Saudi United Cooperative Insurance Company

Top 5 insurance companies per 2017 turnover. Authorized to practice insurance and reinsurance activities in ksa by commercial registration number 4030179955. United nations development programme launches new partnership to support economic development in indonesia.

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Uca s head quarter is located in jeddah ksa.

Saudi united cooperative insurance company. United cooperative insurance company appoints faisal hussein badran and khaled bakr alam as independent board members. The company started underwriting insurance business on 1st january 2009. Share capital increase for the saudi insurance companies. Established on october 9th 2006 under the name of saudi united cooperative insurance company wala a is a relatively new company in the saudi market.

1 growth rate in local currency 2 ex saudi indian company for cooperative insurance 2017 premiums renewed in 2018 source. 233 dated 16 9 1427h corresponding to 09 10 2006g with commercial registration. Walaa cooperative insurance company to provide multiple insurance coverage to advanced petrochemical company. Licensed and regulated by saudi arabian monetary authority.

Capital 400 million saudi riyal. Welcome to united cooperative assurance. United cooperative assurance uca a cooperative insurance company listed on tadawul since may 2008 with a paid up capital of sar 400 million. Saudi united cooperative insurance company wala a or the company is a saudi joint stock company established in accordance with royal decree no.

Owned at 60 by local businessmen and with the remaining 40 being placed on the stock exchange the company chosen wala a as its trade name which means loyalty in arabic. M 60 dated 18 09 1427h corresponding to 11 10 2006g and the ministerial resolution no. Saudi joint stock co. We take pride in introducing ourselves as one of the leading insurance and reinsurance companies in the kingdom of saudi arabia with a fully paid up capital of sar 646 million.