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About Us

About Us

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

Headquartered in Al-Khobar, the oil hub of the Kingdom, we serve our clients all over the Kingdom.

Quality Policy

We at Walaa Cooperative Insurance Company are aiming to become one of the leading insurer for all classes of products to all section of the society.

We are committed to provide high quality services and competitive insurance products through qualified, professional and committed staff to meet and exceed the expectation of our stakeholders by inculcating our business core values in our day to day operations.

We are striving to achieve this by

  • Inculcating our core corporate value in our employees and service providers.
  • Creating culture of teamwork encouraging employees to work together for the benefit of the company and to provide value added services to the clients.
  • Identifying areas of continuous learning and development for our employees to enhance their skills and competencies.
  • Ensuring performance by continually aligning our objectives to business needs.
  • Ensuring stakeholders business interest are met on priority.
  • Complying with local regulations and statutory requirements and continuously improving the effectiveness of the quality management system.

It is a culture and commitment embedded in our day-to-day operations.

Company Profile