In 1997, the Bupa Group set up a partnership with the Nazer Group to form Bupa Middle East. The new joint venture started its Saudi operations with its focus on providing a world class service and to becoming a market leader.
Under insurance regulation, Bupa transformed its business from being a joint venture to a publicly listed company offering cooperative health insurance. Bupa Arabia recently floated 40% of its shares to the public, in the most successful IPO for an insurance company in KSA ever, being oversubscribed by over 900%.
This success is consistent with Bupa’s great reputation as a provider of quality healthcare and world-class services. This reputation is further enhanced by the various awards and recognition Bupa Arabia has received.