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Malath Cooperative Insurance and Reinsurance Company (Malath Insurance) is a Saudi joint-stock company established in 2007. It operates within the cooperative insurance sector in Saudi Arabia, offering a diverse portfolio of insurance products for both individuals and corporate clients. Key products include motor, medical, property, engineering, marine, aviation, and general accident insurance. Malath Insurance is committed to providing innovative and comprehensive insurance solutions in compliance with Sharia principles and aims to be a leading insurer in the Kingdom.
The headquarters serves as the central command for all strategic, operational, and administrative functions of Malath Insurance, including underwriting policy, claims management, and corporate governance.
A modern office facility located in a prominent business area of Riyadh, designed to foster collaboration and operational efficiency for its staff and client interactions.
Malath Insurance fosters a professional work environment centered on Islamic finance principles, customer service excellence, ethical conduct, and continuous development of its employees to navigate the dynamic insurance market.
The Riyadh headquarters is crucial for steering the company's growth, managing its extensive network of branches across Saudi Arabia, and ensuring adherence to the regulatory framework set by the Saudi Central Bank (SAMA).
Malath Cooperative Insurance Co. primarily concentrates its operations within the Kingdom of Saudi Arabia, serving the domestic insurance market. Its global engagement is predominantly through strategic reinsurance partnerships with international reinsurance companies. These relationships are vital for managing large-scale risks, optimizing capital efficiency, and ensuring robust coverage capacity. Functions supported globally include risk cession, claims recovery from reinsurers, and adherence to international financial and underwriting standards in its reinsurance dealings.
King Fahad Road, Al Aqeeq district, Building No. 7170
Riyadh
Riyadh Province
Saudi Arabia
Address: Al-Hamra District, Palestine Street, Al-Nawras Commercial Center, Office No. (21 - 22), Jeddah
To enhance service accessibility and provide localized support to the significant population and business community in Jeddah and the surrounding western region.
Address: Al Mazruiyah District, Prince Muhammad Bin Fahd Road, Al Sanea Tower 4, Office (504), Dammam
To address the specific insurance requirements of the economically vital Eastern Province and deliver prompt, localized services to corporate and individual clients.
Address: Al-Ulaya District, King Fahd Road, Fouad Center Tower, Office No. (401), Al Khobar
To expand Malath's operational footprint and customer service capabilities within the dynamic Eastern Province market.
Address: Al Manhal District, King Abdulaziz Road, Abha
To cater to the insurance needs of the Asir Province, supporting local economic activities and providing accessible insurance solutions.
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As of April 2025, Malath Insurance ' leadership includes:
Malath Insurance has been backed by several prominent investors over the years, including:
Over the past year, Malath Cooperative Insurance Co. has experienced notable transitions in its executive leadership and board composition. Key changes include the resignation of the CEO and the subsequent appointment of an acting CEO, alongside several adjustments to its Board of Directors and Audit Committee.
Discover the tools Malath Insurance uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
Malath Cooperative Insurance Co. typically employs standard corporate email address formats for its employees, based on their names and the official company domain (malath.com.sa). Common patterns include using the first initial followed by the last name, or a combination of first name and last name separated by a dot.
[first_initial][last_name]@malath.com.sa (e.g., jdoe@malath.com.sa) or [first_name].[last_name]@malath.com.sa (e.g., john.doe@malath.com.sa)
Format
m.algarni@malath.com.sa
Example
80%
Success rate
Argaam • May 09, 2024
Malath Cooperative Insurance Co. announced a net profit of SAR 17.1 million for the first quarter of 2024, a significant improvement from a net loss of SAR 20.7 million in the same period last year. The positive result was driven by better underwriting performance and increased investment income....more
Argaam • May 02, 2024
Malath Cooperative Insurance Co. confirmed the appointment of Mohammed Ali Al-Garni as its acting Chief Executive Officer, effective May 1, 2024. This followed the resignation of the previous CEO, Fawaz Al Hijji....more
Argaam • April 21, 2024
Malath Cooperative Insurance Co. received approval from the Saudi Central Bank (SAMA) to introduce a new insurance product. This development allows the company to expand its portfolio and offer more diverse solutions to its customers in Saudi Arabia....more
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