In 1997, Bupa Arabia was launched through a joint venture between Bupa and the Nazer Group. As of December 2024, the company had a customer base of 3.7 million people. It secured a one-year $80.5 million contract with the Saudi National Bank. Bupa Arabia’s net profit grew by 24% in 2024 to $311 million. As of May 2025, Bupa Investments Overseas Limited held 43.25% of the company, while Nazer Group owned a 5% stake.