Bupa Arabia for Cooperative Insurance (Bupa Arabia) said Bupa Investment Overseas Limited plans to buy a further five percent stake in Bupa Arabia from Nazer Group at SAR 100 a share, totaling SAR 400 million.
The purchase will raise the holding group's ownership into Bupa Arabia to 39.25 percent.
Nazer Group will remain a shareholder in Bupa Arabia. The deal is pending regulatory approval.
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