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Tawuniya's Overview

Total employees8075
HeadquartersRiyadh
Founded1985

The Company for Cooperative Insurance (Tawuniya) is the first nationally licensed insurance company in the Kingdom of Saudi Arabia, established in 1986. Headquartered in Riyadh, Tawuniya offers a wide array of insurance products and services tailored for individuals, small and medium-sized enterprises (SMEs), and large corporations. Their offerings include Medical, Motor, Property & Casualty, Marine, Engineering, Aviation, and Takaful (Islamic insurance) solutions. Tawuniya is committed to providing innovative and reliable insurance coverage, contributing to the Kingdom's economic development and Vision 2030.

Where is Tawuniya's Headquarters?

Tawuniya officeTawuniya officeTawuniya officeTawuniya office
*Images sourced via web search. Rights belong to original owners

HQ Function

The headquarters serves as the central command for all strategic planning, core operations, underwriting policy, claims management oversight, financial control, human resources, IT infrastructure, and marketing initiatives for the entire company.

Notable Features:

Tawuniya Towers are prominent, modern high-rise buildings that contribute to Riyadh's skyline. The facilities are equipped with advanced technology and designed to foster collaboration and efficiency, likely including state-of-the-art meeting spaces and employee amenities.

Work Culture:

The work culture at Tawuniya HQ is characterized by professionalism, a strong customer-centric approach, and adherence to Islamic (Sharia) principles in its Takaful operations. It emphasizes continuous improvement, innovation in insurance services, and employee development, within a collaborative environment that respects local Saudi Arabian values.

HQ Significance:

As the headquarters of Saudi Arabia's pioneering and one of its largest insurance providers, this location is pivotal to the nation's financial services sector. It symbolizes Tawuniya's leadership, stability, and commitment to serving the Saudi Arabian market and supporting the Kingdom's economic diversification goals.

Values Reflected in HQ: The modern architecture and strategic location of the headquarters reflect Tawuniya's values of leadership, innovation, financial strength, transparency, and dedication to providing world-class insurance services to its customers.

Location:

While Tawuniya's core operations and branch network are concentrated within the Kingdom of Saudi Arabia, it maintains a global outlook and reach. This is facilitated through services like international travel insurance and health plans with worldwide coverage. Furthermore, Tawuniya collaborates extensively with a global network of leading reinsurance companies to manage large-scale risks and diversify its portfolio, adhering to international best practices in the insurance industry. This global partnership network ensures robust capacity and expertise, particularly for complex corporate and specialized risks.

Street Address:

Tawuniya Towers, King Fahd Road, P.O. Box 86959

City:

Riyadh

State/Province:

Riyadh Province

Country:

Saudi Arabia

Tawuniya's Global Presence

Jeddah, Makkah Province, Saudi Arabia

Address: King Abdullah Road, Al Sharafiyah District, Jeddah (Example of a major branch; multiple locations exist)

To ensure accessible and localized insurance solutions and support for the significant population and diverse business community in Jeddah and the surrounding Western Province.

Dammam, Eastern Province, Saudi Arabia

Address: Prince Mohammed Bin Fahd Road, Al Mazruiyah, Dammam (Example of a major branch; multiple locations exist)

To deliver specialized insurance expertise and responsive services to the large industrial, commercial, and individual client base in the economically critical Eastern Province.

Abha, Asir Province, Saudi Arabia

Address: King Fahd Road, Abha (Example of a branch; multiple locations exist)

To extend Tawuniya's reach and provide accessible insurance services to the growing population and businesses in the Asir Province and surrounding southern areas.

Buying Intent Signals for Tawuniya

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

Executive Team of Tawuniya

As of April 2025, Tawuniya' leadership includes:

Mr. Sulaiman Nasser Al Humaid - Chairman of the Board
Mr. Abdulaziz Hassan Al-Boug - Chief Executive Officer (CEO)
Mr. Mansour H. Alrashed - Acting Chief Financial Officer (CFO)
Mr. Adel A. Al-Hamoudi - Chief of Health Insurance
Mr. Majed A. Al-Saleh - Chief of Motor Insurance
Mr. Turki M. Al-Nasser - Chief of Property & Casualty Insurance
Mr. Mohammed N. Alghofaily - Chief Investment Officer

Investors of Tawuniya

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

General Organization for Social Insurance (GOSI)
Publicly Traded on the Saudi Exchange (Tadawul: 8010)

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits0

During the past year, Tawuniya saw a key leadership transition in its finance division with the appointment of an Acting Chief Financial Officer. The company's executive team otherwise maintained stability, focusing on strategic growth and operational excellence.

New Appointments:

Mr. Mansour H. Alrashed, Mr. Mansour H. Alrashed was appointed as Acting Chief Financial Officer, bringing his financial expertise to the executive team.

Technology (Tech Stack) used by Tawuniya

Discover the tools Tawuniya uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Tawuniya Email Formats and Examples

Tawuniya typically utilizes a standardized email format for its employees, which commonly consists of the first initial of the first name followed by the full last name, all before the '@' symbol and the company domain. For instance, an employee named Saleh AlGhamdi would likely have an email address such as 'salghamdi@tawuniya.com.sa'.

[first_initial][last_name]@tawuniya.com.sa

Format

aalboug@tawuniya.com.sa (Illustrative example for CEO Abdulaziz Al-Boug)

Example

80%

Success rate

News and media

ArgaamMay 8, 2024

Tawuniya Q1 2024 Net Profit Jumps 80% to SAR 211.2M

The Company for Cooperative Insurance (Tawuniya) reported an 80% year-on-year surge in net profit to SAR 211.2 million for Q1 2024. This growth was attributed to improved underwriting results and increased investment income....more

ArgaamMay 1, 2024

Tawuniya shareholders approve FY23 financial statements, board report

Tawuniya's shareholders approved the company's financial statements for the fiscal year 2023, along with the board of directors' report and the auditor's report during the Ordinary General Meeting (OGM)....more

ZawyaFebruary 27, 2024

Tawuniya launches innovative insurance solutions at HRH Saudi Cup 2024

Tawuniya showcased its latest innovative insurance products and services during its strategic partnership with the HRH Saudi Cup 2024, emphasizing its commitment to providing advanced and tailored insurance solutions in the Kingdom....more

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