Saudi Arabia: Bupa Arabia to hold EGM on 5 March for vote on demerger
Source: Middle East Insurance Review | Mar 2026
The board of directors of Bupa Arabia for Cooperative Insurance Company (Bupa Arabia or the Company), one of Saudi Arabia’s biggest insurers, has announced that an Extraordinary General Meeting is to be held on 5 March 2026, relating to the restructuring of the company into two entities.
At the EGM, the Company seeks the approval of shareholders to convert it into a holding company. It will also create a new company (referred to as the ‘Demerged Company’) through distributing all assets and liabilities related to the Company’s insurance activities, including insurance contracts with customers, employee contracts in designated departments, and Bupa Arabia for Third Party Administration (Bupa TPA), to the Demerged Company resulting from the demerger, while retaining any other business activities within the Company.
Shareholders will also be asked to approve a change of the name of the Company to “Bupa Arabia Holding Company” and to assign the commercial name “Bupa Arabia for Cooperative Insurance Company” to the Demerged Company.
The Demerged Company shall be the successor to the Company.
In a circular to shareholders, Bupa Arabia said the following are the key strategic and operational benefits of the demerger:
- Enable the next phase of growth and diversification through an integrated healthcare business model
- Unlock strategic agility and operational efficiency
- Align Bupa Arabia with international best practices M