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 take pride in introducing ourselves as one of the leading insurance and reinsurance company in the Kingdom of Saudi Arabia with a fully paid-up capital of SAR 646 million.
We have been assigned an (A-) Insurance Financial Strength Rating (IFSR) by S&P Global Ratings and (gcAAA) GCC regional scale financial strength credit rating, both with a 'stable' outlook. Moody’s Investors Service rated Walaa with a financial strength rating of (A3).
Headquartered in Al-Khobar - Eastern province, the oil hub of the Kingdom, we serve our clients all over the Kingdom through three regional offices and more than 70 retail offices.
To position ourselves as one of the leading insurance and reinsurance company in the Saudi market providing all classes of Shariyah compliant products in all sectors and to all cross-sections of the society.
We are committed to providing 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