Bupa Arabia was established as a joint venture between the British United Provident Association Limited, which owns 43.3% of the company shares, and the Saudi Nazer Group, which holds 9%. In 2008, the company went public on the Saudi Stock Exchange by offering 40% of its shares. It provides healthcare services and health insurance products to individuals, government institutions, and SMEs in Saudi Arabia. Its net premiums earned in 2021 stood at $2.8 billion.