Bupa Arabia completes share buyback for ESIP

01/09/2024 Argaam

Logo of Bupa Arabia for Cooperative Insurance Co.


Bupa Arabia for Cooperative Insurance Co. completed the targeted share buyback process allocated for its employee stock incentive program (ESIP), based on the approval of the extraordinary general meeting (EGM) held on June 30, 2024.

 

In a statement to Tadawul, the company said that the buyback period spanned 12 months from the EGM’s approval date.

 

 

According to available data on Argaam, Bupa Arabia’s shareholders approved the buyback of up to 860,000 shares for ESPI. The repurchase will be financed by Bupa Arabia’s own resources.

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