Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Company announced that its Extraordinary General Assembly Meeting (EGM) on Tuesday approved the company’s purchase of long-term incentive plan (LTIP) shares.
The company will buy shares worth SAR 15 million, with a maximum number of 210,000 shares, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday.
The allocation will be done within a maximum period of three months from the date of the meeting.
The decision comes in order to fulfil the current LTIP Cycle’s required shares purchase.
Source: Mubasher
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