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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 1.28 billion. Walaa maintained its 'A3' Insurance Financial Strength Rating (IFSR) with a stable outlook by Moody’s Investors Service, and a Financial Credit Rating of ‘A-' with a stable outlook from S&P. The Company has also secured a 'gcAAA' long term Gulf Cooperation Council Regional-scale and a national scale rating of 'ksaAAA' financial strength credit rating from S&P. These ratings of Walaa reflect its strong brand and market position, strong asset quality, good capital adequacy, strong reserve adequacy, and consistent performance, indicating that Walaa is a robust Insurance Company with a commendable degree of financial strength to honor our obligations to Policyholders. In addition to maintaining its credit rating, the Company is also proud to follow multiple ISO standards, as it aims to be known as one of the best-governed companies in the region. We believe that the above ratings show that we are a robust core insurance platform, and have a commendable degree of financial strength to honor our Policyholders’ obligations. In addition to maintaining its credit rating, the Company is also proud to follow multiple ISO standards, as it aims to be known as one of the best-governed companies in the region.
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CONTACT DETAILS
Name: | Mr. Khalid Ahmed Omran (Compliance Manager) |
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Address: | Building No: 4513, Khadim Al Haramain Ash Sharifain Rd, Secondary No: 8615, Al Khubar Al Janubiyah Dist, Postal Code: 34621, Al Khobar, Kingdom of Saudi Arabia. |
Telephone: | +966 (13) 829 9405 |
E-mail: | investors@walaa.com |