We have an authorized and paid up capital of 
1,500 million, comprising 150 million issued shares.
Bupa Arabia, established in 1997 through a joint venture with Nazer Group in Saudi Arabia, is a publicly held healthcare insurance company. Since our Initial Public Offering (IPO) in 2008, where 40% of the Company’s shares were made available to the public, we have been listed on the Saudi Stock Exchange.Read More
“As we complete our 26th year of operations, Bupa Arabia remains committed to serving the insurance sector and has contributed immensely to improving the health insurance sector of the KSA.”
“The impact of the “1Bupa strategy” was broad-based and well beyond the financial outcomes. The growth earned Bupa Arabia various external recognitions including being amongst the top the 10 strongest and most valuable brands in Saudi Arabia.”
Caring, Brave, Responsible
Helping people live longer, healthier, happier lives, and making the world a better place.
To be the world’s most customer-centric healthcare company.
16,6691,126.2915,888
| Company | Analyst | Recommendation |
|---|---|---|
| EFG-Hermes | Rajae Aadel | Buy |
| HSBC | Ankur P Agarwal | Buy |
| Al Rajhi Capital | Yazeed Alsaqaaby | Neutral |
| Securities & Investment Company | Nitin Garg | Nitin Garg |
| CI Capital | Monsef Morsy | Overweight |
| Arqaam Capital Limited | Jaap Meijer | Hold |
| William O'Neil & Co Incorporated | Kenley Scott | Buy |
| Shuaa Capital | Shadi Salman | Hold |
Hijri Date1446/12/15Hijri Date1446/12/07Hijri Date1446/11/27Hijri Date1446/11/24Hijri Date1446/11/10Bupa Arabia’s IPO took place in the first half of 2008 when 16,000,000 shares were offered at10 per share, as per the Saudi market regulations’ public offering price per share for insurers.
The 160 million offered represented 40 percent of Bupa Arabia’s share capital, of 400 million at the time and the IPO was the most successful insurance IPO in Saudi Arabia with 1,474,473,500 raised, representing an over-subscription of 9.2 times.
Bupa Arabia was incorporated on 11th May 2008 and listed on the Saudi (Tadawul) stock exchange on 17th May 2008.
During the fourth quarter of 2022, Bupa Arabia’s capital was increased to 150,000,000 shares at 10 per share, 1,500,000,000, an increase of twenty-five percent of the previous capital of 1,200,000,000 through the issuance of one bonus share for every four shares held.
During the fourth quarter of 2018, Bupa Arabia’s capital was increased to 120,000,000 shares at 10 per share, 1,200,000,000, an increase of fifty percent of the previous capital of 800,000,000 through the issuance of one bonus share for every two shares held.
During the fourth quarter of 2015, Bupa Arabia’s capital was increased to 80,000,000 shares at 10 per share, 800,000,000, a doubling of the previous capital of 40,000,000 shares, 400,000,000, through the issuance of one bonus share for every share held. Please refer to the Financial Statements’ notes for more details.
Bupa Investments Overseas Limited, controlling 43.25% and Nazer Group controlling 7.3%. There are no other major shareholders that own over 5.005%.
Please refer to the Financial Statements’ notes, and the Annual Board Report for more details about Bupa Arabia’s major shareholders.
Yes Bupa Arabia pays dividends, where it feels it is appropriate to do so, after having received the required regulatory approval(s). Bupa Arabia’s dividend history is illustrated below:
| Fiscal Results Year | No. of Shares in Issue | Dividends Per Share | Dividend Amount | Year Distributed |
| 2022 | 150,000,000 | 3.8 | 540,000,000 | 2023 |
| 2021 | 120,000,000 | 4.5 | 540,000,000 | 2022 |
| 2020 | 120,000,000 | 3.4 | 408,000,000 | 2021 |
| 2019 | 120,000,000 | N/A | N/A | N/A |
| 2018 | 120,000,000 | 1.5 | 180,000,000 | 2019 |
| 2017 | 80,000,000 | 2 | 160,000,000 | 2018 |
| 2016 | 80,000,000 | 1.5 | 120,000,000 | 2017 |
| 2015 | 80,000,000 | 2 | 160,000,000 | 2016 |
| 2014 | 40,000,000 | N/A | N/A | N/A |
| 2013 | 40,000,000 | 0.5 | 20,000,000 | 2014 |
| 2012 | 40,000,000 | 1 | 40,000,000 | 2013 |
| 2009-2011 | 40,000,000 | N/A | N/A | N/A |
The Annual Financial Statements (AFS) and Annual Board Report (ABR) are available, for each statutory financial period, on this website within the Financial Information section. The AFS and ABR are also available on the Bupa Arabia dedicated page on the Tadawul website.
Bupa Arabia’s annual financial period runs from January the 1st through to the 31st of December each year. The first Bupa Arabia statutory financial statements were issued for the period ending 31st December 2009, for the period from May 1, 2008 through December 31st, 2009.
Information on Bupa Arabia can be retrieved through this website and / or through the Bupa Arabia dedicated page on the Saudi Stock Exchange (Tadawul), both of which contain all of Bupa Arabia’s Tadawul stock exchange announcements (the Bupa Arabia Tadawul stock code is 8210).
N.B: Regulatory requirements of a Saudi publicly listed company do not enable Bupa Arabia to provide additional information to individual shareholders beyond what was already made publicly available by Bupa Arabia to all its shareholders through Tadawul announcements and the Bupa Arabia website.
Bupa Arabia’s independent joint external auditors are currently:
KPMG
Price Waterhouse Coopers
Bupa Arabia’s independent external actuary is Lux Actuaries & Consultants.
Bupa Arabia’s Board members, for the current term, which commenced on 01/07/2022G and which will end on 30/06/2025G are:
| Name | Membership Type |
| Loay Nazer (Chairman) | Non-Executive Director (NED) |
| David Fletcher (Vice-Chairman) | Non-Executive Director (NED) |
| Osamah Shaker | Independent Member |
| Huda Bin Ghoson | Independent Member |
| Abdulla Elyas | Independent Member |
| Nigel Sullivan | Non-Executive Director (NED) |
| Martin Houston | Non-Executive Director (NED) |
| Tal Nazer (Managing Director) | Executive Director |
| Nader Ashoor | Non-Executive Director (NED) |
Bupa Arabia invests internationally through the company’s regular investment activities.
Bupa Arabia is considered to be a local Saudi Arabian company listed on the Saudi Arabia Stock Exchange (Tadawul) and it is governed by the local Saudi Arabian jurisdiction and local regulations.
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