Malath Cooperative Insurance and
Reinsurance Co. was founded in 2007, and has since obtained the
Commercial Registration issued by the Ministry of Trade and Industry as
a Saudi public joint stock company with a capital of 300 million Saudi
Riyals (U.S. $ 80 million). Malath continues to offer 47.48% of its
shares of stock in the company to be sold to the general public, and it
remains listed on the Tadawul stock exchange. Our company also obtained
final licensing by Saudi Arabian Monetary Agency (SAMA) to practice
both general and health insurance.
Malath is considered to be one of the founding members of the Saudi
Cooperative Reinsurance Company “RE”, as well as a founding member of
Najm Company for Insurance Services.