Throughout history, man has been striving to accomplish safe living, prosperity and welfare. So he has developed several methods to achieve security and satisfaction while managing to live a vibrant life at the same time. Hence came the notion of Malath, which in Arabic means “a safe haven that provides shelter in difficult times.”
From this perspective, Malath Cooperative Insurance & Reinsurance Co. was founded by an elite investment consortium comprising prominent Saudi personalities, with a paid-up capital of SAR 300 million (U.S. $ 80 million).
In April 2007, our company has established itself as a leading provider of insurance products and services, fulfilling the needs of the Saudi local market through the concept of ideal insurance and complete professionalism. Malath is the second licensed insurance company in the Saudi insurance market, and has been assigned “BBB+” by Standard & Poor's. This rating reflects the strength and the current stability of Malath and its promising future.