Bupa Arabia intends to purchase 1.4 million shares to allocate them to the employee incentive stock program.

BUPA ARABIA -1.33%

BUPA ARABIA

8210.SA

170.20

-1.33%

Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance announced that its board of directors has recommended purchasing up to 1.4 million of its shares, to be allocated to the long-term employee incentive share program for the periods from 2025 to 2029 .

Bupa Arabia clarified in a statement on the Saudi Stock Exchange (Tadawul) today, Sunday, that the purchase of shares will be financed from the company's own resources, noting that the company's current treasury shares represent 0.43% of the total category of shares subject to purchase. The purchased shares will not have voting rights in the company's general assemblies .

Bupa Arabia noted that the resolution will be voted on by the Extraordinary General Assembly, which will be announced later, in accordance with the requirements of Paragraph 4 of Article 17 of the Executive Regulations of the Companies Law for Listed Joint Stock Companies, and after the company meets the financial solvency requirements stipulated in Paragraph 3 of Article 17 of the Executive Regulations of the Companies Law for Listed Joint Stock Companies .

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