From this perspective, Malath Cooperative Insurance & Reinsurance Company was founded by an elite investment consortium comprising prominent Saudi personalities, with a paid up capital of SAR 300 million. In April 2007, the company has established itself as a leading provider of insurance products and services, fulfilling the needs of the local market through an ideal insurance concept and total professionalism. Malath, the Second licensed insurance company in the Saudi Insurance Market, has been assigned “BBB” ratings, outlook stable by Standard & Poor's. This rating reflects the strength and the current stability of Malath and its promising future.