Walaa Cooperative Insurance Company: Strength, Innovation, and Shariyah-Compliant Solutions for Saudi Arabia
Walaa Cooperative Insurance Co. stands as a trusted name in Saudi Arabia’s insurance and reinsurance sector. With a fully paid-up capital of SAR 1.28 billion, we deliver value-driven, Shariyah-compliant solutions that address the evolving needs of individuals, businesses, and institutions.
We are headquartered in Al-Khobar, located in the Kingdom’s vital oil and industrial hub. To ensure accessibility, we operate through three regional offices and more than 70 retail locations across the country. This widespread presence reflects our commitment to proximity, speed, and service excellence.
Financial Ratings That Inspire Confidence
Walaa has earned high financial ratings from top-tier agencies. S&P Global Ratings assigned us an A- Insurance Financial Strength Rating (IFSR) and a gcAAA GCC regional scale rating, both with a stable outlook. Similarly, Moody’s Investors Service gave Walaa a financial strength rating of A3. These ratings reflect our ability to meet long-term obligations and reinforce trust in our operations.
Vision and Mission Grounded in Value
At Walaa Insurance,We aim to serve the Saudi community with excellence by leading the way in innovative insurance solutions. Our vision includes raising industry standards and exceeding client expectations through strong financial performance and creativity.
Our mission focuses on expanding access to Shariyah-compliant insurance for every segment of society. By offering diverse, ethically structured products, we support inclusivity and financial protection in all sectors of the Saudi market.
A Culture Built on Quality and Performance
At Walaa, we take pride in our quality policy, which guides how we work daily:
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We foster a culture of collaboration and excellence across all teams.
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We train and develop our employees, encouraging continuous growth.
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We align business objectives with stakeholder priorities to ensure mutual success.
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We always comply with Saudi regulations and industry standards.
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We remain focused on continual improvement, both internally and externally.
Our staff acts with professionalism and integrity while embracing values such as teamwork, accountability, and innovation. These values are not only principles but the foundation of our service model. They ensure that every interaction and solution reflects the Walaa promise—reliable protection, delivered with purpose.
