Tareq Al-Ghamdi

Malath Cooperative Insurance Co.

Safe living, prosperity and welfare are demands which man has been striving to satisfy. They are completely God's grace and favor for his obedients, as well as the blessing of feeling secure and satisfied. Ever since, man has developed many methods to help him achieve the highest levels of welfare and prosperity while looking for safe haven to help him experience secure and vibrant life. Hence, the idea of Malath, which means in Arabic "safe haven that provide you shelter in difficult times. From this perspective, Malath Cooperative Insurance Company was founded by an elite investment consortium comprising prominent Saudi personalities, with a paid up capital of SAR 300 million. In April 2007, the company has established itself as a leading provider of insurance products and services, fulfilling the needs of the local market through an ideal insurance concept and total professionalism , in 2017 the Company's share capital increased to SR 500 million, By right issue prospectus.