Riyadh – Mubasher: The board of directors of Bupa Arabia for Cooperative Insurance recommended a cash dividend of SAR 2 per share, representing 20% of capital and totalling SAR 160 million for FY15.
More information about the date of distribution and the entitlement to the dividends will be posted later, the company said in a statement to the Saudi Stock Exchange (Tadawul).
Bupa reported a net profit of SAR 645 million in 2015, a surge of 114% from SAR 301.3 million in 2014.
The insurance firm hiked its capital by 100% last year, bringing it capital to SAR 800 million and its share total to 80 million shares.
Bupa’s stock reached SAR 135 during Monday’s trades, up 4.29% from its Sunday closing price.
