Walaa Cooperative Insurance Company SJSC 8060.SR · SAR
Financials · Tadawul · 🇸🇦 Saudi Arabia
10.99
+0.55%
Close of 9 Nov 2026, in SAR
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About Walaa Cooperative Insurance Company SJSC
Its shares trade on Tadawul under the ticker 8060.SR. It has been listed since 17 July 2007. In the fiscal year to 31 December 2025, it reported a net loss of SAR 175.8m. At that date it held total assets of SAR 5.46bn and shareholders' equity of SAR 1.68bn.
Walaa Cooperative Insurance Co. engages in the provision of insurance services. The company is headquartered in Al Khubar, Eastern Province. The company went IPO on 2007-07-17. The firm operates under following business segments: Medical segment, Motor segment, Property segment, Engineering segment, and others segment. Medical insurance segment, which provides coverage for health insurance; Motor insurance segment, which provides coverage for vehicles' insurance; Property insurance segment, which provides coverage for property insurance; Engineering insurance segment, which provides coverage for engineering and contract works; and other insurance segment, which provides coverage for marine and other general insurance. The firm operates in all over the Kingdom through approximately three regional offices and approximately 70 retail offices.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 17 Jul 2007
- Website
- walaa.com ↗
Leadership
Pay as last reported
- Mr. Sulaiman Abdullah Hamad AlqadiNon-Executive Chairman of the Board, since 2016SAR 422,000
- Mr. Johnson VarugheseChief Executive OfficerSAR 3.1m
- Mr. Khalifa Bin Abdul Latif Al MulhemNon-Executive Vice Chairman of the Board, since 2020SAR 225,000
- Mr. Mohannad M. Al DesoukiChief Financial OfficerSAR 809,822
- Mr. Turki Al BuraikChief Operating Officer, since 2023
- Mr. Wail A. AlahmedChief Commercial Officer
- Mr. Fahad Aba AlkhailChief Corporate Sales Officer, since 2023
- Mr. Ahmed Al HusainiSenior Risk Manager
- Ms. Abrar Al KaabiActing Internal Audit Manager
- Mr. Turki Al MulhemChief Motor Insurance Officer
- Mr. Ali Al ShamraniCyber Security Manager
- Ms. Khulood Al ShreifAVP Customer Service, since 2022
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 26
- Environment
- 5
- Social
- 42
- Governance
- 29
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Walaa Cooperative Insurance Company operates with 70 retail offices across Saudi Arabia.
- The company offers comprehensive insurance segments including Medical, Motor, Property, and Engineering.
- Walaa's IPO on 17 July 2007 established a strong market presence in the Financials sector.
Weaknesses
- Walaa's business segments are limited to five core areas without expansion into new markets.
- The company relies on three regional offices for nationwide coverage in Saudi Arabia.
- Walaa's operations are confined to the Saudi market without international presence.
Opportunities
- Expanding into marine insurance within the other insurance segment could increase market share.
- The growing healthcare sector in Saudi Arabia presents opportunities for Medical insurance growth.
- Saudi Arabia's infrastructure development projects may boost Engineering insurance demand.
Threats
- Competition from other insurance providers in the Saudi Financials sector is increasing.
- Economic fluctuations in Saudi Arabia could impact insurance demand.
- Regulatory changes in the Saudi insurance industry may affect operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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