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Walaa Cooperative Insurance Company JSC (Saudi Arabia)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Walaa Cooperative Insurance Company JSC Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Saudi United Cooperative Insurance Company is a Saudi Arabia-based insurance company established on 27/06/2007 and is engaged in the provision of all kinds of cooperative insurance services. The Company provides general insurance and risk management for individuals, businesses, and large enterprises in the Kingdom of Saudi Arabia. Its products portfolio falls into six insurance segments: Property, which includes fire and allied perils insurance and property all risk insurance; Engineering, which includes contractors and erection all risk and contractors plant and machinery insurance; Motor insurance, which includes private car comprehensive insurance and commercial vehicle comprehensive insurance; Marine insurance, which includes marine cargo insurance and marine hull insurance; Medical insurance, which covers medical expanses associated with illness or any unforeseen accident, and miscellaneous accidents, which includes money insurance and fidelity guarantee insurance.

Headquarters
Adh Dhahran Al Khubar Al Janubiyah, Unit No: 8, Al-Khobar 34621-8615, P.O. Box 31616
Khobar; Eastern Province; Postal Code: 31952

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Website: http://www.walaa.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
June 27, 2007
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Company Performance
Financial values in the chart are available after Walaa Cooperative Insurance Company JSC report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-97.67%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
4.63%
Investments
100.06%
Receivables
-82.08%
Total equity
62.03%
Net Premiums Earned Trend
N/A
Net Profit Trend
-288.18%
Return on Equity (ROE)
N/A
Underwriting Expenses Ratio
37.72%

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