Bupa increases stake in Bupa Arabia
Bupa, which is headquarted in the UK, recently announced that it has completed an agreement for an increased five per cent stake in Bupa Arabia for Cooperative Insurance (Bupa Arabia), raising the total stake held by Bupa to 39.25. The relevant Saudi authorities have granted regulatory approvals.
The company said that the increase in Bupa’s stake in Bupa Arabia is in line with Bupa’s strategy to invest in its market position in geographies in which it already operates, as well as its ongoing commitment to meeting the healthcare needs of customers in Saudi Arabia.
Bupa announced its intention to increase its stake in Bupa Arabia, the largest health insurer in the Kingdom, in March 2018.