We are excited to share that our portfolio company, Waada, has received the Initial Approval for the Managing General Agent (MGA) license from the هيئة التأمين | Insurance Authority of Saudi Arabia — putting them on track to become the second MGA in the Kingdom, and the first-ever Pakistani company to be granted regulatory approval for any financial services license in Saudi Arabia.
This announcement was made live on stage in Doha at the MENA InsurTech Summit 2025, alongside partners and investors from Qatar Insurance Group, Gobi Partners, MIC Global, and others.
As Waada expands across the GCC, its mission remains clear: to deliver Shariah-compliant, fully digital insurance focused on life, savings, and retirement — built for emerging and underserved consumers.
