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Bupa Arabia’s IPO took place in the first half of 2008 when 16,000,000 shares were offered at SR10 per share, as per the Saudi market regulations’ public offering price per share for insurers.
The SR160 million offered represented 40 percent of Bupa Arabia’s share capital, of SR400 million at the time and the IPO was the most successful insurance IPO in Saudi Arabia with SR1,474,473,500 raised, representing an over-subscription of 9.2 times.
Bupa Arabia was incorporated on 11th May 2008 and listed on the Saudi (Tadawul) stock exchange on 17th May 2008.
During the fourth quarter of 2022, Bupa Arabia’s capital was increased to 150,000,000 shares at SR10 per share, SR 1,500,000,000, an increase of twenty-five percent of the previous capital of SR1,200,000,000 through the issuance of one bonus share for every four shares held.
During the fourth quarter of 2018, Bupa Arabia’s capital was increased to 120,000,000 shares at SR10 per share, SR1,200,000,000, an increase of fifty percent of the previous capital of SR800,000,000 through the issuance of one bonus share for every two shares held.
During the fourth quarter of 2015, Bupa Arabia’s capital was increased to 80,000,000 shares at SR10 per share, SR800,000,000, a doubling of the previous capital of 40,000,000 shares, SR400,000,000, through the issuance of one bonus share for every share held. Please refer to the Financial Statements’ notes for more details.
Bupa Investments Overseas Limited, controlling 43.25%, and Nazer Group, controlling 5.005%, are Bupa Arabia’s major controlling shareholders. There are no other major shareholders that own over 5%.
Yes Bupa Arabia pays dividends, where it feels it is appropriate to do so, after having received the required regulatory approval(s). Bupa Arabia’s dividend history is illustrated below:
Bupa Arabia’s annual financial period runs from January the 1st through to the 31st of December each year. The first Bupa Arabia statutory financial statements were issued for the period ending 31st December 2009, for the period from May 1, 2008 through December 31st, 2009.
Information on Bupa Arabia can be retrieved through this website and / or through the Bupa Arabia dedicated page on the Saudi Stock Exchange (Tadawul), both of which contain all of Bupa Arabia’s Tadawul stock exchange announcements (the Bupa Arabia Tadawul stock code is 8210).
N.B: Regulatory requirements of a Saudi publicly listed company do not enable Bupa Arabia to provide additional information to individual shareholders beyond what was already made publicly available by Bupa Arabia to all its shareholders through Tadawul announcements and the Bupa Arabia website.
Bupa Arabia’s independent joint external auditors are currently:
Bupa Arabia’s independent external actuary is Shivash Bhagaloo.
Bupa Arabia’s Board members, for the current term, which commenced on 01/07/2022G and which will end on 30/06/2025G are: