Saudi Arabia: Bupa Arabia to be restructured to support integrated healthcare strategy
Source: Middle East Insurance Review | Feb 2026
The board of Bupa Arabia for Cooperative Insurance Co (Bupa Arabia), one of Saudi Arabia’s biggest insurers, has recommended a corporate restructuring consisting of a demerger into two companies.
In a filing on Saudi Exchange (Tadawul), Bupa Arabia said that the proposed spin-off would involve transferring all assets and liabilities related to the company’s insurance business to a new wholly owned subsidiary. The transfers would include insurance contracts with clients and the employment contracts of employees in specific departments.
Bupa Arabia said the demerger is subject to approval by shareholders at an extraordinary general assembly.
Bupa Arabia added that it had received a no-objection from the Insurance Authority, on 9 September 2025, for a proposed restructuring aimed at transforming the company into a holding company, which will continue to be listed.
The goal of the restructuring is in line with the company’s desire to achieve its ambition of becoming a leading national group in integrated healthcare and contributing to the broader healthcare objectives of the Kingdom. M