Investor Relations

 

ROYAL DECREES, MINISTRY AND STOCK EXCHANGE RELATED

Bupa Arabia For Cooperative Insurance Company (the “Company”) is a Saudi Joint Stock Company incorporated in the Kingdom of Saudi Arabia as per the Ministry of Commerce and Industry’s Resolution number 138/K dated 24 Rabi Thani 1429H (corresponding to 1 May 2008). The Commercial Registration number of the Company is 4030178881 dated 5 JumadAwwal 1429H (corresponding to 11 May 2008).

The Company is licensed to conduct insurance business in the Kingdom of Saudi Arabia under cooperative principles in accordance with Royal Decree No. M/74 dated 29 Shabaan 1428 H (corresponding to 11 September 2007) pursuant to the Council of Ministers’ Resolution No 279 dated 28 Shabaan 1428 H (corresponding to 10 September 2007).

SAUDI CENTRAL BANK (SAMA) LICENSE

Bupa Arabia’s Saudi Central Bank (SAMA) insurance activities license, number 20088/18/TMN, dated 09/08/1429H, corresponding 10/08/2008G, was renewed again, after the receipt, on Monday 13th Rajab 1441H, corresponding to 8th March 2020G, of the approval from the Saudi Central Bank (SAMA) of the renewal of its insurance activities license for the three (3) year period starting from 6/8/1441H, corresponding to 30/3/2020G and ending on 5/8/1444H, corresponding to 25/2/2023G.

 

CAPITAL MARKET AUTHORITY (CMA)

Bupa Arabia listed on the Saudi Stock Exchange (Tadawul) on 12/05/1429H, corresponding to 17/05/2008G, and as a publicly listed Company is regulated by the Capital Market Authority (CMA). The CMA website related information, about Bupa Arabia, can be reached through the following link which will take you to the Bupa Arabia home page on Tadawul:

Tadawul.com.sa

COUNCIL OF HEALTH INSURANCE (CHI)

Bupa Arabia’s CHI health insurance license, number 102, was renewed again following the receipt, on Wednesday 8th Rajab 1443H corresponding to 9th February 2022G, through the System, of its CHI health insurance license requalification for 1 year. The CHI requalification is effective from 08/07/1443H corresponding to 09/02/2022G.

SAUDI ARABIAN GENERAL INVESTMENT AUTHORITY (SAGIA)

As a company with foreign shareholders, Bupa Arabia is subject to the foreign investment laws of SAGIA. Bupa Arabia’s SAGIA license, number 11203103440, as originally issued on 26/01/1426H, corresponding 07/03/2005G, is currently valid until 16/02/1444H, corresponding to 13/09/2022G.

To see a copy of the Bupa Arabia Company bylaws, simply click on the link below. Please note that this is a large document and may take a while to open.

Original Memorandum of Association (MOA): Download PDF
Amended MOA: Download PDF
Latest Company by-laws/Articles of Association (AOA): Download PDF

Name Percentage
Bupa Investments Overseas Ltd. 43.25%
The Nazer Group controls 9.09% through the below two legal entity companies:

Nazer Group Holding Company Ltd.

Modern Computer Programs Company Ltd.




9.00%

0.09%

Tal Nazer

Board Member (Executive)

Mr. Tal Hisham Nazer has been a Board Member and the Chief Executive Officer of Bupa Arabia since 2008. Leading this top and fast-growing specialized health care company to higher standards, his relationship circle has widened and strengthened in the insurance market in Saudi Arabia with regulators, healthcare providers and the insured.

Mr Tal Nazer is a Board and Committee member for various companies. He is the Chairman of Najm for Insurance Services Company and Vice Chairman of the Nazer Group, he joined the CEC of Bupa Group in an advisory capacity, and a member of SAMA’s Insurance Executive Committee. He is also a Board member of the Financial Academy and a member of Endeavor Saudi Arabia Board of Directors. Mr. Nazer is also a member of CCHI’s Private Health Insurance Strategic Committee, a member of the Young Presidents Organization (YPO) and a member of Young Global Leaders (YGL).

Mr. Tal Nazer holds an MBA from The Wharton School, Pennsylvania, USA (in Finance and Buyouts, completed in 2001) and a BA in Economics from the University of California at Los Angeles (completed in 1996).

Nader Ashoor

Board Member (Executive), and Chief Financial Officer (CFO)

Mr. Nader Ashoor was appointed as Executive Board Member, effective 30/06/20, having joined Bupa Arabia in November 2016, as Chief Financial Officer.

Prior to joining Bupa Arabia Nader spent over 14 years with Saudi Aramco, where he had taken on various professional, supervisory and leadership roles, including the role of Director, IPO Design, and then Director, Finance readiness-IPO. In addition to his regular duties, Nader also served as Investment Committee Member of the Saudi Aramco Entrepreneurship Ventures Company.

Since 2018 Nader has been an independent Board member, and member of the Audit Committee, of Saudi Steel Pipes (SSP), a Saudi publicly listed company and leading manufacturer of pipes in the MENA region.

Nader holds an MBA degree with distinction in leadership from IMD International in Lausanne, Switzerland, as well as a Bachelor’s degree in Accounting (first class honors) from KFUPM. He also holds the CMA and CIA certifications and has successfully completed the rigorous CPA examination requirements.

Nader has also received multiple coveted awards, including the Prince Mohammad bin Fahd Academic Excellence Award, the IMA’s Distinguished Performance Award and the IIA’s William S. Smith Certificate of Honor Award.

Ali Sheneamer

Chief Business Development Officer, CET

Mr. Ali Mohammed Sheneamer has over 20 years’ collective experience in marketing, sales and general management of which 5 years in Saudi health insurance, having joined in 2013 as Chief Commercial Officer. Ali has served, before joining Bupa Arabia, as the Deputy Governor and Chief Operating Officer of SAGIA for five years. Prior to this Ali was employed as group marketing head at the National Commercial Bank for two years and in various marketing assignments at Procter & Gamble for eight years. Ali currently serves as a board member of Baazeem Trading Company (a publicly traded Saudi company) and Ahmed Mohamed Saleh Baeshen & Co. (a closed joint stock Saudi company) and he is a member of the SAMA health insurance sub-committee. Ali holds a Bachelor’s degree in science (computer engineering) from King Abdulaziz University, Saudi Arabia.

Tariq Alamoudi

Chief Human Resources Officer (CHRO)

Prior to joining Bupa Arabia, Tariq handled a wide range of leading roles in the Human Resources Department on global and regional levels at Procter & Gamble. He led P&G in Saudi Arabia as the country’s HR leader and spearheaded an overseas assignment at the company’s headquarters in Switzerland. 

Tariq holds an MBA degree in Strategy and HRM from Griffith Business School and a Bachelor’s degree in Marketing Management from Griffith University, Australia.

Atef Mufti

Chief of Sales

Atef began his career with Saudi British Bank (SABB) in 1995 and spent more than 12 years working in the banking industry. During his tenure, he held senior management roles in branch network, sales and customer services, which led him to assume Executive roles as the Deputy General Manager, Personal Financial Services overlooking all sales function (branch, direct sales, financial planning and Takaful sales) in KSA. He spent a couple of years as the Managing Director for Saudi Distribution Company (part of Saudi Research & Marketing Group) followed by two years as the Western Region General Manager for Bank Al Bilad. Prior to joining Bupa Arabia, Atef was the Chief Commercial Officer and a member of the Board of Directors of Panda Retail Co. for six years. In this important position, he overlooked all the commercial buying and supply chain of Panda business in KSA, UAE & Egypt.

Atef holds a Bachelor’s degree in Marketing from King Fahad University of Petroleum and Minerals with a minor degree in Management.

Mohamed El Missaoui

Chief Operations Officer (COO)

Mr. Mohamed El Missaoui joined Bupa Arabia in 2011 as the Director – Total Quality Management and spearheaded the design and the implementation of the Bupa Arabia Service Excellence Framework, leading the implementation of a number of innovations in the Operations and Healthcare services areas. Since 2013, as Director of Operations, Mohamed was in charge of the service operations areas related to customer service, mega accounts, membership fulfilment and quality, and during 2018 was promoted to the role of Chief Operating Officer.   

Prior to joining Bupa Arabia, Mohamed was with Unilever MENA and led a variety of different MENA assignments related to the Supply Chain, ranging from Distribution, Logistics, and Customer service, to industrial engineering and quality. Mohamed has a collective more than 18 years’ experience in the insurance, banking and FMCG sectors and prior to Unilever worked for two major North African banks.

Mohamed holds electro-mechanical engineering and MBA Finance degrees.

Amro Shawli

Chief Risk Officer (CRO)

Mr. Amro Shawli joined Bupa Arabia in April 2022, as Chief Risk Officer.

Amro has a collective of 18+ years of multi-sector experience in the areas of risk and audit. Prior to joining Bupa Arabia, Amro was Chief Audit Executive of Aramco America (also known as Aramco Services Company) in Houston, Texas, USA. In this capacity, he served as the Audit Manager for Aramco America’s subsidiaries including Saudi Petroleum International Inc., Saudi Refining Inc., Aramco Training Services Company, Aramco Performance Material and Aramco Associated Company.

Most recently, Amro held the position of Chief Audit Executive for Vision Invest International (VII), a leading development and investment company at the forefront of public and private sector partnerships in Saudi Arabia and the GCC. What’s more, Amro is the Advanced Piping Solutions Company Audit and Risk Committee (ARC) Chairman and a member of the East Pipes Company ARC. He also served in many other audit and risk committees at Miahona, Saudi Tabreed, Air Products Qudra and Saudi Arabian Logistics Companies.

Amro holds an MBA degree in Accounting and Finance from Cox Business School at SMU and a Bachelor of Science degree in Accounting and Marketing from Southern Illinois University. He is also a Certified Internal Auditor (CIA) and a Certified Management Accountant (CMA)

Announcement Hijri Date Georgian Date
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. INVITES ITS SHAREHOLDERS TO ATTEND THE EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) THAT INCLUDES INCREASE OF THE COMPANY’S CAPITAL THROUGH MODERN TECHNOLOGY MEANS 1444/04/21 15/11/2022
Bupa Arabia for Cooperative Insurance Co. announces its Interim Consolidated Financial Results for the Period Ending on 2022-09-30 (Nine Months) 1444/04/09 03/11/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE APPOINTMENTS OF THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE VICE CHAIRMAN AND THE MANAGING DIRECTOR. 1444/01/16 14/08/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES RECEIVING THE FINAL APPROVAL FROM SAMA FOR A NEW INSURANCE PRODUCT 1444/01/12 10/08/2022
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2022-06-30 ( Six Months ) 1444/01/06 04/08/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE DIVIDEND PAYMENT DATE TO ITS SHAREHOLDERS FOR THE FISCAL YEAR 2021G. 1443/12/20 19/07/2022
Bupa Arabia for Cooperative Insurance Co. Announces Contract Award with SAUDI BASIC INDUSTRIES CORPORATION (SABIC) 1443/12/04 03/07/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 1443/12/04 03/07/2022
ADDENDUM ANNOUNCEMENT FROM BUPA ARABIA FOR COOPERATIVE INSURANCE CO. RELATED TO THE BOARD OF DIRECTORS RECOMMENDATION TO INCREASE THE COMPANY'S CAPITAL THROUGH BONUS SHARES 1443/12/04 03/07/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THAT THE BOARD OF DIRECTORS HAS RECOMMENDED AN INCREASE IN THE COMPANY'S CAPITAL THROUGH BONUS SHARES 1443/11/14 13/06/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. INVITES ITS SHAREHOLDERS TO ATTEND THE EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) THROUGH MODERN TECHNOLOGY MEANS. 1443/11/09 08/06/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THAT THE BOARD OF DIRECTORS HAS RECOMMENDED THE DISTRIBUTION OF CASH DIVIDENDS FOR THE 2021 FISCAL YEAR. 1443/11/07 06/06/2022
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months ) 1443/09/27 28/04/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER ORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 1443/07/28 01/03/2022
Bupa Arabia for Cooperative Insurance Co. announces its Annual Financial Results for the Period Ending on 2021-12-31 1443/07/23 24/02/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RENEWAL OF ITS CHI LICENSE 1443/07/09 10/02/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. INVITES ITS SHAREHOLDERS TO ATTEND THE ORDINARYGENERAL ASSEMBLY MEETING (FIRST MEETING) THROUGH MODERN TECHNOLOGY MEANS 1443/07/05 06/02/2022
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 1443/04/02 07/11/2021
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months ) 1443/03/28 03/11/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. INVITES ITS SHAREHOLDERS TO ATTEND THE EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) THROUGH MODERN TECHNOLOGY MEANS 1443/03/08 14/10/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE RECEIPT OF THE SAUDI CENTRAL BANK NO-OBJECTION TO ESTABLISH ("BUPA ARABIA VENTURES"). 1443/02/27 04/10/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE START OF THE BOARD NOMINATION PERIOD FOR THE NEW BOARD TERM 1443/02/07 14/09/2021
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months ) 1443/01/04 12/08/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE DIVIDEND PAYMENT DATE TO ITS SHAREHOLDERS FOR THE FISCAL YEAR 2020G. 27/11/1442 07/07/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI BASIC INDUSTRIES CORPORATION (SABIC) 24/11/1442 04/07/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 17/11/1442 27/06/2021
Bupa Arabia for Cooperative Insurance Company invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) through technology means 22/10/1442 03/06/2021
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months ) 21/09/1442 03/05/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE APPOINTMENT OF A BOARD MEMBER 13/09/1442 25/04/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE APPOINTMENT OF A BOARD MEMBER 24/08/1442 06/04/2021
Bupa Arabia for Cooperative Insurance Co. announces its Annual Financial Results for the Period Ending on 2020-12-31 25/07/1442 09/03/2021
Bupa Arabia for Cooperative Insurance Co. announces on the settlement of zakat, income and withholding tax claim with the General Authority for Zakat and Tax 09/07/1442 21/02/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RENEWAL OF ITS CCHI LICENSE 26/06/1442 08/02/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RESIGNATION OF A BOARD MEMBER 21/06/1442 03/02/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE RECEIPT OF THE SHARIYAH APPROVAL FROM ITS SHARIYAH ADVISOR 23/05/1442 07/01/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE NATIONAL COMMERCIAL BANK (RELATED PARTY) 21/04/1442 06/12/2020
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months ) 13/03/1442 29/10/2020
ADDENDUM ANNOUNCEMENT: BUPA COMPLETES INCREASE IN STAKE IN BUPA ARABIA TO 43.25%, WITH NAZER GROUP REMAINING A LONG-TERM SHAREHOLDER 12/01/1442 31/08/2020
ADDENDUM ANNOUNCEMENT: BUPA COMPLETES INCREASE IN STAKE IN BUPA ARABIA TO 43.25% WITH NAZER GROUP REMAINING A LONG-TERM SHAREHOLDER 12/01/1442 31/08/2020
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2020-06-30 ( Six Months ) 29/12/1441 19/08/2020
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 10/11/1441 01/07/2020
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI BASIC INDUSTRIES CORPORATION (SABIC) 09/11/1441 30/06/2020
Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) – Reminder 04/11/1441 25/06/2020
BUPA TO INCREASE STAKE IN BUPA ARABIA TO 43.25% WITH NAZER GROUP REMAINING A LONG-TERM SHAREHOLDER 18/10/1441 10/06/2020
Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) 17/10/1441 9/06/2020
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2020-03-31 ( Three Months ) 24/09/1441 17/05/2020
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES RECEIVING THE FINAL APPROVAL FROM SAMA FOR A NEW HEALTH INSURANCE PRODUCT 29/08/1441 22/04/2020
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES RECEIVING THE FINAL APPROVAL FROM SAMA FOR A NEW HEALTH INSURANCE PRODUCT 29/07/1441 22/04/2020
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE RE-CLASSIFICATION ON TADAWUL OF ITS MAJOR SHAREHOLDER AS A FOREIGN STRATEGIC INVESTOR 26/08/1441 19/04/2020
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES RECEIVING THE APPROVAL FROM THE SAUDI ARABIAN MONETARY AUTHORITY (SAMA) OF THE RENEWAL OF ITS SAMA INSURANCE ACTIVITIES LICENSE 14/07/1441 09/03/2020
Addendum Announcement from Bupa Arabia for Cooperative Insurance Co. in regards to the Annual Financial Results for the period ending on 31-12-2019. 03/07/1441 27/02/2020
Bupa Arabia for Cooperative Insurance Co. announces its Annual Financial Results for the Period Ending on 2019-12-31 03/07/1441 27/02/2020
Bupa Arabia for Cooperative Insurance Co. Announces the renewal of its CCHI license 18/06/1441 12/02/2020
Correcting announcement from Bupa Arabia for Cooperative Insurance Co. in regards to a further Board Nomination Period. 18/06/1441 12/02/2020
Addendum Announcement from Bupa Arabia for Cooperative Insurance Co. related to a further Board Nomination Period 15/06/1441 09/02/2020
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE START OF THE BOARD NOMINATION PERIOD FOR THE BOARD MEMBER VACANCY 12/04/1441 09/12/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE NATIONAL COMMERCIAL BANK (RELATED PARTY) 01/04/1441 28/11/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE COMPLETION OF THE FINAL PHASE OF THE PURCHASE OF ITS OWN SHARES FOR ITS EMPLOYEE INCENTIVE SCHEME FOR THE CURRENT YEAR CYCLE 27/03/1441 24/11/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE APPOINTMENT OF A BOARD MEMBER 22/03/1441 19/11/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE RESULTS OF THE SHAREHOLDER EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 16/03/1441 13/11/2019
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2019-09-30 ( Nine Months ) 23/02/1441 31/10/2019
Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) 23/02/1441 22/10/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE COMPLETION OF THE FIRST PHASE OF THE PURCHASE OF ITS OWN SHARES FOR ITS EMPLOYEE INCENTIVE SCHEME FOR THE CURRENT YEAR CYCLE 05/01/1441 04/09/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE APPOINTMENTS OF THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE VICE CHAIRMAN AND THE MANAGING DIRECTOR.) 02/01/1441 01/09/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI TELECOM COMPANY (STC) 24/12/1440 25/08/2019
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2019-06-30 ( Six Months ) 05/12/1440 06/08/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE DIVIDEND PAYMENT DATE TO ITS SHAREHOLDERS FOR THE FISCAL YEAR 2018G 29/10/1440 02/07/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RESIGNATION OF A BOARD MEMBER 29/10/1440 02/07/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 28/10/1440 01/07/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE COMMENCEMENT OF REMOTE E-VOTING FOR ITS EXTRAORDINARY GENERAL ASSEMBLY MEETING 23/10/1440 26/06/2019
ADDENDUM ANNOUNCEMENT: BUPA ARABIA FOR COOPERATIVE INSURANCE CO. INVITES ITS SHAREHOLDERS TO ATTEND THE EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 06/10/1440 09/06/2019
Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting) 25/09/1440 30/05/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI BASIC INDUSTRIES CORPORATION (SABIC) 07/09/1440 12/05/2019
Bupa Arabia for Cooperative Insurance Co. announces its interim Financial results for the period ending on 2019-03-31 ( Three Months ) 07/09/1440 12/05/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES RECEIVING THE FINAL APPROVAL FROM SAMA FOR A NEW INSURANCE PRODUCT 26/08/1440 01/05/2019
Bupa Arabia for Cooperative Insurance Co. announces the distribution of cash dividend for 2018 Fiscal Year 25/08/1440 30/04/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE RECEIPT OF THE SHARIYAH APPROVAL FROM ITS SHARIYAH ADVISOR 24/08/1440 29/04/2019
Bupa Arabia for Cooperative Insurance Co. announces its Annual financial results for the period ending on 2018-12-31 04/07/1440 11/03/2019
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RENEWAL OF ITS CCHI LICENSE 05/06/1440 10/02/2019
Bupa Arabia for Cooperative Insurance announces the deposit of the fractions shares sale proceeds arising out of the capital increase into shareholders' portfolios 13/04/1440 20/12/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE NATIONAL COMMERCIAL BANK (RELATED PARTY) 03/04/1440 10/12/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 17/03/1440 25/11/2018
ADDENDUM ANNOUNCEMENT: BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE START OF THE BOARD NOMINATION PERIOD FOR THE NEW BOARD TERM 14/03/1440 22/11/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE COMMENCEMENT OF REMOTE E-VOTING FOR ITS EXTRAORDINARY GENERAL ASSEMBLY MEETING WHICH INCLUDES INCREASING THE COMPANY'S CAPITAL 10/03/1440 18/11/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE START OF THE BOARD NOMINATION PERIOD FOR THE NEW BOARD TERM 10/03/1440 18/11/2018
Bupa Arabia for Cooperative Insurance Co. announces its interim Financial results for the period ending on 2018-09-30 ( Nine Months ) 30/02/1440 08/11/2018
Bupa Arabia for Cooperative Insurance Co. Announces invitation to extraordinary general meeting that includes Increase of the company’s capital ( First Meeting ) 23/02/1440 01/11/2018
ADDENDUM ANNOUNCEMENT: BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RESIGNATION OF A BOARD MEMBER AND THE APPOINTMENT OF A BOARD MEMBER 07/01/1440 17/09/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RESIGNATION OF A BOARD MEMBER AND THE APPOINTMENT OF A BOARD MEMBER 06/01/1440 16/09/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE COMPLETION OF THE SECOND AND FINAL PHASE OF THE PURCHASE OF ITS OWN SHARES FOR ITS EMPLOYEE INCENTIVE SCHEME FOR THE CURRENT YEAR CYCLE 24/12/1439 04/09/2018
BUPA INVESTMENT OVERSEAS LIMITED COMPLETES INCREASE IN STAKE IN BUPA ARABIA TO 39.25% WITH NAZER GROUP CONTINUING TO REMAIN A LONG-TERM SHAREHOLDER 25/11/1439 07/08/2018
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 30-06-2018 (Six Months) 20/11/1439 2/8/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI GROUND SERVICES (RELATED PARTY) 18/10/1439 02/07/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI BASIC INDUSTRIES CORPORATION (SABIC) 17/10/1439 01/07/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE PURCHASE OF ITS OWN SHARES FOR ITS EMPLOYEE INCENTIVE SCHEME 6/10/1439 20/6/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE DIVIDEND PAYMENT DATE TO ITS SHAREHOLDERS FOR THE FISCAL YEAR 2017G 22/9/1439 6/6/2018
ADDENDUM ANNOUNCEMENT FROM BUPA ARABIA FOR COOPERATIVE INSURANCE CO. RELATED TO THE RESULTS OF THE SHAREHOLDER EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 19/9/1439 3/6/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER EXTRAORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 19/9/1439 3/6/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE APPOINTMENT OF AN AUDIT COMMITTEE MEMBER 14/09/1439 29/05/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE COMMENCEMENT OF REMOTE E-VOTING FOR ITS EXTRAORDINARY GENERAL ASSEMBLY MEETING. 12/09/1439 27/05/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE RECEIPT OF THE SHARIYAH APPROVAL FROM ITS SHARIYAH ADVISOR 02/09/1439 17/05/2018
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months) 24/08/1439 10/05/2018
Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Extraordinary general assembly Meeting 23/08/1439 09/05/2018
Bupa Arabia for Cooperative Insurance Co. announces the correction in the previous Arabic announcement relating to the Distribution of Dividends 02/08/1439 18/04/2018
ADDENDUM ANNOUNCEMENT FROM BUPA ARABIA FOR COOPERATIVE INSURANCE CO. RELATED TO THE BOARD OF DIRECTORS RECOMMENDATION TO INCREASE THE COMPANY'S CAPITAL THROUGH BONUS SHARES. 02/08/1439 18/04/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THAT THE BOARD OF DIRECTORS HAS RECOMMENDED THE DISTRIBUTION OF DIVIDENDS FOR THE FISCAL YEAR 2017 01/08/1439 17/04/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THAT THE BOARD OF DIRECTORS HAS RECOMMENDED AN INCREASE IN THE COMPANY'S CAPITAL THROUGH BONUS SHARES. 29/07/1439 15/04/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RESIGNATION OF A BOARD MEMBER AND THE APPOINTMENT OF A BOARD MEMBER 26/07/1439 12/04/2018
Bupa Arabia for Cooperative Insurance Co. announces the annual financial results for the period ending on 31-12-2017 11/07/1439 28/03/2018
BUPA TO INCREASE STAKE IN BUPA ARABIA TO 39.25% WITH NAZER GROUP CONTINUING TO REMAIN A LONG-TERM SHAREHOLDER 27/06/1439 15/03/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RENEWAL OF ITS CCHI LICENSE 29/05/1439 15/02/2018
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 31-12-2017 (Twelve Months) 27/05/1439 13/02/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES SIGNING A THIRD PARTY ADMINISTRATION SERVICES AGREEMENT WITH SAUDI ARABIAN OIL COMPANY (SAUDI ARAMCO) 14/04/1439 01/01/2018
BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES THE RESULTS OF THE SHAREHOLDER ORDINARY GENERAL ASSEMBLY MEETING (FIRST MEETING) 15/03/1439 03/12/2017
Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Ordinary general assembly Meeting 01/03/1439 19/11/2017
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 30-09-2017 (Nine Months) 13/02/1439 02/11/2017
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 30-06-2017 (Six Months) 07/11/1438 30/07/2017
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI BASIC INDUSTRIES CORPORATION (SABIC) 08/10/1438 02/07/2017
Addendum announcement: Bupa completes increase in stake in Bupa Arabia to 34.25% with Nazer Group continuing to remain a long-term shareholder 19/09/1438 14/06/2017
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE PURCHASE OF ITS OWN SHARES FOR ITS EMPLOYEE INCENTIVE SCHEME 04/09/1438 30/05/2017
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THAT IT HAS RECEIVED THE APPROVAL OF ALL THE NECESSARY LEGALITY 03/09/1438 29/05/2017
Bupa to increase stake in Bupa Arabia to 34.25% with Nazer Group continuing to remain a long-term shareholder 15/08/1438 11/05/2017
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 31-03-2017 (Three Months) 15/08/1438 11/05/2017
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE DIVIDEND PAYMENT DATE TO ITS SHAREHOLDERS FOR THE FISCAL YEAR 2016G 15/08/1438 11/05/2017
Bupa Arabia for Cooperative Insurance Co. announces the results of shareholder Extraordinary General Assembly Meeting (First Meeting) 13/08/1438 09/05/2017
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES RECEIVING THE APPROVAL FROM THE SAUDI ARABIAN MONETARY AUTHORITY (SAMA) OF THE RENEWAL OF ITS SAMA INSURANCE ACTIVITIES LICENSE 06/08/1438 02/05/2017
No Translation, See the Arabic Version 29/07/1438 26/04/2017
Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Extraordinary General Assembly Meeting 28/07/1438 25/04/2017
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES DIVIDENDS FOR THE FISCAL YEAR 2016 14/06/1438 13/03/2017
Bupa Arabia for Cooperative Insurance Co. announces the annual financial results for the Year ended in 31-12-2016 26/05/1438 23/02/2017
Bupa Arabia for Cooperative Insurance Company announces the receipt of the CCHI formal letter of approval of its CCHI health insurance requalification 22/05/1438 19/02/2017
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE APPOINTMENTS OF THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE VICE CHAIRMAN, THE CEO AND THE FORMATION OF THE BOARD COMMITTEES 27/04/1438 25/01/2017
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 31-12-2016 (Twelve Months) 20/4/1438 18/01/2017
Bupa Arabia for Cooperative Insurance Co. announces the results of the Ordinary General Assembly meeting 22/3/1438 21/12/2016
Bupa Arabia for Cooperative Insurance Co. announces the results of the Ordinary General Assembly meeting 09/03/1438 08/12/2016
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 30-09-2016 (Nine Months) 15/01/1438 16/10/2016
Addendum announcement from Bupa Arabia for Cooperative Insurance Co. related to a further Board Nomination Period. 19/12/1437 20/09/2016
Bupa Arabia for Cooperative Insurance announces that its financial statements are prepared in accordance with International Accounting Standards (IAS) 27/11/1437 30/08/2016
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE START OF BOARD NOMINATION PERIOD 29/10/1437 03/08/2016
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 30-06-2016 (Six Months) 16/10/1437 21/07/2016
Bupa Arabia for Cooperative Insurance announces signing an Investment Advisory Agreement with (Jadwa Investment) 15/10/1437 20/07/2016
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THAT IT HAS RECEIVED THE APPROVAL OF ALL THE NECESSARY LEGALITY 08/10/1437 13/07/2016
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE SAUDI BASIC INDUSTRIES CORPORATION (SABIC) 25/09/1437 30/06/2016
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE DIVIDEND PAYMENT DATE TO ITS SHAREHOLDERS FOR THE FISCAL YEAR 2015G 01/09/1437 06/06/2016
Bupa Arabia for Cooperative Insurance Co. announces the results of shareholder Ordinary general assembly meeting 26/08/1437 02/06/2016
Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Ordinary General Assembly Meeting (Reminder) 19/08/1437 26/05/2016
AAddendum announcement from Bupa Arabia for Cooperative Insurance Co. related to inviting Its Shareholders to attend the Ordinary General Assembly Meeting 16/08/1437 23/05/2016
AAddendum announcement from Bupa Arabia for Cooperative Insurance Co. related to inviting Its Shareholders to attend the Ordinary General Assembly Meeting 24/07/1437 01/05/2016
Bupa Arabia for Cooperative Insurance Co. invites its shareholders to attend the Ordinary General Assembly Meeting 20/07/1437 27/04/2016
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES DIVIDENDS FOR THE FISCAL YEAR 2015 18/07/1437 25/04/2016
Addendum announcement from Bupa Arabia for Cooperative Insurance Co. related to the interim financial results for the period ending on 31-03-2016 (Three Months) 12/07/1437 19/04/2016
Bupa Arabia for Cooperative Insurance Co. announces the interim financial results for the period ending on 31-03-2016 (Three Months) 11/07/1437 18/04/2016
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE APPROVAL OF THE APPOINTMENT OF BOARD MEMBERS REPRESENTING THE FOREIGN SHAREHOLDER (BUPA INVESTMENTS OVERSEAS LIMITED) 07/07/1437 14/04/2016
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RESIGNATIONS OF BOARD MEMBERS REPRESENTING THE FOREIGN SHAREHOLDER (BUPA INVESTMENT OVERSEAS LIMITED) 05/06/1437 14/03/2016
Bupa Arabia for Cooperative Insurance Co. Announces the correction in the previous announcement relating to announces the renewal of its CCHI license 22/05/1437 02/03/2016
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RENEWAL OF ITS CCHI LICENSE 26/06/1442 08/02/2020
BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY ANNOUNCES THE RESIGNATION OF A BOARD MEMBER 21/06/1442 03/02/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE RECEIPT OF THE SHARIYAH APPROVAL FROM ITS SHARIYAH ADVISOR 22/06/1442 07/01/2021
BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES IT HAS BEEN AWARDED AS THE HEALTH INSURANCE PROVIDER FOR THE NATIONAL COMMERCIAL BANK (RELATED PARTY) 23/05/1442 06/12/2020
Bupa Arabia for Cooperative Insurance Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months ) 12/03/1442 29/10/2020

Minutes from the completed General Assembly Meetings

A summary of all of the Bupa Arabia General Assembly Meetings is reflected below together with a PDF of the minutes:

* Only Arabic version is available.

Meeting Number Meeting Type Meeting Date Meeting Result Announcement Date Minutes
22 Extraordinary 30/06/22 03/07/22 Download PDF
21 Ordinary 28/02/22 01/03/22 Download PDF
20 Extraordinary 04/11/21 07/11/21 Download PDF
19 Extraordinary 24/06/21 27/06/21 Download PDF
18 Extraordinary 30/06/20 01/07/20 Download PDF
17 Extraordinary 12/11/19 13/11/19 Download PDF
16 Extraordinary 30/06/19 01/07/19 Download PDF
15 Extraordinary 22/11/18 25/11/18 Download PDF
14 Extraordinary 31/05/18 03/06/18 Download PDF
13 Ordinary 30/11/17 02/12/17 Download PDF
12 Extraordinary 08/05/17 09/05/17 Download PDF
*11 Ordinary 20/12/16 21/12/16 Download PDF
*10 Ordinary 01/06/16 02/06/16 Download PDF
*9 Extraordinary 07/12/15 08/12/15 Download PDF
*8 Ordinary 01/06/15 02/06/15 Download PDF
*7 Ordinary 05/06/14 08/06/14 Download PDF
*6 Ordinary 10/04/13 13/04/13 Download PDF
*5 Ordinary 04/04/12 04/04/12 Download PDF
*4 Ordinary 21/03/11 22/03/11 Download PDF
*3 Ordinary 24/03/10 27/03/10 Download PDF
*2 Ordinary 09/09/09 12/09/09 Download PDF
*1 Ordinary 28/12/08 29/12/08 Download PDF

Eng. Loay Hisham Nazer

Chairman

Eng. Loay Hisham Nazer is the founder and Chairman of the Nazer Group of Companies. Eng. Loay started and continues to operate several companies in a variety of businesses including, health insurance, hospital procurement solutions, Dialysis Clinics, public relations, and asset management. He is also the Chairman of Bupa Arabia and Board member, since its incorporation in 2008, a publicly listed company on the Saudi stock exchange that specializes in health insurance, and which is the leading Saudi insurance company.

Eng. Loay has a B.S. in Mechanical Engineering from the University of California in Los Angeles (UCLA, 1987) and received his master’s degree in Business Administration (MBA) from the Anderson Graduate School of Management at UCLA (1989). In June 2005, Eng. Loay was awarded an Honorary Doctorate of Humane Letters from Goodwin College in Connecticut, USA.

In 2018, Eng. Loay was invited to join the Board of the Al-Ittihad Football Club and was appointed as the Chairman of its Board, from November 2018 until June 2019.

Eng. Loay is Chairman of the Makkah Cluster since 2016, which includes all the medical facilities in the city of Makkah that belong to the Ministry of Health and is one of the five medical clusters in the Kingdom of Saudi Arabia.

He was also appointed by the Public Investment Fund as a Board Member at the National Unified Procurement Company for Medical Supplies "NUPCO" from 2016 until the end of 2018.

In 2013, Eng. Loay was invited to join the Board of Visitors of the UCLA Anderson School of Management. Eng. Loay was elected to serve as the Chairman of the International Board of Directors for the year 2006-2007 of the Young Presidents’ Organization, a global non-profit organization of over 16,000 Chairmen and CEOs under the age of 50. He has made lasting impressions on the international organization with such profound contributions as "YPO Making a Difference."

Eng. Loay also previously served two terms as a Board member of the Council for Cooperative Health Insurance (CCHI), the official regulatory body for health insurance in Saudi Arabia, having been appointed by the Saudi Council of Ministers, representing the private sector, and he was the leading negotiator with the various governmental institutions for the development of the insurance industry in the country.

Eng. Loay was also previously: Chairman of the Saudi Arabian Judo Federation, elected by the Saudi Olympic General Assembly as a Board Member, and thereafter was also Vice-Chairman of the Saudi Olympic Committee.

Eng. Loay was nominated and selected by the World Economic Forum as a member of the Young Global Leaders (YGL), “a community of extraordinary leaders under the age of 40.” In 2010, he became a member of the first class of the Aspen Institute Leadership Fellows in the Middle East and was selected as one of UCLA Anderson’s Business School “100 Inspirational Alumni” in the 75 year’s history of the school.

Eng. Loay has three children: Lana (1990), Hisham (1992) and Tan (1997). He enjoys golf, running, biking, basketball, soccer, and many other sports.

Mr. David Martin Fletcher

Vice-Chairman (Non-Executive) Representing the foreign shareholder: Bupa Investments Overseas Limited

Mr. David Fletcher joined the Bupa Arabia Board of Directors on 8 September 2014, is the Vice-Chairman, and was re-appointed for the new term which commenced 1 July 2019.

Mr. Fletcher is currently the Bupa Group Chief Risk Officer (since January 2017), and member of its Executive Team, after being the Managing Director of Bupa International Development Markets (IDM), is a UK citizen based in London, and in 1985 completed a BA Honours in Modern History from the University of Durham, in the United Kingdom (UK).

David joined Bupa, the international healthcare group, as Chief Internal Auditor in March 2014 and was Managing Director of Bupa IDM since September 2014. In this role he was responsible for existing Bupa businesses in Poland, India, China, Thailand and Hong Kong, and for expansion into new domestic markets, as well as for Saudi Arabia through being on the Board of Bupa Arabia.

He joined Bupa from Permata Bank in Indonesia, one of Indonesia's largest banks and an affiliate of Standard Chartered, where he was President Director/CEO for four and a half years. Prior to this he had an extensive banking career at Standard Chartered, where he served as Head of Group Internal Audit across the Standard Chartered Group, and was Chief Executive Officer of Standard Chartered Bank Bangladesh from 2002 to 2004.

David has extensive international experience in banking, having held various senior positions in Nigeria, China, Hong Kong, Singapore, Bangladesh, Indonesia, and London with Standard Chartered and Citibank.

Mr. Osamah Shaker

Independent Board Member

An Independent Investment Committee Chairman since July 2019, and has been appointed as an independent Board member since July 2022

Mr. Osamah Shaker is CEO of GIB Capital, a Company wholly owned by GIP bank and based in Riyadh

Prior to joining GIB Capital, Mr. Shaker led the charge of banking control at the Saudi Central Bank (SAMA), overseeing and regulating all the commercial banks operating within Saudi Arabia. What’s more, he possesses an excess of 16 years of banking and investment related experience in the Kingdom, having held multiple leadership positions at both the Saudi British Bank and HSBC Saudi Arabia.

Additionally, Mr. Shaker has roughly 7 years working experience with the Institute of Public Administration (IPA) where he served as both an educator and statistical consultant. During his time at IPA, he also held the position of Head of the Department of Statistics.

Ms. Huda M. Bin Ghoson

(Board Member - Independent)

Bupa Arabia Independent Board Member, since 01/07/2019, and Nomination & Remuneration Committee Chair, since 12/02/2020.

Ms. Huda Al-Ghoson was the Executive Director of Human Resources at Saudi Aramco and was the first woman to be named a permanent executive director in the company’s history.

As the head of Human Resources (HR) she was responsible for all the Human Resource Management/Development programs in the company, including all HR and labour relations to more than 66,000 employees of 80 different nationalities.

Ms. Al-Ghoson holds an MBA from the American University of Washington, D.C., USA and a BA in English Literature from the King Saud University in Riyadh.

Huda has been on Forbes’ list of the most powerful Arab women and received the 2014 Arab Women Awards for Business Woman of the Year in Saudi Arabia. She was also selected as the 2015 Business Woman of the Year at the Arabian Business Achievement Awards, and honored with the 2016 Women in Leadership Award from the Bilateral US-Arab Chamber of Commerce.

In 2017, she received the 17th Middle East Women Leaders Excellence Award, and the 2017 Gold Award for Excellence by the Arab’s Women Council for Social Responsibility.

Huda is currently a member of the Board of the General Organization for Social Insurance

(GOSI), Credit Suisse Saudi Arabia Bank, Institute of Public Administration, a member of the Saudi Telecommunications Company (STC) Nomination & Remuneration Committee. Huda is the Chairwoman of the Board of Trustees of the Arabian Society of Human Resources Management (ASHRM).

Dr. Abdulla Elyas

Independent Board Member

Dr. Abdulla Elyas was appointed as independent Board member of Bupa Arabia, since 1 July 2019, and was subsequently also appointed as a member of its Audit Committee (AC) since 1 July 2022, and was subsequently also appointed as a member of its Risk Management Committee (RMC).

Dr. Abdulla Elyas is a co-founder of Careem, the technology company purchased by Uber in 2019, and current member of its executive leadership. Prior to joining Careem, Abdulla co-founded enwani, a cloud-based tech start-up in Saudi Arabia focused on the home delivery industry that was acquired by Careem in 2014.

He is passionate about building entrepreneurial ecosystems in the Middle East, focused on fast scaling businesses that leave significant impacts on society. And by providing further visibility to entrepreneurship in the region, developing talent and future entrepreneurs.

Dr. Abdulla serves as a board member, on a number of public and private companies, and has previously led management consulting engagements in Europe, the US, South East Asia and the Middle East.

Dr. Abdulla Elyas is a Saudi born and raised in Germany and graduated with an MSc in Computer Science and holds a PhD in Business Administration honoured with a Magna Cum Laude from RWTH Aachen.

Martin Houston

(Non-Executive Member) - Representing the foreign Shareholder: (Bupa Investments Overseas Limited (BIOL))

Mr. Martin Houston was appointed as Bupa Arabia Board member, effective 1 October 2018, is based in the USA, and served as a non-executive director on the main Board of Bupa, the international health insurance and provision group based in London, UK, from January 2014 until 31 December 2019, and which is the ultimate owner of the Bupa Arabia major shareholder BIOL.

Mr. Houston was appointed as Chairman of the Board of the EnQuest Group, effective 1 October 2019. EnQuest is an independent production and development company with operations in the UK North Sea and Malaysia. EnQuest PLC trades on the London Stock Exchange and the NASDAQ OMX Stockholm.

Mr. Houston is also the Vice-Chairman of Tellurian Incorporated, a Senior Advisor to Hakluyt and the Chairman of Moelis and Company’s Global Energy Group. He is also a non-executive director of CC Energy, a private exploration and production company.

Martin was previously employed by the BG Group plc and its predecessor companies, retiring after 32 years, in February 2014 as its Chief Operating Officer and a member of its Board. Between 2015 and 2018 Martin was the chairman of TPH International, a boutique investment bank based in Houston, Texas, USA.

Mr. Martin Houston has a Bachelor's degree in Geology, from the Newcastle University, England, UK, completed during 1979, and a Master's in Petroleum Geology, from the Imperial College London, England, UK, completed during 1983.

Mr. Nigel Sullivan

(Non-Executive Member) – Representing the foreign shareholder: (Bupa Investments Overseas Limited (BIOL))

Bupa Arabia Board member since 2021. Currently, Bupa Group Chief Sustainability and People Officer. He is a member of Bupa’s Chief Executive Committee.

Mr. Sullivan has extensive international experience in Human Resources having started his career at the Rover Group and has held senior HR positions at Nortel Networks, Marconi and Wincanton PLC where he was Group HRD.

Mr. Sullivan holds a Bachelor of Science degree in Environmental Science from the University of Bradford, England (completed in 1989), and a Post-Graduate Diploma in Personnel Management from the Chartered Institute of Personnel and Development, England (completed in 1991)

Mr. Tal Hisham Nazer

Board Member (Executive), and Chief Executive Officer (CEO)

Mr. Tal Hisham Nazer has been a Board Member and the Chief Executive Officer of Bupa Arabia since 2008. Leading this top and fast-growing specialized health care company to higher standards, his relationship circle has widened and strengthened in the insurance market in Saudi Arabia with regulators, healthcare providers and the insured.

Mr Tal Nazer is a Board and Committee member for various companies. He is the Chairman of Najm for Insurance Services Company and Vice Chairman of the Nazer Group, he joined the CEC of Bupa Group in an advisory capacity, and a member of SAMA’s Insurance Executive Committee. He is also a Board member of the Financial Academy and a member of Endeavor Saudi Arabia Board of Directors. Mr. Nazer is also a member of CCHI’s Private Health Insurance Strategic Committee, a member of the Young Presidents Organization (YPO) and a member of Young Global Leaders (YGL).

Mr. Tal Nazer holds an MBA from The Wharton School, Pennsylvania, USA (in Finance and Buyouts, completed in 2001) and a BA in Economics from the University of California at Los Angeles (completed in 1996).

Mr. Nader Ashoor

Board Member (Executive), Deputy CEO, and Chief Financial Officer (CFO)

Mr. Nader Ashoor was appointed as Executive Board Member, effective 30/06/20, having joined Bupa Arabia in November 2016, as Chief Financial Officer.

Prior to joining Bupa Arabia Nader spent over 14 years with Saudi Aramco, where he had taken on various professional, supervisory and leadership roles, including the role of Director, IPO Design, and then Director, Finance readiness-IPO. In addition to his regular duties, Nader also served as Investment Committee Member of the Saudi Aramco Entrepreneurship Ventures Company.

Since 2018 Nader has been an independent Board member, and member of the Audit Committee, of Saudi Steel Pipes (SSP), a Saudi publicly listed company and leading manufacturer of pipes in the MENA region.

Nader holds an MBA degree with distinction in leadership from IMD International in Lausanne, Switzerland, as well as a Bachelor’s degree in Accounting (first class honors) from KFUPM. He also holds the CMA and CIA certifications and has successfully completed the rigorous CPA examination requirements.

Nader has also received multiple coveted awards, including the Prince Mohammad bin Fahd Academic Excellence Award, the IMA’s Distinguished Performance Award and the IIA’s William S. Smith Certificate of Honor Award.

Code of Corporate Governance:
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Board Charter:
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Schedule of Matters Reserved for the Board: Download PDF
Audit Committee Charter:
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Executive Committee Charter: Download PDF
Investment Committee Charter: Download PDF
Nomination and Remuneration Committee Charter: Download PDF
Risk Management Committee Charter: Download PDF

To see a copy of the Bupa Arabia Share Prospectus, simply click the button below.

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