Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Company has received no-objection from the Saudi Central Bank (SAMA) to set up Bupa Arabia Ventures, a one-person limited liability company.
Bupa Arabia Ventures, which is wholly owned by Bupa Arabia, aims to enable the HealthTech and InsurTech sectors to benefit from the digital transformation, according to a bourse filing on Monday.
This establishment is in line with Vision 2030 and the Saudi Financial Sector Development Programme.
It is noteworthy to mention that during the first half (H1) of 2021, Bupa Arabia achieved net profits before Zakat of SAR 509.02 million, down 10.5% from SAR 568.71 million in H1-20.
