Walaa Cooperative Insurance Company headquartered in Al-Khobar, Saudi Arabia operates as a joint-stock corporation offers cooperative insurance, reinsurance, and investment activities in various lines of business including motor, general, health, protection, and savings. In May 2017, the name of the company previously recognized as Saudi United Cooperative Insurance Company was altered to Walaa Cooperative Insurance Company. This company’s products include various insurance products such as property all-risk, fire and specified perils property damage, loss of business insurance, engineering insurance products like erection and construction all-risk, contractor’s plant and machinery/equipment insurance, machinery breakdown insurance (MBD), loss of profit following MBD, and deterioration of stock following MBD. Additionally, it offers motor insurance products including commercial and private motor comprehensive, and third party liability policies, marine insurance products like marine cargo and hull insurance policies, medical insurance, and miscellaneous accidents insurance products such as comprehensive general liability, professional indemnity, medical malpractice, directors and officers liability, security and private protection, fidelity guarantee, money, personal accident, workmen’s compensation and employers liability, travel, aviation hull, education, saving, critical illness, and other insurance products.