IssuerAnnouncementDetailsV2Portlet

Actions

BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE RESULTS OF THE SIXTH ORDINARY GENERAL MEETING ASSEMBLY (to be continue1)

8210
BUPA ARABIA
-2.53 %
1434/06/03     01/05/2016 10:02:12

Resolution (5): The Ratification of Business and Contracts where a board member has a direct or an indirect interest during the year 2012, as follows:

a)Al Majd Al Rraqi Company for Medical Care and Health Services Limited (providing services associated with Diaverum), is owned ninety-eight percent by the Nazer Group Limited and two percent by Eng. Loay Nazer. Al Majd Al Rraqi Company for Medical Care and Health Services Limited provided services at a cost estimated at SR150k for 2012, as well as continued services, and associated fees, during 2013,

b)Mr. Abdulhadi Shayif owns a 1% shareholding in the Shariah Review Bureau (SRB), a company providing Shariah Consulting Services to Bupa Arabia and to which payment of SR 150k was made during the 2012 year, as well as continued services, and associated fees, during 2013,

c)b)During the financial year 2012 the Company entered into an agreement with Trans Arabian Creative Communications (TRACCS) to perform some of the Public Relations activities of the Company. TRACCS is 45% owned by Nazer Group Holding and the Company confirms that proper bid processes have been followed. The expenses for handling the Public Relation matters, with TRACCs, related to the Company were a sum of SR 221k in 2012 (2011 SR177K). The 2011 TRACCs agreement and amount was approved during the 2011 General Assembly Meeting. The afore-mentioned in terms of Article 18 of the CMA corporate Governance. The Board members who had a direct interest did not vote. The external auditors report on the conflict of interests was presented during the assembly meeting.

(to be continue)

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Performance

BUPA ARABIA
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 239.2
Net Change -6.2 (-2.53%)
Value Traded (Sar) 46,769,901
Volume Traded 192,644
See The Company Profile

LoginPortletPopupv2

Actions

AddtoWatchlistv2

Actions

Add to watchlist