key sectors through digital platforms, improved transparency, and increased consumer accessibility. With Next Fin Solutions, Rasan aims to replicate this model in financing and credit brokerage.
Financial Performance Supporting Growth
Rasan enters this phase of expansion backed by strong financial results, including a 187 percent surge in profits during the first nine months of 2025. This growth underscores both the scalability of its existing platforms and the market demand for technology led financial services. The company believes that the new subsidiary will build on this momentum and contribute additional long term value.
Contribution to Saudi Arabia’s Vision
The company’s growing role in digital finance aligns closely with the goals of Saudi Vision 2030, which aims to create a more diversified, innovative, and competitive national economy. Rasan’s platforms support financial inclusion and empower consumers and businesses through transparent and efficient digital tools. The establishment of Next Fin Solutions serves as another step toward strengthening Saudi Arabia’s modern financial ecosystem.
The initial approval by the Saudi Central Bank represents a significant milestone for Rasan as it advances its strategy to expand into new digital financial verticals. By launching Next Fin Solutions, the company is positioning itself to play a larger role in the Kingdom’s future ready financial sector. As regulatory procedures progress, Rasan is set to deepen its impact on the evolving digital finance landscape.