What Does Malath Insurance Do?

Total employees465
HeadquartersRiyadh
Founded2007

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.

Where Is Malath Insurance 's Headquarters?

HQ Function

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.

Notable Features:

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.

Work Culture:

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.

HQ Significance:

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).

Values Reflected in HQ: The headquarters embodies Malath's core values of integrity, transparency, customer-centricity, and commitment to providing reliable Sharia-compliant insurance solutions.

Location:

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.

Street Address:

King Fahad Road, Al Aqeeq district, Building No. 7170

City:

Riyadh

State/Province:

Riyadh Province

Country:

Saudi Arabia

Where Else Does Malath Insurance Operate Around the World?

Jeddah, Makkah 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.

Dammam, Eastern Province, Saudi Arabia

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.

Al Khobar, Eastern Province, Saudi Arabia

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.

Abha, Asir Province, Saudi Arabia

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.

Buying Intent Signals for Malath Insurance

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Malath Insurance ? Meet the Executive Team

As of April 2025, Malath Insurance ' leadership includes:

Mohammed Ali Al-Garni - Acting Chief Executive Officer
Suliman S. Al-Luhaib - Chief Financial Officer
Muteb O. Al Harbi - Chief - Technical Affairs
Ahmed S. Al Dughaither - Chief - Sales & Marketing
Hani N. Al Khathlan - Chief - HR & Admin. Affairs
Amro K. Kayal - Chief - Risk & Compliance

Who's Investing in Malath Insurance ?

Malath Insurance has been backed by several prominent investors over the years, including:

Naseej International Trading Co.
Mohammed Abdulaziz Mohammed Al Habib And Partners For Investment
Fawaz Abdulaziz Alhokair & Partners Co.

What Leadership Changes Has Malath Insurance Seen Recently?

Hire3
Exits3

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.

Departures

Fawaz Abdulaziz Al Hijji, Fawaz Abdulaziz Al Hijji resigned as Chief Executive Officer.
Salman Abdulaziz Al-Badran, Salman Abdulaziz Al-Badran resigned as a Non-Executive Board Member.
Mohamed Hassan Elnaggar, Mohamed Hassan Elnaggar resigned as an Audit Committee Member.

New Appointments:

Mohammed Ali Al-Garni, Mohammed Ali Al-Garni appointed as Acting Chief Executive Officer.
Ahmed Mohammed Al-Debasi, Ahmed Mohammed Al-Debasi appointed as a Non-Executive Board Member.
Abdulrahman Mohammed Alrweta, Abdulrahman Mohammed Alrweta appointed as an Audit Committee Member.

What Technology (Tech Stack) Is Used byMalath Insurance ?

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 Insurance Email Formats and Examples

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

What's the Latest News About Malath Insurance ?

ArgaamMay 09, 2024

Malath Insurance Swings to Net Profit of SAR 17.1M in Q1 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

ArgaamMay 02, 2024

Malath Insurance Appoints Mohammed Al-Garni as Acting CEO

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

ArgaamApril 21, 2024

Malath Insurance Obtains SAMA Approval for New Insurance Product

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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