Bupa Arabia for Cooperative Insurance company announces its audited financial results for the period from 01/05/2008 (as per the Ministerial decree formation date) to 31/12/2008: 1)Net loss for the period amounted to SR 1.7 million. 2)Loss per share for the period amounted to SR 0.043. 3)Shareholders Investment Income for the period amounted to SR 9.8 million. 4)Pre-incorporation costs relating to the formation of the Company amounted to SR 17.3 million, of which SR 8.3 million related to the cost of raising the capital and the remaining SR 9 million related to the operational cost of the formation of the Company. Other pre-operating expenses for the period amounted to SR 2.5 million. 5)There is no prior period comparison because the 2008 results announcement is the first for Bupa Arabia. there are no operational revenues reported during the period because the company did not conduct any insurance activities during the period. Bupa Arabia will commence insurance activities from 01/01/2009 and is in the process of acquiring the insurance portfolio of Bupa Middle East Limited E.C. (subject to obtaining the required relevant regulatory approvals).