Bupa Arabia ranks 6th on Corporate Governance Index
Bupa Arabia for Cooperative Insurance has ranked sixth among 172 listed entities on the Corporate Governance Index (CGI). This is according to a report published by the College of Business at Alfaisal University. Bupa Arabia said in a statement that the “impressive ranking acknowledges its excellent global practices in corporate governance.”
The ranking was announced at the first Annual Corporate Governance Conference organized by the Corporate Governance Center at Alfaisal University’s College of Business. The event was attended by representatives from companies and government agencies and those interested in corporate governance from within Saudi Arabia and abroad.
Ali Hamdan, chief risk officer at Bupa Arabia, said: “We are extremely proud with the progress that Bupa Arabia has made in corporate governance, which greatly helps companies to improve corporate performance and gives investors a solid trust and a positive impression of wise leadership.”
He added: “This also brings to light the competency and the quality of work delivered toward sustainable development, as it works hand in hand with a transparent operating system constituting a key element under the principles of corporate governance. This rank is a great motivation for Bupa Arabia to continue moving on the path of excellence and strengthen relations with its investors, providing exclusive and special services to its members.”
The Corporate Governance Index at Alfaisal University aims to underline the necessity of implementing sound corporate governance practices in line with global standards and Saudi Vision 2030.
Corporate governance plays a paramount role in economic development, job creation, and growing and developing the Saudi market to attract more local and foreign investments. It is also considered a primary element used across markets to identify and evaluate investment opportunities, especially in emerging markets.