Bupa to increase stake in Bupa Arabia to 43.25%
Thursday, 06 11 2020, Category: Insurance and Reinsurance, Country: Saudi Arabia
Bupa Investments Overseas Limited (BIOL) is planning to increase its shareholding in Bupa Arabia from 39.25% to 43.25%. This follows an agreement on the acquisition of a portion of Nazer Group’s stake in Bupa Arabia, resulting in a 4.00% increase of BIOL’s stake to 43.25%.
This is a transaction between Bupa and Nazer Group and the agreed price, of SAR 105 per share, totaling SAR 504 million reflects the partners’ confidence in the strong future prospects of Bupa Arabia.