Bupa Arabia shareholders to vote on 2020 dividend, share buyback on June 24

Bupa Arabia for Cooperative Insurance Co.’s shareholders will vote on approving the board’s recommendation on paying a 34% cash dividend for 2020, amounting to SAR 408 million, during the extraordinary general meeting (EGM) to be held on June 24, 2021.

They will also vote on repurchasing a maximum of 326,000 shares at a total amount of SAR 21.24 million in one or several phases, to be allocated for the Employees Long Term Incentive Program (LTIP).

Shareholders will endorse the financial statements, audit and board reports for 2020, as well as delegate the authority to the board to pay interim dividends on a semi-annual or quarterly basis for 2021.

Moreover, they will vote on approving to discharge board members from liabilities for 2020 and appointing an external auditor to review financial statements for Q1, Q2, Q3 and 2021, and Q1 2022.

Furthermore, shareholders will vote on the various business and contracts concluded by company, as well as discuss paying SAR 3.82 million as remuneration to board members for 2020.

Shareholders will vote on the agenda items through Tadawulaty services as of June 20, 2021.