Bupa Arabia approves share purchase for employee incentive scheme

Shareholders of Bupa Arabia for Cooperative Insurance Company approved the purchase of up to 210,000 shares, worth SAR 15 million, at its extraordinary general meeting on November 12, as part of its long-term incentive plan for employees.

The allocation will be done within a maximum period of three months from the date of the meeting and the share purchase will be financed through cash, it said in a statement to Tadawul on Wednesday.

Separately, shareholders also approved the update on the audit committee charter and risk management committee charter, as well as ratification of medical insurance contracts.