# Walaa

Walaa is an Insurance based in Al Khobar, Saudi Arabia.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Al Khobar, Saudi Arabia
- **Region:** Middle East
- **Address:** Al Khobar, Saudi Arabia
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** walaa.com
- **LinkedIn:** https://www.linkedin.com/company/walaainsurance

## Regulatory record

- **Reports private funds:** No

## About

Walaa is an insurance company headquartered in Al-khobar, Saudi Arabia. It oversees approximately $1 billion in assets, primarily serving the Middle East region.

## Sectors

- Insurance
- Healthcare Services
- Real Estate
- Private Credit
- Financials

## People

- Turki Al-Suhaimi — Chief Executive Officer
- Mohammed Al-Otaibi — Chief Investment Officer

## Questions

### What is the scale of Walaa's investment portfolio post-merger with MetLife AIG ANB?

Walaa has not publicly published a consolidated post-merger investment portfolio figure. The combined entity exceeded SAR 5 billion in gross written premiums at the time of the August 2024 merger close, which places its investable float among the largest in the Saudi-listed insurance sector. Specific investment asset totals will be disclosed in the first full-year combined financial statements for 2025.

### Who oversees investment decisions at Walaa?

Mohammed Al-Otaibi serves as Chief Investment Officer of Walaa Cooperative Insurance, leading the allocation of the firm's underwriting float across asset classes. The investment function operates under board-level investment committee oversight and must comply with Saudi Central Bank (SAMA) investment regulations that require Saudi insurers to maintain minimum solvency margins and adhere to prescribed asset eligibility rules.

### How does SAMA regulation shape Walaa's portfolio construction?

SAMA's Insurance Implementing Regulations restrict Saudi insurers to a list of eligible assets, predominantly Saudi government sukuk, Tadawul-listed equities, domestic real estate, and bank deposits. Foreign investments above certain thresholds require specific approval. This regulatory perimeter means Walaa's portfolio is structurally concentrated in Saudi riyal-denominated assets, with limited offshore exposure, distinguishing it from a conventional multi-asset allocator.

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- [Wal-Mart](https://altss.com/profile/wal-mart)
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Last updated: 2026-06-03T20:00:00.000Z

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