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Wataniya Insurance Company SJSC 8300.SR · SAR

Financials · Tadawul · 🇸🇦 Saudi Arabia

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13.60

+1.42%

Close of 9 Nov 2026, in SAR

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About Wataniya Insurance Company SJSC

Its shares trade on Tadawul under the ticker 8300.SR. It has been listed since 6 June 2010. In the fiscal year to 31 December 2024, it reported revenue before interest expense of SAR 1.48bn and net income of SAR 103.0m. At that date it held total assets of SAR 2.13bn and shareholders' equity of SAR 609.6m.

Wataniya Insurance Co. engages in the provision of individual and corporate insurance and reinsurance services. The Company’ products organized into seven business segments, namely Marine, which provides coverage against losses and liability related to marine vessels and marine cargo; Property, which provides coverage against fire insurance; Motor, which provides coverage against losses and liability related to motor vehicles; Engineering, which provides coverage for builder’s risk, construction, mechanical, electrical, electronic, and machinery breakdown; Accident, which provides coverage against money insurance, fidelity guaranty insurance, business all risk insurance, business travel insurance and exhibition insurance; Extended warranty, which provides coverage against damages to motor vehicles after the manufacturer warranty expires; and Term life, which provides coverage against the insured’s death.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Financials
Industry
Insurance
Listed since
6 Jun 2010

Leadership

Pay as last reported

  • Dr. Hussein Said AkeilNon-Executive Chairman of the BoardSAR 216,667
  • Mr. Haitham Habib Mohammed AlbakreeChief Executive Officer, Managing Director, Executive Member of the Board, since 2013SAR 20,000
  • Mr. Faisal Mohammed ChararaNon-Executive Vice Chairman of the BoardSAR 192,000
  • Mr. Sohail Fazal AbbasChief Financial Officer
  • Mr. Rami QariChief Operating Officer
  • Mr. Pantelis MesolongitisChief Technical Officer
  • Mr. Ghassan Hamzah Al JunaidHead - Corporate Governance & Legal Affairs, since 2024
  • Mr. Murtaza Mustafa QuettawalaChief Actuary
  • Mr. Abdulrahman TounsiActing Head - Compliance
  • Ms. Nada Hashim AlmalkiLegal and Governance Manager, Board of Director Secretary
  • Mr. Amin Mousa AlafifiNon-Executive Member of the BoardSAR 164,000
  • Mr. Sami Mousa AlhalabiIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Wataniya Insurance offers comprehensive marine and property coverage in Jeddah, Saudi Arabia.
  • The company provides diverse segments including motor, engineering, and accident insurance services.
  • Wataniya Insurance has been listed on the Saudi stock market since 2010, ensuring stability.

Weaknesses

  • Wataniya Insurance lacks a strong presence in the extended warranty segment compared to competitors.
  • The company's focus on traditional insurance segments may limit growth in digital services.
  • Wataniya Insurance's operations are concentrated in Jeddah, restricting broader market reach.

Opportunities

  • Expanding into the growing Saudi Arabian insurance market presents significant opportunities.
  • The increasing demand for engineering insurance in construction projects offers new revenue streams.
  • Wataniya Insurance can leverage its 2010 listing to attract international investors.

Threats

  • Rising competition from international insurers entering the Saudi market threatens market share.
  • Economic fluctuations in Saudi Arabia could impact insurance demand and premiums.
  • Regulatory changes in the Financials sector may increase operational costs.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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