Bupa Arabia for Cooperative Insurance (Bupa Arabia) on May 29 purchased 96,491 of its own shares for the employees’ incentives program at an average price of SAR 114.61 per share for the total of around SAR 11 million, the insurer said in a statement to Tadawul on Tuesday.
The incentive share purchase will cover a three-year financial performance cycle for the employees, which runs from Jan. 1, 2017 to Feb. 28, 2020.
As a result, Bupa Arabia currently holds the total of 247,381 shares for its employee incentive scheme.
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