Magrabi Insurance Partner
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 .
Malath continues to offer 47.48% of its shares of stock in the company to be sold to the general public, in 2017 the Company’s share capital increased to SR 500 million. By right issue prospectus. 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.