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walaa@walaa.com
920001742/ 8001199222

E-mail : walaa@walaa.com

PHONE : 920001742/ 8001199222

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Board and Management

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Board and Management

Suliman A. Al Kadi

Chairman of The Board

Suliman A. Al Kadi

Chairman of the Board of Directors of Walaa Cooperative Insurance Company ,Vice Chairman - Saudi Electricity Company ,Vice Chairman - Basic Chemical Industries Company, Board Member - Saudi Hollandi Bank and Board Member - Chemical Development Company

Academic Qualification : Bachelor of Petroleum Engineering from Texas University in 1964, USA

Experience: April 2000 – November 11, 2005: CEO of Saudi Electricity Company

Khalifa Al-Mulhim

Vice Chairman

Khalifa Al-Mulhim

Wasef S. A. Jabsheh

Board Member

Wasef S. A. Jabsheh

Dr. Solaiman A. Al-Twaijri

Board Member

Dr. Solaiman A. Al-Twaijri

Waleed M. Al Jaafari

Board Member

Waleed M. Al Jaafari

Abdulrahman Balghunaim

Board Member

Abdulrahman Balghunaim

Hatem Balghoneim

Board Member

Hatem Balghoneim

Abdulaziz Al Sheikh

Board Member

Abdulaziz Al Sheikh

Jamil Al Mulhim

Board Member

Jamil Al Mulhim

Khalid Al Omran

Board Member

Khalid Al Omran

Hisham Al Jaber

Board Member

Hisham Al Jaber

Johnson Varughese

Chief Executive Officer

Johnson Varughese

CEO

A Chartered Accountant with +30 years of professional experience in lead-managerial roles in the region, and has been with Walaa since 2007. Prior to assuming this role, Mr. Varughese handled the role of CFO of the Company for 5-years

Salah M. Al Jaber

Chief Operating Officer

Salah M. Al Jaber

COO

Having a 27 years of experience, with an in depth knowledge of the Saudi insurance market.

Chairman of the Insurance Committee in the Eastern region Chamber of Commerce.

Wasif F. Minhas

Chief Underwriting officer

Wasif F. Minhas

Masters in Management from Sydney University, ACII and ARM, Wasif brings 21 years of experience working in core insurance function, joined Walaa in November 2008. Prior to assuming role of Chief Underwriting Officer, Wasif was working as Engineering and Causality Underwriter in Walaa.

The core operations of Walaa are grouped within the technical area comprising of underwriting and reinsurance function

Mohannad Al-Desouki

Chief Financial Officer

Mohannad Al-Desouki

About SULIMAN A. AL KADI

Whilst remaining customer-focused always, we strive for excellence in everything we do.

MESSAGE FROM CHAIRMAN

Whilst remaining customer-focused always, we strive for excellence in everything we do.

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About Company

Walaa Cooperative Insurance Company
A Saudi Joint Stock Company
Fully Paid Capital SAR 646m
UN No. 7001526578
VAT No. 300470754600003

Licensed & Supervised by
Saudi Central Bank (SAMA)
License No. TMN/16/20087

We take pride in introducing ourselves as one of the leading insurance and reinsurance companies in the Kingdom of Saudi Arabia with a fully paid-up Capital of SAR 646 million. We have been assigned an (A3) Insurance Financial Strength Rating (IFSR) with a stable outlook by Moody’s Investors Service, and rated by Standard & poor’s with a financial strength rating of BBB+ and the Company has secured gcAA+ long term Gulf Cooperation Council Regional scale financial strength credit rating, indicating that we are on a robust core insurance platform and have a commendable degree of financial strength to honor our Policyholders’ obligations

Contact Details

PHONE

920001742/ 8001199222

FAX

+966 (13) 865 2255

E-mail

walaa@walaa.com

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HEAD OFFICE - Al-Khobar

Adel Khashoggi Building, Custodian of the Two Holy Mosques Road, PO Box 31616, Al-Khobar 31952, K.S.A.

REGIONAL OFFICE - Riyadh.

Al Waha Dist. King Abdullah Road P.O. Box 8817, Riyadh 12444, K.S.A

Regional Office - Jeddah

King Abdulaziz Street, Opposite Saudi Arabian Airlines - The King Road Tower Building, 25th Floor - Office No. 2510-2509, P.O. Box 122037, Jeddah 21332, K.S.A.

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