Profile: WALAA | Saudi United Cooperative Insurance Company

SAUDI STOCK EXCHANGE (TADAWUL)Trading Hours: Sun - Thu 10:00 am-3:00 pm

Saudi United Cooperative Insurance Company WALAA
WALAA 0.65%
Insurance 1.54%
TASI 0.43%
Last Value
% Change
Price in SAR Last Update : 02 Aug 2017 11:00 am (local time)


Corporate Details
Symbol WALAA
Exchange Saudi Arabia
Sector Insurance
Auditors PricewaterhouseCoopers
Deloitte & Touche
Company Description

Saudi United Cooperative Insurance Company (WALAA) is engaged in cooperative insurance, reinsurance and all related businesses such as well as agencies, representation, correspondence and brokerage. The principal activities of the Company are to transact cooperative insurance operations and all related activities in accordance with the Law on Supervision of Cooperative Insurance Companies (the “Law”) and its implementing regulations in the Kingdom of Saudi Arabia.

Company Activities

Walaa provides full range of insurance coverage in the areas of property insurance, engineering insurance, motor insurance, marine insurance, medical insurance and miscellaneous accidents.

Equity Profile
Date Established Jul 5, 2007
Listing Date N/A
Paid-up Capital (SAR) 200,000,000
Outstanding Shares 20,000,000
Shares Per Value 10
Contact Information

Khobar, King Abdullah Road (Dhahran), Rabiah & Nasser Bldg, Dhahran Street, P.O. Box 31616, Al-Khobar 31952, Kingdom of Saudi Arabia

+966 13 865 2200

+966 13 865 2255



Company History

Walaa Insurance Company is a Saudi joint stock company engaged in underwriting various types of insurance business based on the principles of cooperative insurance under the supervision of Saudi Arabian Monetary Agency ( SAMA )

Board Members & Senior Management
Mr. Sulaiman Al-Kadi Chairman
Mr. Abdullah Al-Othman Vice Chairman
Mr. Johnson Varugese CEO
Mr. Jameel A. Al Molhem Board of Directors
Mr. Hassan Al-Kabbani Board of Directors
Mr. Khalid Al-Rajhi Board of Directors
Mr.Walid Al-Shoaibi Board of Directors
Mr. Walid Al-Jaaferi Board of Directors
Mr. Abdulaziz Al-Rebdi Board of Directors
Mr. Wasif Al-Jabsheh Board of Directors
Dr. Solaiman Al-Twaijri Board of Directors
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