Latest news with #BupaArabia
Zawya
06-08-2025
- Business
- Zawya
Egypt: Bupa Arabia's profits fall to $13.8mln in H1-25; revenues up 2%
Bupa Arabia for Cooperative Insurance Company delivered 12.76% lower net profits after Zakat attributable to shareholders at SAR 666.48 million in the first half (H1) of 2025, compared to SAR 764.02 million in H1-24. Insurance revenues increased by 2.11% year-on-year (YoY) to SAR 9.12 billion in the first six months (6M) of 2025 from SAR 8.93 billion, according to the interim financial results. Earnings per share (EPS) stood at SAR 4.46 in H1-25, an annual decline from SAR 5.10. Results for Q2 In the second quarter (Q2) of 2025, the net profits of Bupa Arabia shrank by 29.25% to SAR 286.25 million from SAR 404.60 million in Q2-24. Meanwhile, the insurance revenues hit SAR 4.71 billion in Q2-25, reflecting a YoY increase of 3.36% from SAR 4.56 billion. Quarter-on-quarter (QoQ), the Q2-25 net profits fell by 24.71% compared to SAR 380.23 million in January-March 2025, while the insurance revenues climbed by 6.93% from SAR 4.40 billion. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Argaam
06-08-2025
- Business
- Argaam
Bupa Arabia obtains final IA approval on product
Bupa Arabia for Cooperative Insurance Co. received, on Aug. 5, the final approval from the Insurance Authority (IA) to market and sell its new insurance product for domestic helpers in Saudi Arabia. The non-compulsory 'Bupa Helper' product was approved under the registration number 'P-BUPA-2-I-25-014', the insurer said in a Tadawul statement.
Arab News
31-07-2025
- Business
- Arab News
Closing Bell: Saudi stock market ends the week in green
RIYADH: Saudi Arabia's Tadawul All Share Index ended the week on Thursday with a slight gain, rising 5.89 points, or 0.05 percent, to close at 10,920.27. The total trading turnover reached SR4.38 billion ($1.16 billion), with 417.32 million shares traded. A total of 111 stocks advanced while 136 declined. The MSCI Tadawul 30 Index also edged higher, adding 2.66 points, or 0.19 percent, to finish at 1,409.74. On the Kingdom's parallel market Nomu, the index advanced by 115.90 points, or 0.43 percent, closing at 26,924.98. Of the listed companies, 47 gained while 31 declined. Sport Clubs Co. led the gainers, climbing 9.97 percent to SR11.25. They were followed by Al Babtain Power and Telecommunication Co., which rose 5.03 percent to SR56.40, and Bupa Arabia for Cooperative Insurance Co., which added 4.27 percent to close at SR168.60. Miahona Co. and Saudi Azm for Communication and Information Technology Co. were also among the top performers, gaining 4.23 percent and 3.85 percent, to close at SR27.10 and SR29.66, respectively. Saudi Steel Pipe Co. recorded the steepest decline of the session, falling 4.02 percent to SR51.30. It was followed by Yamama Cement Co., which dropped 3.8 percent to SR32.88, and Halwani Bros. Co., down 3.19 percent to SR42.42. Arab Insurance Cooperative Co. and Astra Industrial Group also posted losses of 2.92 percent and 2.57 percent, respectively. On the announcement front, Umm Al-Qura Cement Co. reported a 6.6 percent year-on-year decline in revenue for the first half of 2025, with sales amounting to SR122.5 million compared to SR131.2 million in the same period last year. Net profit also dropped, falling 30.8 percent to SR20.8 million from SR30.1 million over the same period. The company attributed the decline in revenue to a decrease in the average selling price per tonne. The fall in net profit was linked to the lower sales value and a reduction in other revenues, despite a decline in general and administrative expenses, financing costs, and zakat. Shares of Umm Al-Qura Cement Co. closed at SR15.61 on Thursday, down 0.32 percent. Almarai Co. confirmed the completion of its acquisition of Pure Beverages Industry Co., following its initial agreement signed on June 15. The company stated that the transaction reinforces its strategy to expand its beverage portfolio and strengthen its market presence, while supporting future growth plans. Almarai added that the acquisition was finalized with no change to the previously disclosed cost of SR1.04 billion. Shares of Almarai Co. closed at SR47.90 on Thursday, down 0.04 percent.
Arab News
23-06-2025
- Health
- Arab News
Bupa CareConnect serves guests of God in Mina
Bupa CareConnect, the healthcare arm of Bupa Arabia, launched its first-ever field-based clinics in Mina during this year's Hajj. The 'Bupa Clinics' initiative marked a landmark expansion of Bupa Arabia's services beyond corporate campuses, bringing integrated, tech-enabled medical care directly to pilgrims during one of the most spiritually significant gatherings in the world. As part of its social responsibility strategy, Bupa Clinics was launched in coordination with Urgent Care Centers under the supervision of the Ministry of Health. The clinics provided primary healthcare services to all pilgrims — both Bupa members and non-members. Strategically positioned near essential amenities such as Al-Dawaa Pharmacy, the clinics ensured accessible, responsive care to support the well-being of pilgrims within the sacred sites. Operating 24/7 throughout the Hajj season, the clinics recorded a total of 1,368 medical interactions. Male pilgrims represented 75 percent of the cases, while female patients accounted for 25 percent. The facility was staffed by a dedicated medical team of six doctors and three nurses, working in rotational shifts. Health services ranged from vital signs monitoring and management of heat exhaustion, to chronic illness care and emergency triage. Notably, 20 patients were transferred to the Armed Forces Hospital in Mina for advanced treatment, while one critical case required urgent lifesaving intervention, underscoring the preparedness and responsiveness of the team. Pilgrims sought care for a wide spectrum of conditions, including headaches, fatigue, skin infections, joint pain, conjunctivitis, gastrointestinal discomfort, heatstroke, and minor injuries. Bupa Arabia CEO Tal Nazer said: 'We are honored to bring Bupa Clinics to Hajj for the first time, offering advanced, people-centric care to the guests of Allah, both members and non-members regardless of their insurance status. This reflects our mission to expand access to quality healthcare and deliver services where they're most needed, through an integrated model driven by innovation and compassion.' Dr. Abdullah Khafagy, executive medical director at Bupa CareConnect, added: 'Hajj is a spiritual journey that presents unique medical challenges, and the Bupa Clinics allowed us to respond proactively, providing early screenings, preventive care, and timely interventions in the heart of Mina. This initiative is a testament to our healthcare philosophy, proactive, accessible, and centered on human dignity.' The Bupa Clinics initiative aligns with the Kingdom's Vision 2030 goals to enhance the quality of life and boost the private sector's role in public health.
Mid East Info
17-06-2025
- Health
- Mid East Info
Bupa CareConnect is presenting an advanced healthcare model for the Hajj Season 2025 - Middle East Business News and Information
As part of its commitment to social responsibility through 'Bupa Clinics' Makkah: In a significant step toward redefining healthcare delivery during Hajj, Bupa CareConnect, the healthcare arm of Bupa Arabia, launched its first ever field based 'Bupa Clinics' in Mina from June 4 to 9. This initiative marked a landmark expansion of Bupa Arabia's services beyond corporate campuses, bringing integrated, tech-enabled medical care directly to pilgrims during one of the most spiritually significant gatherings in the world. Field-Based Care: As part of its social responsibility strategy, the 'Bupa Clinics' initiative was launched in coordination with Urgent Care Centers under the supervision of the Ministry of Health. The initiative aimed to provide primary healthcare services to all pilgrims — both Bupa members and non-members, the Mina based clinics offered comprehensive primary healthcare services around the clock. Strategically positioned near essential amenities such as Al-Dawaa Pharmacy, the clinics ensured accessible, responsive care to support the wellbeing of pilgrims within the sacred sites. 1,368 Medical Cases Handled with Round-the-Clock Expertise: Operating 24/7 throughout the Hajj season, the clinics recorded a total of 1,368 medical interactions. Male pilgrims represented 75% of the cases, while female patients accounted for 25%. The facility was staffed by a dedicated medical team of six doctors and three nurses, working in rotational shifts to guarantee continuous readiness and rapid response. Health services ranged from vital signs monitoring and management of heat exhaustion, to chronic illness care and emergency triage. Notably, 20 patients were transferred to the Armed Forces Hospital in Mina for advanced treatment, while one critical case required urgent life-saving intervention, underscoring the preparedness and responsiveness of the team. Pilgrims sought care for a wide spectrum of conditions, including headaches, fatigue, skin infections, joint pain, conjunctivitis, gastrointestinal discomfort, heatstroke, and minor injuries. The clinics prioritized culturally sensitive and timely care, with special attention to the elderly and individuals with chronic conditions. Technology at the Core of Care Delivery: The clinics were equipped with advanced medical tools such as ECG machines, digital blood pressure monitors, and glucose meters. All systems were seamlessly connected to Bupa Arabia's unified digital health platform, enhancing the accuracy of diagnoses, improving case documentation, and streamlining patient referrals. Beyond physical health, mental health support and health education were key components of the initiative. The clinics adopted a holistic approach to healthcare, blending digital innovation with compassionate service to deliver a full-spectrum care experience on the ground. A Strategic Expansion Beyond Corporate Boundaries: This deployment marked the first time that Bupa Clinics operated outside their regular corporate client locations, previously limited to key sites such as SABIC, Savola, the King Abdullah Financial District (KAFD), and the National Housing Company. With their presence in Mina, Bupa CareConnect extended its reach to Saudi Arabia's largest annual gathering, affirming its commitment to inclusive and scalable healthcare solutions. Leadership Perspectives on the Milestone Initiative: Commenting on the initiative, Bupa Arabia CEO Tal Nazer said: 'We are honored to bring Bupa Clinics to Hajj for the first time, offering advanced, people-centric care to the Guests of Allah, both members and non-members regardless of insurance status. This reflects our mission to expand access to quality healthcare and deliver services where they're most needed, through an integrated model driven by innovation and compassion.' Proactive care: Dr. Abdullah Khafagy, Executive Medical Director at Bupa CareConnect, added: 'Hajj is a spiritual journey that presents unique medical challenges, and the Bupa Clinics allowed us to respond proactively, providing early screenings, preventive care, and timely interventions in the heart of Mina. This initiative is a testament to our healthcare philosophy, proactive, accessible, and centered on human dignity.' Supporting Vision 2030 Through Integrated, Impact-Driven Care: The Bupa Clinics initiative aligns with the Kingdom's Vision 2030 goals to enhance the quality of life and boost the private sector's role in public health. The project stands as a model of integrated, preventive, and curative care tailored for large-scale public gatherings. It also reinforces Bupa Arabia's commitment to corporate social responsibility through its Integrated Care Program, an approach that places individuals at the center of the healthcare journey, emphasizing awareness, early detection, and continuity of care. Pioneering Digital Transformation in Healthcare: Bupa Arabia continues to lead the way in healthcare innovation across the Kingdom. The company has introduced mobile digital clinics to expand access to remote areas and launched the 'Bupa App,' which allows users to manage their full health journey, from booking appointments and virtual consultations to continuous monitoring and follow-up care. In a groundbreaking move, Bupa Arabia also launched 'without approvals' the first health insurance program in Saudi Arabia to eliminate pre-approval requirements. Powered by AI, Bupa Pro enhances the efficiency of claims processing and improves the overall patient experience by removing bureaucratic hurdles. Through this pioneering initiative in Mina, Bupa Arabia has once again demonstrated its role as a leader in health innovation, delivering on its mission to provide inclusive, technology-driven, and compassionate care to all segments of society, especially during moments of profound spiritual importance like Hajj. About Bupa Arabia for Cooperative Insurance: Founded in 1997 as a partnership between Bupa Global and Nazer Group, Bupa Arabia became a publicly listed company in 2008 through one of the most successful IPOs in the insurance sector. As a Saudi company and part of the global Bupa network, Bupa Arabia delivers world-class healthcare services to individuals, families, and major corporations across the Kingdom. The company boasts the largest international hospital network, with access to 1.2 million healthcare providers in 190 countries worldwide. Bupa Arabia goes beyond traditional health insurance by establishing Bupa Integrated Care, a healthcare services company leveraging advanced technologies such as the Bupa Digital Clinic and recruiting top Saudi doctors across family medicine, internal medicine, obstetrics & gynecology, and chronic disease management. Bupa Arabia is recognized for its dynamic and innovative work environment, winning numerous awards in this field. It is also a leader in empowering women, attracting young Saudi talent, and has successfully achieved significant increases in nationalization rates—currently at over 70%.
