Wataniya Insurance Company
8300.SR
Saudi Exchange12.80
SAR
-0.07
- -
Wataniya Insurance Company
8300.SR
(Saudi Exchange)
Recent
price
12.80
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Wataniya Insurance Company Wataniya Insurance Company SJSC (8300.SR) provides a comprehensive range of general and life insurance products and services in the Kingdom of Saudi Arabia. The company operates through seven key segments including Marine, Property, Motor Comprehensive, Motor Third Party Liability, Engineering, Accident & Liability, and Term Life; it offers coverage against losses and liabilities for marine vessels and cargo, fire and allied perils, vehicle damages from storm, flood, fire, theft and personal accidents, third-party accident liabilities, builder's risks, construction all risks, mechanical and electrical equipment breakdowns, machinery breakdown, as well as term life insurance policies. Additional products encompass money insurance, fidelity guarantee, business all risks, business travel, exhibition coverage, general third-party liability, product liability, workmen’s compensation and employer’s liability, extended motor vehicle warranties post-manufacturer coverage, professional indemnity for negligence liabilities, personal accident lump-sum payments for death or disability, burglary, cash-in-transit, employee infidelity, contractors plant and equipment, erection all risks, electronic equipment, and deterioration of stock. Founded in 1975 with roots tracing back to the Saudi National Insurance Company and formally established in its current form in 2010, Wataniya Insurance Company is headquartered in Jeddah at the E.A. Juffali & Brothers H.O. Building, with operations spanning major cities including Riyadh and Al-Khobar to serve individual and corporate clients across the Kingdom. The company targets diverse markets such as personal vehicle owners, marine cargo handlers, property owners, engineering contractors, businesses seeking liability protection, and individuals requiring life and accident coverage. It maintains a diversified insurance portfolio under the oversight of CEO Haitham Habib Mohammed Albakree, with key executives including CFO Sohail Abbas and COO Rami Qari. In recent developments, the company pursued a significant capital increase from SAR 200 million to SAR 400 million through a rights issue of 20 million shares at SAR 10 each, approved by shareholders and pending full regulatory clearance from the Capital Market Authority, to bolster operational capacity. Leadership transitioned with the appointment of Haitham Habib AlBakree as CEO and Managing Director in July 2021, replacing Soren Craig Nikolajsen, following non-objection from the Saudi Central Bank. The firm continues to expand its e-services for streamlined policy issuance and claims tracking, particularly in motor insurance, while reporting steady growth in premiums across motor comprehensive (SAR 880 million in 2024) and property segments (SAR 215 million in 2024).