Walaa Cooperative Insurance Co.
Johnson Varughese has extensive experience in financial leadership, currently serving as the Chief Executive Officer at Walaa Insurance since 2007. Prior roles at Walaa Insurance include Acting CEO and Chief Financial Officer, as well as Chief Financial Officer. Johnson's prior experience includes being the Regional Financial Controller at Future Pipe Group from November 2003 to October 2007 and Finance Manager at Ahmad Bahman Group from October 1997 to October 2003. Additionally, Johnson held the position of Finance Manager at Bombay YMCA from February 1992 to September 1997 and worked as an Accountant at the Advertising Standards Council of India in 1990-1991. Johnson holds a Chartered Accountant designation from the Institute of Chartered Accountants of India, specializing in Accountancy.
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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.