Bupa Arabia for Cooperative Insurance Company (the Company) announces a change in the composition of its major founding shareholders on 23 July 2012G, corresponding to 4 Ramadan 1433H, as follows:
In the interest of enhancing the utilisation and returns on its capital Bupa Middle East Holdings W.L.L. (a shareholder in the Company which is owned 50% by Bupa Investments Overseas Limited and 50% by Nazer Group Holding Company Limited) has transferred its entire 22.5% shareholding in the Company, through a transfer of 11.25% to each of Bupa Investments Overseas Limited and Nazer Group Holding Company Limited and its wholly owned subsidiaries namely ASAS Healthcare Company Limited and Modern Computer Programs Company Limited (all of which are shareholders in the Company).
The receipt of the 11.25% shareholding, of the Company, by each of Bupa Investments Overseas Limited and the Nazer Group Holding Company Limited and its wholly owned subsidiaries, leaves the overall shareholding in the Company of each of Bupa Investments Overseas Limited and the Nazer Group Holding Company Limited unchanged at the same 26.25% each as was the position prior to the transfer of the Bupa Middle East Holdings W.L.L. shareholding.
The Companys major founding shareholder ownership composition changes, after the transfer of the Bupa Middle East Holdings W.L.L. shareholding, are as follows:
(To be continued)
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