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.
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.
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.
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.
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.
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.
Tawuniya Towers, King Fahd Road, P.O. Box 86959
Riyadh
Riyadh 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.
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.
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.
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As of April 2025, Tawuniya' leadership includes:
Tawuniya has been backed by several prominent investors over the years, including:
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.
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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
Argaam • May 8, 2024
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
Argaam • May 1, 2024
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
Zawya • February 27, 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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