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BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE PURCHASE OF ITS OWN SHARES FOR ITS EMPLOYEE INCENTIVE SCHEME

BUPA ARABIA 8210 -2.35% 208.00 -5.00

Bupa Arabia for Cooperative Insurance announces that, further to the announcement published on Tadawul's website on Tuesday 13 Shaban 1438H, corresponding to 9 May 2017G, in line with the approval of the Eleventh General Assembly Meeting, held on Monday 12 Shaban 1438H, corresponding to 8 May 2017G, it has, on Monday 3 Ramadan 1438H, corresponding 29 May 2017G, completed the purchase of its own shares for its employee incentive scheme as follows:

1. Total cash amount used for the incentive shares purchase: SAR 11,058.62 thousands
2. Average purchase price per share: SAR 114.61 per share
3. Number of shares purchased: 96,491 shares

These 96,491 new employee incentive shares are for the financials for the three year financial performance cycle of 2017-2019, which starts 1 January 2017 and ends 28 February 2020.

As a result of the above new shares purchase, for its employee incentive scheme, Bupa Arabia currently holds 247,381 shares for its employee incentive scheme.

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