Saudi United Cooperative Insurance Company

Established on october 9th 2006 under the name of saudi united cooperative insurance company wala a is a relatively new company in the saudi market. Walaa cooperative insurance company to provide multiple insurance coverage to advanced petrochemical company. Uca s head quarter is located in jeddah ksa.

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Authorized to practice insurance and reinsurance activities in ksa by commercial registration number 4030179955.

Saudi united cooperative insurance company. Saudi united cooperative insurance company wala a or the company is a saudi joint stock company established in accordance with royal decree no. 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. Saudi joint stock co. Welcome to united cooperative assurance.

1 growth rate in local currency 2 ex saudi indian company for cooperative insurance 2017 premiums renewed in 2018 source. M 60 dated 18 09 1427h corresponding to 11 10 2006g and the ministerial resolution no. United cooperative insurance company appoints faisal hussein badran and khaled bakr alam as independent board members. The company started underwriting insurance business on 1st january 2009.

Share capital increase for the saudi insurance companies. Top 5 insurance companies per 2017 turnover. Owned at 60 by local businessmen and with the remaining 40 being placed on the stock exchange the company chosen wala a as its trade name which means loyalty in arabic. United cooperative assurance uca a cooperative insurance company listed on tadawul since may 2008 with a paid up capital of sar 400 million.

Licensed and regulated by saudi arabian monetary authority. 233 dated 16 9 1427h corresponding to 09 10 2006g with commercial registration. Capital 400 million saudi riyal. United nations development programme launches new partnership to support economic development in indonesia.