Bupa Arabia for cooperative Insurance Company announces the results of the first ordinary general assembly meeting that took place on Sunday 30/12/1429H (corresponding to December 28, 2008G.) at 04:00 pm at Crown Plaza Hotel, Jeddah city. The meetings quorum was 60.49% out of 40 million shares. In accordance to Article 91 of the Saudi Regulations for Companies and Article 32 of the Companys bylaws, the minimum quorum requirement has been met. In reference to the letter of the Saudi Arabian Monetary Agency (SAMA) No. 2173 M.DH.MT dated 12/11/1429H, the Companys board of directors recommendations and the voting results, the general assembly meeting has announced that all the meeting agenda items were approved by 100% of the attendant shareholders through voting. The items approved are 1) Approval of the Boards proposal to acquire the insurance portfolio of BUPA Middle East in accordance with the letter of the Saudi Arabian Monetary Agency (SAMA) No. 2173 M.DH.MT dated 12/11/1429H. (corresponding to November 11, 2008G.), and authorization of the Board to complete the procedures required for finalization of the acquisition transaction, including the approval of the terms and conditions of the insurance portfolio acquisition agreement to be entered into with BUPA Middle East (in their capacity as the Seller) and ASAS Health Care Company Ltd (in its capacity as the agent of BUPA Middle East in the Kingdom of Saudi Arabia); and 2) Approval of the acquisition date scheduled for January 1, 2009G.