Bupa Arabia gets SAMA approval to set up venture capital firm

04/10/2021 Argaam

Logo of Bupa Arabia for Cooperative Insurance Co.

Bupa Arabia for Cooperative Insurance Co. received the no objection from the Saudi Central Bank (SAMA) to establish Bupa Arabia Ventures, according to a bourse filing.

 

The new firm will be a one-person limited liability company wholly-owned by Bupa Arabia.

 

The new company will aim to participate and invest in enabling and activating investments in health and insurance technology sectors to benefit from the digital transformation supported by Vision 2030 and the Saudi Financial Sector Development Program.

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