Bupa Arabia: Rise in profit for the first semester 2019

According to a report published by the Tadawul stock exchange on August 6th, 2019 the Saudi leader health insurance Bupa Arabia has recorded a 64% increase in net profit before zakat (taxes).

The half-yearly profit that reached 310.2 million SAR (84.4 million USD) goes back to an 18.5% decline in provision for doubtful receivables in addition to a 37% increase in the financial products as well as a 23.2% rise in the underwriting results.

The report also showed that the rise in profit was hindered by a 13.2% increase in the operating expenses Bupa investments Overseas Limited, the UK-headquartered health insurer, owns 39.25% of the Saudi company.

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