The Company for Cooperative Insurance (Tawuniya) is a Saudi Joint Stock Company, and it was incorporated on January 18, 1986 under the Commercial Registration No. 1010061695. Tawuniya is the first national insurance company licensed in the Kingdom of Saudi Arabia to practice all types of insurance business in accordance with the cooperative insurance principle that is accepted by Islamic Sharyia. The authorized, issued, and paid-up capital of the Company is SR 1,250 million.
Tawuniya has obtained the license number ت م ن / 1/200412 from the Saudi Central Bank (SAMA), as the first license in the insurance sector under the Cooperative Insurance Companies Control Law. The company is also regulated and supervised by SAMA.
Tawuniya provides its customers with more than 60 types of insurance including medical, motor, fire, property, engineering, casualty, marine, aviation, Takaful, liability insurance and many other types of insurance. Since its establishment, Tawuniya has played a pioneering role in the insurance sector. Through its 37 years of experience, the company has been able to enhance its competitive advantages and quality of services to become the first choice for all insurance customer segments in Saudi Arabia.