Bupa Arabia: share capital increase

Bupa Arabia's Board of Directors has proposed a 25% increase in the company's share capital. The capital would go from 1.2 billion SAR (319.55 million USD) to 1.5 billion SAR (399.44 million USD).

The transaction will enable the Saudi insurer to boost its growth and support its business plans.

The capital increase is yet subject to the approval of the competent authorities and the extraordinary shareholders' meeting.