Walaa Cooperative Insurance Co.
Turki ALMulhem is an accomplished insurance professional currently serving as the Chief Motor Insurance Officer and Head of Motor Line of Business at Walaa Cooperative Insurance Co. since October 2021. Previously, Turki ALMulhem held significant roles at the Saudi Central Bank – SAMA as a member of the Motor Insurance Committee and at Al Rajhi Takaful, where responsibilities included AVP Sales & Retention and Director of Operations & Business Development. Earlier in the career, positions at MEDGULF Saudi Arabia included Underwriting Supervisor. Educational qualifications include a Cert CII from the Chartered Insurance Institute, a Diploma of Risk & Insurance from The Institutes Knowledge Group, an MBA from Midocean University, and a Bachelor's degree in Business Administration from King Faisal University.
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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.