Walaa Cooperative Insurance Company (8060.SR)

34.10 +0.65 (+1.94%) At close: 03:17PM AST

Walaa Cooperative Insurance Company

4513, Adh Dhahran Al Khubar Al Janubiyah
Unit No: 8
Al Khobar 34621-8615
Saudi Arabia
0138299405
https://www.walaa.com

Sector(s): Financial Services
Industry: Insurance - Diversified
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Johnson Chandebla G. Varughese	Chief Executive Officer	N/A	N/A	1963
Mr. Mohannad M. Al-Desouki	Chief Financial Officer	N/A	N/A	N/A
Mr. Turki Al-Buraik	Chief Operating Officer	N/A	N/A	N/A
Mr. Khalid Omran	Compliance & AML Manager	N/A	N/A	N/A
Rogayah AlThawadi	Legal & Corporate Governance Manager	N/A	N/A	N/A
Mr. Wasif Farooq Minhas ACII, MBA, MSS-Mgt	Chief General Insurance Officer	N/A	N/A	N/A
Mr. Ghayas Khan	Chief Life & Medical Insurance Officer	N/A	N/A	N/A
Mr. Fahad Aba Alkhail	Chief Corporate Sales Officer	N/A	N/A	N/A
Wail Alahmed	Chief Commercial Officer	N/A	N/A	N/A
Turki Al Mulhem	Chief Motor Insurance Officer	N/A	N/A	N/A

Amounts are as of , and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in SAR.

Description

Walaa Cooperative Insurance Company provides cooperative insurance and reinsurance products and services in the Kingdom of Saudi Arabia. The company offers various property insurance products, including property all risk, fire and specified perils property damage, home, and loss of profit/business interruption insurance; and engineering insurance products, such as erection and construction all-risk, and contractor's plant and machinery/equipment insurance, as well as machinery breakdown insurance (MBD), loss of profit following MBD, and deterioration of stock following MBD. It also provides motor insurance products, which include commercial and private motor comprehensive, and third party liability policies; marine insurance products, including marine cargo and hull insurance policies; medical insurance; and miscellaneous accidents insurance products, such as comprehensive general liability, professional indemnity, medical malpractice, directors and officers liability, security and private protection, fidelity guarantee, money, personal accident, workmen's compensation and employers liability, travel, aviation hull, education, saving, critical illness, and other insurance products. The company was formerly known as Saudi United Cooperative Insurance Company and changed its name to Walaa Cooperative Insurance Company in May 2017. The company was incorporated in 2007 and is headquartered in Al Khobar, the Kingdom of Saudi Arabia.

Corporate governance

Walaa Cooperative Insurance Company’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.