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Walaa Cooperative Insurance Co.
What Does Walaa Cooperative Insurance Co. Do?
Walaa Cooperative Insurance Company is a prominent Saudi joint stock company offering a comprehensive range of cooperative insurance services in accordance with Sharia principles. Formed through strategic mergers, including with MetLife AIG ANB and SABB Takaful, Walaa has established itself as a significant player in the Saudi insurance market, known for its diverse product portfolio catering to individuals and businesses.
Where Is Walaa Cooperative Insurance Co.'s Headquarters?
HQ Function
Serves as the central hub for Walaa Insurance's strategic decision-making, corporate governance, underwriting policy, claims management oversight, and overall business operations across Saudi Arabia.
Notable Features:
Located in Al Anud Tower 2, a prominent landmark in Al Khobar, offering modern office facilities and a strategic business location.
Work Culture:
A professional and collaborative environment focused on customer service, ethical practices in line with Sharia principles, and fostering employee growth within the Saudi insurance sector.
HQ Significance:
The headquarters is pivotal for managing Walaa's extensive operations post-mergers, consolidating its market position, and driving its growth strategy within the Kingdom.
Values Reflected in HQ: The choice of a modern, prominent business tower reflects professionalism, ambition, and a commitment to being a leading player in the Saudi financial sector.
Location:
Walaa Insurance primarily operates within the Kingdom of Saudi Arabia, with an extensive network of branches and offices across all major regions. While its core focus is the domestic Saudi market, it engages with the global reinsurance market to manage risk and may have international partnerships related to its insurance and investment activities. Its 'global' aspect is more in terms of adhering to international standards and utilizing reinsurance than maintaining physical operational offices outside KSA.
Street Address:
King Saud Road, Al Anud Tower 2, 15th Floor
City:
Al Khobar
State/Province:
Eastern Province
Country:
Kingdom of Saudi Arabia
Where Else Does Walaa Cooperative Insurance Co. Operate Around the World?
Riyadh, Central Region, Kingdom of Saudi Arabia
Address: Central Region Main Office, King Fahd Road, Al Mohammadiyah District, Riyadh
To cater to the significant insurance market in Riyadh, the political and economic heart of Saudi Arabia, ensuring localized service and market penetration.
Jeddah, Western Region, Kingdom of Saudi Arabia
Address: Western Region Main Office, Madinah Road, Al-Rawdah District, Jeddah
To address the insurance needs of the diverse economy of the Western Region, including trade, logistics, and Hajj/Umrah related businesses.
Dammam, Eastern Province, Kingdom of Saudi Arabia
Address: Prince Mohammed Bin Fahd Road, Dammam
To serve the insurance requirements of the industrial and commercial sectors in Dammam and surrounding areas in the Eastern Province.
Buying Intent Signals for Walaa Cooperative Insurance Co.
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.
Who's Leading Walaa Cooperative Insurance Co.? Meet the Executive Team
As of April 2025, Walaa Cooperative Insurance Co.' leadership includes:
Who's Investing in Walaa Cooperative Insurance Co.?
Walaa Cooperative Insurance Co. has been backed by several prominent investors over the years, including:
What Leadership Changes Has Walaa Cooperative Insurance Co. Seen Recently?
Walaa Insurance saw a key transition in its finance leadership in early 2023 with the appointment of a new CFO. The company generally maintains a stable executive leadership team, with periodic adjustments to board memberships reflecting shareholder representation. No other major C-suite changes have been publicly announced in the immediate last 12 months.
Departures
New Appointments:
What Technology (Tech Stack) Is Used byWalaa Cooperative Insurance Co.?
Discover the tools Walaa Cooperative Insurance Co. uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
Walaa Cooperative Insurance Co. Email Formats and Examples
Walaa Insurance likely utilizes standard corporate email address formats. The most common patterns typically involve combinations of an employee's first name, last name, or initials, followed by the company domain '@walaa.com'.
[first_initial][last]@walaa.com (e.g., jsmith@walaa.com) or [first].[last]@walaa.com (e.g., john.smith@walaa.com)
Format
jsmith@walaa.com
Example
75%
Success rate
What's the Latest News About Walaa Cooperative Insurance Co.?
Argaam • May 8, 2024
Walaa Insurance Q1 2024 net profit jumps 25% to SAR 60.3M
Walaa Cooperative Insurance Co. reported a net profit before Zakat of SAR 60.26 million for the first quarter of 2024, a 25.25% increase from SAR 48.11 million in Q1 2023. This growth was attributed to improved net underwriting results and higher investment income....more
Argaam / S&P Global Ratings • August 2, 2023
S&P affirms Walaa Insurance 'A-' rating; outlook stable
S&P Global Ratings reaffirmed its 'A-' long-term insurer financial strength and issuer credit ratings on Walaa Cooperative Insurance Co. The outlook remains stable, reflecting the company's strong market position, solid capitalization, and prudent underwriting practices following its recent mergers....more
Tadawul • March 19, 2024
Walaa Insurance Board Recommends 5% Cash Dividend for 2023
Walaa Cooperative Insurance Company's Board of Directors recommended distributing a cash dividend of SAR 0.50 per share, or 5% of the share’s nominal value, for the fiscal year 2023. This recommendation is subject to shareholders' approval....more
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