Walaa Cooperative Insurance Co.

Walaa Cooperative Insurance Co. (Saudi Arabia) is a diversified insurance provider offering a range of products including medical, motor, property, marine, and general accident insurance. Operating under Sharia-compliant cooperative insurance principles, the company serves both individuals and corporate clients across the Kingdom. Walaa is listed on the Saudi Exchange (Tadawul) under ticker 8060.

Revenue is generated primarily through insurance premiums from its diversified portfolio. The company earns income from underwriting activities and investment returns on its substantial cash holdings (514.97M SAR). Despite recent revenue declines (YoY -61.77%), net income has improved significantly (YoY +123.81%), indicating cost restructuring or favorable claims experience. The company maintains low debt (10.23M SAR) relative to cash.

Walaa operates in the competitive Saudi insurance sector, which is regulated by the Saudi Central Bank (SAMA). The industry has seen consolidation and pricing pressures. With a market cap of 1.26B SAR, Walaa is a mid-tier player. Its negative profit margin (-6.30%) and negative free cash flow yield (-15.78%) reflect recent operational challenges, but improving earnings suggest a turnaround.

The company primarily serves customers within Saudi Arabia, targeting both retail clients (motor, medical) and corporate entities (property, marine, general accident). Its large cash position provides liquidity for claims and potential growth opportunities. Walaa's cooperative model aligns with local regulatory and cultural expectations.

An auto-generated descriptive profile based on company data, for informational purposes only.