Bupa Arabia’s shareholders to vote on purchasing shares for incentives program on Nov. 12

Bupa Arabia for Cooperative Insurance Co.’s shareholders are set to vote on purchasing the company’s own shares during the extraordinary general assembly meeting that will be held on Nov. 12, 2019, the insurer said in a bourse statement.

During the meeting, shareholders will vote on the purchase of up to 210,000 shares for an amount of SAR 15 million to be allocated for employees’ incentives program (long-term incentives plan).

The allocation shall be done within three months from the extraordinary general assembly meeting’s date.

The transaction will be financed from the available cash and the company’s board will be delegated to complete the purchase within three months from shareholders’ approval and to execute all transactions related to the plan, the statement added.