The company has a current market capitalization of $170M and operates as a diversified general insurance provider in the Saudi Arabian market. The company maintains a broad product portfolio across personal and commercial lines, positioning itself as a comprehensive insurance services provider in the Kingdom.
Cyborg Score Rationale
The company's Price-To-Earnings ratio (10.5x) is below the SA market (23.1x), suggesting reasonable valuation. However, analyst coverage remains limited and market capitalization is modest compared to larger regional players.
Top Insights
Motor vehicle insurance (comprehensive and third-party) is the primary revenue driver for the company
Market valuation at $170M indicates mid-sized regional player status with room for growth
Price-to-earnings multiple below market average suggests potential value opportunity for investors
The company obtained approval from the insurance authority to renew its license to practice insurance activity in September 2024
Named Competitors
Motor and General Insurance — Larger competitor in Saudi general insurance market
Comprehensive Insurance Services — Regional competitor in Arabian Peninsula insurance market
Recent Developments
(September 2024) Obtained insurance authority approval to renew license for insurance activity
(August 2024) Announced interim financial results for six-month period ending June 30, 2024
Open the full interactive Wataniya Insurance Company report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.