THE MIDDLE EAST’S

69. The Company for Cooperative Insurance (Tawuniya)
Country: Saudi Arabia
Sector: Insurance
CEO: Othman Alkassabi
Market Value: $5.5 billion
Sales: $5.1 billion
Profits: $273 million
Assets: $5.6 billion
Tawuniya offers more than 60 types of insurance to its customers in Saudi Arabia, including medical, motor, fire, property, engineering, casualty, marine, aviation, Takaful, and liability. The company’s net profit grew by 66.8% to $273 million in 2024. In 2025, the company secured health insurance contracts with the Saudi Ministry of Foreign Affairs and Saudi Arabian Airlines (SAUDIA).