Bupa Arabia was formed in 1997 through a joint venture between Bupa and the Nazer Group. Its client base includes SABIC, PIF, ROSHN and Saudi Central Bank, alongside other governmental entities and companies. As of December 2025, Bupa Arabia reported $4.6 billion in total assets and $5.1 billion in insurance revenue. Bupa Investments Overseas Limited held a 43.25% stake as of February 2026.