Bupa Arabia for Cooperative Insurance Co. re-classified the investment of the major foreign shareholder, Bupa Investments Overseas Ltd. (BIOL), to that of a Foreign Strategic Investor on Tadawul, it said in a bourse statement.
According to data compiled by Argaam, in August 2018, BIOL completed the purchase of an additional 5% stake in Bupa Arabia from Nazer Group for an agreed price of SAR 100 per share, totaling SAR 400 million.
The purchase raised the holding group's ownership in Bupa Arabia to 39.25%.
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