On August 7, 2018, Bupa Investment Overseas purchased an extra five percent stake (4 million shares) into Bupa Arabia from Nazer Group.
The deal, completed at valuation of SAR 100 per share, raised the acquirer’s stake to 39.25 percent from 34.25 percent.
|Deal Value||Method of Finance||Type||Status|
|106.70 Million USD||Capital Increase||Stake||Completed|
|BUPA Investments Overseas Co. Ltd. - BUPA Investments Overseas|
|*Market Cap (Million SAR)||-|
|Bupa Arabia for Cooperative Insurance - Bupa Arabia|
|*Market Cap (Million SAR)||12,312.00|
|Expected date for Completion||07-08-2018|
Post sale, Nazer Group’s stake into Buba Arabia decreased to 4% from 9%.