THE MIDDLE EAST’S

76. The Company for Cooperative Insurance (Tawuniya)

Country: Saudi Arabia
Sector: Insurance
CEO: Othman Alkassabi
Market Value: $5.5 billion

Tawuniya provides more than 90 insurance products in Saudi Arabia, spanning medical, motor, fire, property, engineering, casualty, marine, aviation, Takaful, and liability. By the end of Q3 2025, total assets stood at $5.7 billion, with insurance revenue of $4.2 billion in the first nine months of 2025. In November 2025, Tawuniya was licensed to establish “Riyadh Re” Reinsurance Company, with a capital of $147 million.