Bupa Arabia Launches IPO

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In a bid to raise capital for new services, Bupa Arabia, part of the UK's Bupa health insurance group has launched an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). As part of the offering, the company will be listed as a joint stock company and acquire Bupa's regional business, which was formerly known as Bupa Middle East (BME). BME was established in 1997 as a joint venture between Saudi Arabia's Nazer Group and