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BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THAT THE BOARD OF DIRECTORS HAS RECOMMENDED AN INCREASE IN THE COMPANY'S CAPITAL THROUGH BONUS SHARES

Element ListExplanation
Introduction The Board of Directors of Bupa Arabia for Cooperative Insurance Company (Bupa Arabia) has recommended to the Extraordinary General Shareholders Assembly an increase in the capital of the Company by 25%. This increase will be done through issuing bonus shares by the utilization of SAR300 Million of the Company's existing retained income reserves by the issuing of 1 bonus share for every 4 shares held.
Date of Board Meeting 2022-06-12 Corresponding to 1443-11-13
Capital before increase SAR 1,200,000,000
Capital after increase SAR 1,500,000,000
Percentage of Capital increase 25 %
Number of shares before Capital increase 120000000
Number of shares after Capital increase 150000000
Reasons for the increase This increase reflects Bupa Arabia's desire to strengthen its capital base to be able to achieve further growth rates in the Company's business and to support its future growth plans in the coming years.
Number of Shares Granted per Exiting Share Granting 1 bonus share for every 4 shares held
Nature and Value of Reserves Used in the Capitalization The capital increase will be completed through the utilization of SAR300 Million of the Company’s existing retained income reserves.
Eligibility Date The eligibility for these Bonus shares will be limited to the shareholders owning shares at the end of the day of the Extraordinary General Assembly Meeting (EGM) of the Company (which will be announced later) and who are registered in the shareholder's register of the Company in the Securities Depository Center (Edaa) at the close of the second trading day after the date of the EGM meeting day that approves the increase of the capital.
Fractional Shares In the case of any bonus shares having fractions these will be collected into one investment portfolio and will then be sold at market price within thirty days from the completion date of the allocation of the new shares.
Approvals Bupa Arabia wishes to draw the attention of the shareholders to the fact that this proposed increase in capital will only be initiated once all necessary approvals are received from all the required authorities, as well as from the shareholders in the EGM.

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.

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