Saudi United Cooperative Insurance

Top 5 insurance companies per 2017 turnover. Saudi joint stock co. The company for cooperative insurance tawuniya has signed an agreement which is the first of its kind in the saudi insurance market with vitality group the global leader in integrating wellness benefits with insurance products.

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Saudi united cooperative insurance. Part of discovery group vitality operates its shared value insurance model in 19 countries. Licensed and regulated by saudi arabian monetary authority. Uca s head quarter is located in jeddah ksa. 300470754600003 licensed supervised by saudi arabian monetary authority license no.

Rated a3 by moody s offer facultative and treaty solutions both on a proportional and non proportional basis. Share capital increase for the saudi insurance companies. 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. Saudi united cooperative insurance company one of the first insurance companies to be licensed by the saudi arabian monetary agency sama under the new regulations for the licensing governance for insurers operating within the kingdom of saudi arabia.

Walaa cooperative insurance company a saudi joint stock company fully paid capital sar 646m cr 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. Welcome to united cooperative assurance. The first full fledged reinsurance company in saudi arabia established in 2008.

Capital 400 million saudi riyal. 233 dated 16 9 1427h corresponding to 09 10 2006g with commercial registration. Saudi united cooperative insurance company wala a or the company is a saudi joint stock company established in accordance with royal decree no. Authorized to practice insurance and reinsurance activities in ksa by commercial registration number 4030179955.

Established in the year 1986 as a bahraini joint stock company closed uic was formed with the main purpose of providing insurance to all vehicles which travel through the king fahad s causeway in accordance with the bahrain insurance company law and the arab treaty for vehicles crossing arab countries. M 60 dated 18 09 1427h corresponding to 11 10 2006g and the ministerial resolution no. 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.