Bupa Arabia Company Profile and Geographic Presence

Bupa Arabia is a leading health insurance provider in the Middle East and North Africa region. Founded in 2004, the company has established itself as a trusted partner for individuals, families, and businesses seeking comprehensive health insurance solutions.

With its headquarters in Riyadh, Saudi Arabia, Bupa Arabia has a significant geographic presence across the region. The company has a strong network of hospitals, clinics, and medical facilities that cater to the diverse needs of its customers.

Bupa Arabia's extensive network includes over 1,000 hospitals and 2,000 clinics across Saudi Arabia, making it one of the largest health insurance providers in the country. This extensive network enables the company to provide its customers with seamless access to quality healthcare services.

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Bupa Arabia's annual revenue is a significant figure, and we can look at the company's sales by activity to get an idea of its overall revenue.

The company's sales by activity show that in 2023, the corporate segment generated 13.92 billion, while the SME & Others segment generated 1.97 billion.

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Non-major customers were a significant source of revenue in 2019, generating 3.22 billion, but this figure decreased in 2020 to 7.3 billion and then increased in 2022 to 4.22 billion.

Major customers also contributed significantly to the company's revenue, with 6.15 billion in 2019 and 8.62 billion in 2022.

Here's a breakdown of the company's revenue by segment in 2023:

It's worth noting that the company's revenue in 2023 was not available for all segments, but we can see that the corporate segment was the largest contributor.

Bupa Arabia has a dedicated team of professionals who work together to provide quality healthcare services. They have a strong management structure in place to ensure efficient operations.

The company has a diverse workforce with over 3,000 employees, providing a wide range of healthcare services to the community.

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Mr. David Fletcher is a highly experienced and accomplished individual with a strong background in insurance and banking. He has held various senior positions at Standard Chartered and Citibank, including Head of Audit and Country CEO.

Mr. Fletcher holds a BA Honors in Modern History from Durham University, UK, which he completed in 1985. His academic credentials are impressive, and it's clear that he has a solid foundation in his field.

As a Board Member at Bupa Arabia since 2014, Mr. Fletcher represents BIOL and has served his fourth term. His experience in the insurance industry is vast, and he has a deep understanding of the complexities involved.

Here's a list of some of the notable organizations and committees that Mr. Fletcher is a part of:

Mr. Fletcher's involvement in these organizations demonstrates his commitment to the insurance industry and his willingness to contribute to its growth and development.

The management team at Cooperative Insurance Company is a diverse and experienced group.

Tal Nazer has been the CEO since 2010. He's been in the role for over a decade, bringing a wealth of knowledge and expertise to the position.

The Director of Finance, Nader Ashoor, took on the role in 2016. His experience in finance has been invaluable to the company.

Mohamed El Massaoui has been the Chief Operating Officer since 2012. He's been instrumental in overseeing the company's operations and ensuring everything runs smoothly.

Nigel Sullivan has been the Human Resources Officer since 2017. His focus on HR has helped to create a positive and productive work environment.

Here's a list of the managers mentioned:

Bupa Arabia has a significant workforce, with a total of 2,164 people employed. This number gives an idea of the company's size and scope.

The company has a presence in several locations in Saudi Arabia, including Jeddah and Riyadh. In Jeddah, there are multiple offices with varying numbers of employees, ranging from 1 to 5.

Here's a breakdown of the number of employees in each location:

Overall, the company's workforce is spread across different locations, with varying numbers of employees in each office. This suggests a diverse and widespread presence in the region.

Bupa Arabia operates within several industries, including finance and insurance.

The company's NAICS codes provide a clear indication of its business scope.

The NAICS codes for Bupa Arabia are 52, 813, 81, 524, 8132, and 5241.

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Cooperative insurance is a type of insurance provided by companies like Bupa Arabia for Cooperative Insurance Company. This company is a major player in the industry.

Bupa Arabia for Cooperative Insurance Company offers various types of insurance, including corporate, SME, and individual plans. Their services cater to different customer segments.

The company's sales by activity show a significant increase in revenue over the years. Here's a breakdown of their sales:

The company's revenue from non-major customers decreased in 2023, while revenue from major customers is not available for 2023.

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The NAICS code is a six-digit code that identifies a specific industry or business. It's like a unique identifier that helps organizations and governments categorize and track businesses.

NAICS codes are used to classify businesses by the type of activity they engage in. For example, Bupa Arabia has multiple NAICS codes, including 52, 813, 81, 524, 8132, and 5241.

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NAICS codes are essential for businesses to comply with government regulations and access various benefits. They're also used for statistical purposes, such as tracking economic trends and analyzing industry performance.

The NAICS code for Bupa Arabia is [52, 813, 81, 524, 8132, 5241]. This code indicates that Bupa Arabia operates in various sectors, including finance and insurance, healthcare, and administrative services.

SIC Code is a system used to classify businesses by their primary activity.

The SIC code for Bupa Arabia is 641 and 64.

SIC codes are crucial for various purposes, including tax classification and industry research.

Bupa Arabia's SIC codes are [641, 64].

Bupa Arabia for Cooperative Insurance Company is a major player in the health insurance industry, with a market capitalization of $7.54 billion. This is a significant increase from last year, with a 50.80% growth in the company's value.

The company's performance is impressive, with a 0.15% average increase in its stock price over the past year. However, it's worth noting that this growth is not uniform across all companies in the industry.

Here's a breakdown of the performance of some of the top health insurance companies in the industry:

As you can see, Bupa Arabia's performance is not the only one that's worth noting. Some companies, like MEDIBANK PRIVATE LIMITED, have seen significant growth in their stock price, while others, like THE COMPANY FOR COOPERATIVE INSURANCE, have experienced a decline.

Bupa Arabia's leadership team has a strong focus on growth, with a clear strategy to expand its services and reach more customers in Saudi Arabia.

The company's vision is to be the leading healthcare provider in the region, and it's well on its way to achieving this goal.

Bupa Arabia has a strong presence in the country, with a network of hospitals, clinics, and medical centers that offer a wide range of healthcare services.

With a team of experienced healthcare professionals, Bupa Arabia is able to provide high-quality care to its patients.

The company's commitment to growth has led to the establishment of new hospitals and medical centers in strategic locations across Saudi Arabia.

This expansion has enabled Bupa Arabia to reach more customers and provide them with access to quality healthcare services.

Bupa Arabia's leadership team is dedicated to innovation and has implemented various initiatives to improve patient care and outcomes.

The company's focus on growth and innovation has earned it a reputation as a leader in the Saudi healthcare market.

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Bupa Arabia has been making waves in the healthcare industry with its innovative approach to medical services.

The company has been recognized for its commitment to quality and customer satisfaction, with a 90% customer satisfaction rate.

Bupa Arabia's focus on preventive care has led to a significant reduction in hospital admissions, with a 25% decrease in the past year.

The company's network of hospitals and clinics has grown to include over 100 locations across the Kingdom, making it easily accessible to patients.

Bupa Arabia's digital platform has been a game-changer, allowing patients to book appointments and access their medical records online.

The company's partnership with leading international healthcare providers has enabled it to offer a range of specialized services, including cancer treatment and cardiology.

Bupa Arabia's dedication to community development has led to the establishment of several health and wellness programs, including a free health check-up initiative.

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