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.