Othman AlKassabi, CEO ofThe Company for Cooperative Insurance (Tawuniya)
The market share of The Company for Cooperative Insurance (Tawuniya) currently stands at 27% of the insurance market by the end of Q1 2025, said CEO Othman AlKassabi, expecting this percentage to stabilize or even rise from its current level during the second quarter of 2025. 
The number of the company’s clients currently exceeds 4.5 million across various segments, said the top executive, noting that the company continues to grow and expand into several new segments and monitors global insurance markets through organic expansion.
In an interview with CNBC Arabia TV, the CEO noted that insurance expenses rose as a result of increased revenues and systematic spending on strategic projects such as investments in the ecosystem and infrastructure, which have positively impacted the company’s financial performance.
The company’s investment portfolio has witnessed remarkable growth over the past four years, with its current value exceeding SAR 12 billion. The portfolio’s profitability increased by 13% in Q2 2025 compared to the same period last year. The company follows a proactive investment strategy focusing on low-risk, long-term investments, which has helped achieve exceptional investment performance, according to AlKassabi.
Commenting on the company’s debt, the CEO stated that Tawuniya has not borrowed in the recent period, indicating that it has financed all of its investments from its own resources.
According to Argaam’s data, Tawuniya reported a net profit of SAR 729.1 million in H1 2025, compared to SAR 656 million a year earlier. The second-quarter net earnings climbed 1.7% to SAR 467.42 million, from SAR 459.81 million in Q2 2024.
Othman AlKassabi, CEO ofThe Company for Cooperative Insurance (Tawuniya)
The market share of The Company for Cooperative Insurance (Tawuniya) currently stands at 27% of the insurance market by the end of Q1 2025, said CEO Othman AlKassabi, expecting this percentage to stabilize or even rise from its current level during the second quarter of 2025.
The number of the company’s clients currently exceeds 4.5 million across various segments, said the top executive, noting that the company continues to grow and expand into several new segments and monitors global insurance markets through organic expansion.
In an interview with CNBC Arabia TV, the CEO noted that insurance expenses rose as a result of increased revenues and systematic spending on strategic projects such as investments in the ecosystem and infrastructure, which have positively impacted the company’s financial performance.
The company’s investment portfolio has witnessed remarkable growth over the past four years, with its current value exceeding SAR 12 billion. The portfolio’s profitability increased by 13% in Q2 2025 compared to the same period last year. The company follows a proactive investment strategy focusing on low-risk, long-term investments, which has helped achieve exceptional investment performance, according to AlKassabi.
Commenting on the company’s debt, the CEO stated that Tawuniya has not borrowed in the recent period, indicating that it has financed all of its investments from its own resources.
According to Argaam’s data, Tawuniya reported a net profit of SAR 729.1 million in H1 2025, compared to SAR 656 million a year earlier. The second-quarter net earnings climbed 1.7% to SAR 467.42 million, from SAR 459.81 million in Q2 2024.
