Walaa Cooperative Insurance Co.
InsuranceEastern, Saudi Arabia501-1000 Employees
Walaa Cooperative Insurance Co. operates as an insurer and reinsurer in Saudi Arabia, serving clients across the Kingdom. Headquartered in Al-Khobar in the Eastern Province, the company maintains a network of regional and retail offices to reach customers nationwide. The firm is recognized as one of the leading providers in the Saudi insurance market. The company holds notable financial strength assessments from international rating agencies, including an A- Insurance Financial Strength Rating from S&P Global Ratings and a gcAAA rating on the GCC regional scale, both with a stable outlook, along with Moody’s A3. In January 2026, Walaa introduced a digital health platform in Saudi Arabia, reflecting its focus on digital solutions to streamline health insurance services.