Walaa Cooperative Insurance Co.
Abdullah M. Al-Othman is a seasoned executive with extensive experience in various leadership roles across multiple industries. Since January 2011, Abdullah has served as a Board Member at GIB Financial Services and Roots Group Arabia, while also holding the position of Chairman at Takween Advanced Industries. Abdullah has been the Vice Chairman of Wala'a Insurance Co since January 2006 and the Owner & Vice Chairman of Al-Othman Holding Company since 1996, overseeing operations in dairy, food, petrochemicals, steel, plastics, industrial trading, information technology, insurance, and environmental sectors. Additionally, Abdullah has held significant advisory and leadership positions, including Advisor for foreign trade at the Belgium Embassy in Saudi Arabia, Honorary Consul for the Portuguese Consulate in Bahrain, and President of several organizations such as Al-Othman Industrial Marketing Company and Clean Environment Technologies. Abdullah is a graduate of King Fahd University of Petroleum & Minerals, holding a BA in Industrial Management with a focus on Sales & Marketing.
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Walaa Cooperative Insurance 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 850 million. We have been assigned an A- Insurance Financial Strength Rating (IFSR) by S&P Global Ratings and gcAAA GCC regional scale financial strength credit rating, both with a 'stable' outlook. Moody’s Investors Service rated Walaa with a financial strength rating of A3. Headquartered in Al-Khobar - Eastern province, the oil hub of the Kingdom, we serve our clients all over the Kingdom through three regional offices and more than 70 retail offices.