Saudi Arabian Cooperative Insurance Co.

Saudi Arabian Cooperative Insurance Co. (also known as Walaa Cooperative Insurance) is a publicly listed insurance provider operating under the cooperative insurance model mandated in Saudi Arabia. The company offers a range of insurance products including motor, medical, property, and casualty insurance, as well as protection and savings plans. It serves both individual and corporate clients, with a focus on the Saudi market. The company is headquartered in Riyadh and is regulated by the Saudi Central Bank (SAMA).

Revenue is generated primarily through insurance premiums collected from policyholders. The company's main revenue segments are motor insurance, medical insurance, and general insurance. Investment income from its cash holdings (288.35M SAR) also contributes to earnings. The recent quarterly revenue trend shows fluctuations, with 2026Q1 revenue at 257.28M SAR and net income of 13.09M SAR, indicating a recovery from a loss in 2025Q4. The company has zero debt, which provides financial stability.

The insurance sector in Saudi Arabia is competitive, with many players vying for market share. Walaa Cooperative Insurance positions itself as a mid-tier insurer, focusing on customer service and digital transformation. Its market cap of 281.70M SAR and price-to-book ratio of 0.69 suggest a valuation below book value, while a PE of 14.13 indicates moderate earnings valuation. The negative EV/EBITDA (-10.75) reflects negative EBITDA, possibly due to underwriting losses or investment volatility. Profit margin is low at 2.04%, and revenue declined 2.34% year-over-year.

The company's target audience includes individuals and businesses in Saudi Arabia seeking Sharia-compliant insurance solutions. Its primary geographic market is the Kingdom of Saudi Arabia, where it operates through a network of branches and digital channels. The company aims to attract customers looking for cooperative insurance that aligns with Islamic principles, emphasizing transparency and mutual risk-sharing.

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