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BUPA ARABIA FOR COOPERATIVE INSURANCE CO. ANNOUNCES RECEIVING THE FINAL APPROVAL FROM SAMA FOR A NEW INSURANCE PRODUCT

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Introduction Bupa Arabia for Cooperative Insurance Company announces that it has received the final approval from the Saudi Central Bank “SAMA” to sell its new insurance product “Bupa Policy Benefit Upgrade” in the Kingdom of Saudi Arabia.
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Date of Receiving the Approval 2022-08-04 Corresponding to 1444-01-06
Letter Date 2022-08-04 Corresponding to 1444-01-06
Approved Product\ Products Bupa Policy Benefit Upgrade
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Additional Information The new product "Bupa Policy Benefit Upgrade" is designed for Bupa Arabia members who would like to enjoy better benefits and increase specific sub-limits in their current cover.

This new product is expected to have a positive impact on Bupa Arabia's 2022 financial results.

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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