Bupa Arabia
Saudi health insurer listed on Tadawul (8210), founded as a joint venture between Bupa and the Nazer Group; Bupa Investments Overseas held 43.25% in February 2026.
Industry: Health insurance | Location: Jeddah, Saudi Arabia | Founded: 1997
About Bupa Arabia
Bupa Arabia for Cooperative Insurance Company is a Saudi health insurer listed on the Saudi Exchange under the stock code 8210. It sells health insurance to individuals and companies in Saudi Arabia, and Wikipedia places its headquarters in Jeddah. Forbes Middle East names SABIC, the Public Investment Fund, ROSHN and the Saudi Central Bank among its clients.
Forbes Middle East dates the company to 1997, as a joint venture between Bupa and the Nazer Group. Its investor relations page says the legal entity was incorporated on 11 May 2008 and listed on Tadawul on 17 May 2008, with 40% of shares offered to the public at SAR 10 each and the offering oversubscribed 9.2 times. Authorised and paid-up capital is SAR 1.5 billion in 150 million shares. As of February 2026, Bupa Investments Overseas Limited held 43.25%, according to Forbes Middle East. The same publication says Bupa raised its holding to 43.2% in August 2020 by buying a 4% stake from the Nazer Group for US$134 million.
Tal Hisham Nazer is chief executive officer and managing director; he has been with the company since 2008, and he is vice chairman of Nazer Group. Loay Hisham Nazer is non-executive chairman and David Fletcher is non-executive vice-chairman. Hatim Jamal is chief financial officer. The company named two independent directors in July 2025, and Amira Youssef joined as chief digital transformation officer in June 2025.
Its 2024 annual report presents Bupa CareConnect, a digital clinic offering private doctor consultations, online support and home-based services.
MEIR reported on 1 February 2026 that net profit after zakat attributable to shareholders was SAR 1.08 billion for 2025, down 7.45% from SAR 1.17 billion. Forbes Middle East gives December 2025 insurance revenue of US$5.1 billion and total assets of US$4.6 billion.
TechScoop reported on 5 August 2026 that first-half 2026 net profit was about SAR 694 million, with first-quarter insurance revenue of about SAR 5.24 billion, up 18.84%. Bupa attributed a 6.9% fall in the first-quarter insurance service result to inflationary pressures.
Leadership
- Tal Hisham Nazer, Chief Executive Officer and Managing Director
- Loay Hisham Nazer, Non-Executive Chairman
- David Fletcher, Non-Executive Vice-Chairman
- Hatim Jamal, Chief Financial Officer
- Ali Sheneamer, Chief Business Development Officer
- Atef Mufti, Chief Growth Officer
- Ryyan Tarabzoni, Chief Operations Officer
- Ahmed Bajunaid, Chief Investment Officer