Saudi Arabia
Malath Insurance is a Saudi Arabian startup that aims to provide a safe haven for individuals, ensuring their prosperity and welfare. Founded in 2007 with a paid-up capital of SAR 300 million, the company has continued to evolve and grow. In 2017, the share capital increased to SR 500 million through a right issue prospectus. Malath Cooperative Insurance Company is dedicated to catering to the local market's insurance needs, with a focus on insurance and health insurance.
The company is backed by an elite investment consortium comprising prominent Saudi personalities, reflecting a strong network of support and expertise. Although specific details about the last investment and investors are not available, Malath Insurance's commitment to professionalism and the local market's needs positions it as a leading provider in the insurance sector.
With its slogan "ملاذ للتأمين", which translates to "safe haven that provides you shelter in difficult times" in Arabic, the company underscores its core mission of ensuring individuals' security and satisfaction. Malath Insurance's continued growth and dedicated focus on meeting the demands of its local market make it an intriguing prospect for potential investors seeking to tap into Saudi Arabia's insurance industry.
