Bupa, the international health insurer and provider, today announced it has completed the further increase of its stake in Bupa Arabia by 4% to 43.25% by acquiring a portion of Nazer Group’s stake in the company.
Regulatory approvals have been granted by the relevant Kingdom of Saudi Arabia (KSA) authorities.
The KSA is a market with rising customer demand for high quality healthcare funded by private health insurance, and Bupa has incrementally increased its shareholding of this successful business over recent years. The increase in Bupa’s shareholding is in line with Bupa’s strategy of investing to strengthen its existing market positions to deliver sustainable growth.
Bupa announced its intention to increase its stake in Bupa Arabia in June 2020.