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Bupa Arabia For Cooperative Insurance Company (the “Company”) is a Saudi Joint Stock Company incorporated in the Kingdom of Saudi Arabia as per the Ministry of Commerce and Industry’s Resolution number 138/K dated 24 Rabi Thani 1429H (corresponding to 1 May 2008). The Commercial Registration number of the Company is 4030178881 dated 5 JumadAwwal 1429H (corresponding to 11 May 2008).
The Company is licensed to conduct insurance business in the Kingdom of Saudi Arabia under cooperative principles in accordance with Royal Decree No. M/74 dated 29 Shabaan 1428 H (corresponding to 11 September 2007) pursuant to the Council of Ministers’ Resolution No 279 dated 28 Shabaan 1428 H (corresponding to 10 September 2007).
Bupa Arabia received on 07/02/2023, the approval from SAMA of the renewal of its insurance activities license, for the three (3) year period starting from 06/08/1444H, corresponding to 26/03/2023G, and ending on 05/08/1447H, corresponding to 24/01/2026G.
Bupa Arabia listed on the Saudi Stock Exchange (Tadawul) on 12/05/1429H, corresponding to 17/05/2008G, and as a publicly listed Company is regulated by the Capital Market Authority (CMA). The CMA website related information, about Bupa Arabia, can be reached through the following link which will take you to the Bupa Arabia home page on Tadawul:
Bupa Arabia's CHI license was renewed following the receipt of the formal approval letter from the Secretary General of the Council of Health Insurance (CHI) of its CHI health insurance license renewal for three years effective from 05/08/1444H corresponding to 15 February 2023G.
As a company with foreign shareholders, Bupa Arabia is subject to the foreign investment laws of SAGIA. Bupa Arabia’s SAGIA license, number 11203103440, as originally issued on 26/01/1426H, corresponding 07/03/2005G, is currently valid until 16/02/1444H, corresponding to 13/09/2022G.
To see a copy of the Bupa Arabia Company bylaws, simply click on the link below. Please note that this is a large document and may take a while to open.
Board Member (Executive)
(Chief Financial Officer)
Chief Business Development Officer, CET
Mr. Ali Mohammed Sheneamer has over 20 years’ collective experience in marketing, sales and general management of which 5 years in Saudi health insurance, having joined in 2013 as Chief Commercial Officer. Ali has served, before joining Bupa Arabia, as the Deputy Governor and Chief Operating Officer of SAGIA for five years. Prior to this Ali was employed as group marketing head at the National Commercial Bank for two years and in various marketing assignments at Procter & Gamble for eight years. Ali currently serves as a board member of Baazeem Trading Company (a publicly traded Saudi company) and Ahmed Mohamed Saleh Baeshen & Co. (a closed joint stock Saudi company) and he is a member of the SAMA health insurance sub-committee. Ali holds a Bachelor’s degree in science (computer engineering) from King Abdulaziz University, Saudi Arabia.
Chief Human Resources Officer (CHRO)
Prior to joining Bupa Arabia, Tariq handled a wide range of leading roles in the Human Resources Department on global and regional levels at Procter & Gamble. He led P&G in Saudi Arabia as the country’s HR leader and spearheaded an overseas assignment at the company’s headquarters in Switzerland.
Chief of Sales
Atef began his career with Saudi British Bank (SABB) in 1995 and spent more than 12 years working in the banking industry. During his tenure, he held senior management roles in branch network, sales and customer services, which led him to assume Executive roles as the Deputy General Manager, Personal Financial Services overlooking all sales function (branch, direct sales, financial planning and Takaful sales) in KSA. He spent a couple of years as the Managing Director for Saudi Distribution Company (part of Saudi Research & Marketing Group) followed by two years as the Western Region General Manager for Bank Al Bilad. Prior to joining Bupa Arabia, Atef was the Chief Commercial Officer and a member of the Board of Directors of Panda Retail Co. for six years. In this important position, he overlooked all the commercial buying and supply chain of Panda business in KSA, UAE & Egypt.
Chief Operations Officer (COO)
Chief Governance, Risk & Control Officer (CGRCO)
Chief Investment Officer (CIO)
Minutes from the completed General Assembly Meetings
A summary of all of the Bupa Arabia General Assembly Meetings is reflected below together with a PDF of the minutes:
* Only Arabic version is available.
To see a copy of the Bupa Arabia Share Prospectus, simply click the button below.
Please be aware that this is a large document and may take a minute or two to open.