Stock 8060 WALAA COOPERATIVE INSURANCE COMPANY
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Company Walaa Cooperative Insurance Company

Equities

8060

SA000A0MLUD8

Property & Casualty Insurance

End-of-day quote Saudi Arabian S.E.
Other stock markets
 06:00:00 2024-04-16 pm EDT 		5-day change 1st Jan Change
27.05 SAR -0.37% Intraday chart for Walaa Cooperative Insurance Company -2.17% +42.67%
Mar. 21 Walaa Cooperative Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Mar. 13 Walaa Cooperative Insurance Swings to Attributable Net Profit for FY23; Insurance Revenue Up MT

Business Summary

Walaa Cooperative Insurance Company SJSC, formerly Saudi United Cooperative Insurance Co SJSC, is a Saudi Arabia-based insurance and reinsurance company. The Company operates under following business segments: Medical segment, Motor segment, Property segment, Engineering segment, and others segment. Medical insurance segment, which provides coverage for health insurance; Motor insurance segment, which provides coverage for vehicles' insurance; Property insurance segment, which provides coverage for property insurance; Engineering insurance segment, which provides coverage for engineering and contract works; and other insurance segment, which provides coverage for marine and other general insurance. The Company operates in all over the Kingdom through approximately three regional offices and approximately 70 retail offices.

Sales per Business

SAR in Million2022Weight2023Weight Delta
Medical
22.5 %
560 39.3 % 668 22.5 % +19.37%
Energy
21.3 %
28 2.0 % 634 21.3 % +2,161.63%
Motor
17.2 %
533 37.4 % 513 17.2 % -3.82%
Protections & Savings - Others
15.0 %
98 6.9 % 445 15.0 % +353.28%
Property
7.5 %
31 2.2 % 223 7.5 % +627.90%
Protection & Savings - Non-linked
7.2 %
137 9.6 % 213 7.2 % +55.32%
Engineering
6.0 %
22 1.5 % 178 6.0 % +713.09%
Unallocated
2.8 %
0 0.0 % 84 2.8 % -
Protection & Savings - Linked
0.5 %
16 1.1 % 14 0.5 % -11.19%

Sales per region

SAR in Million2022Weight2023Weight Delta
Saudi Arabia
100.0 %
1,424 100.0 % 2,972 100.0 % +108.72%

Managers

Managers TitleAgeSince
Johnson Varughese CEO
 Chief Executive Officer - 06-12-31
Mohannad Al-Desouki DFI
 Director of Finance/CFO - 20-01-14
Khalid Ahmed Omran CMP
 Compliance Officer - 20-01-31
Turki Abdulaziz Al-Buraik COO
 Chief Operating Officer - -
Abrar Al-Kaabi AUD
 Comptroller/Controller/Auditor - -
Rogayah Al-Thawadi LAW
 General Counsel - -
Fahad Alkhail SAM
 Sales & Marketing - -
Badruddin Ali Wangde PRN
 Corporate Officer/Principal - -
Wasif Farooq Minhas PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Sulaiman Abdullah Hamad Al-Kadi CHM
 Chairman - 16-05-25
Khalifa Al-Mulhem BRD
 Director/Board Member 72 19-05-25
Sulaiman Al-Twaijri BRD
 Director/Board Member 58 06-12-31
Osama Al-Khunaizi BRD
 Director/Board Member - 22-05-25
Jameel Al-Molhem BRD
 Director/Board Member 53 19-05-25
Waleed Al-Jaafari BRD
 Director/Board Member - -
Hatim Fahad Balghonaim BRD
 Director/Board Member - 16-05-25
Abdullatif Al-Mulhim BRD
 Director/Board Member - 22-05-25
Hesham Al-Jabr BRD
 Director/Board Member - 20-05-30
Abdulaziz Al-Shabeebi BRD
 Director/Board Member - 22-05-25

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 85,058,325 71,785,563 ( 84.40 %) 0 84.40 %

Shareholders

NameEquities%Valuation
Khalifa Al-Mulhem
1.624 %
1,381,721 1.624 % 11 M ﷼
Abdullatif Al-Mulhim
1.188 %
1,010,492 1.188 % 8 M ﷼
Waleed Al-Jaafari
0.2746 %
233,570 0.2746 % 2 M ﷼
LHV Asset Management AS
0.0854 %
72,600 0.0854 % 567 172 ﷼
Dimensional Fund Advisors Ltd.
0.0383 %
32,587 0.0383 % 254 579 ﷼
DFA Australia Ltd.
0.0156 %
13,264 0.0156 % 103 622 ﷼

Company contact information

Walaa Cooperative Insurance Co.

Adel Khashoggi Building Two Holy Mosques Road

31952, Al-Khobar

+0138299405

http://www.walaa.com
address Walaa Cooperative Insurance Company(8060)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
Other Property & Casualty Insurance

Sales per Business

Ratings for Walaa Cooperative Insurance Company

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
27.05 SAR
Average target price
18.15 SAR
Spread / Average Target
-32.90%
Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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