THE MIDDLE EAST’S

76. The Company for Cooperative Insurance (Tawuniya)

Country: Saudi Arabia
Sector: Insurance
CEO: Othman Alkassabi
Market Value: $6.1 billion
Sales: $4.2 billion
Profits: $164 million
Assets: $4.9 billion

Tawuniya offers more than 60 types of insurance to its customers in Saudi Arabia, including medical, motor, fire, property, engineering, casualty, marine, aviation, Takaful, and liability. The company’s net profits jumped 104% to $164 million. The General Organization for Social Insurance owns 25.9% of Tawuniya.