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Bupa Arabia’s 2023 Annual Report adheres to integrated reporting principles and mirrors the Company’s commitment to transparency. Aligned with the Company’s tradition of publishing its Financial Statements and Board Report, the purpose of this annual report is to convey Bupa Arabia’s strategy, governance, and performance over the period in review, to its stakeholders.
Report Boundary and Reporting Period
The report encompasses Bupa Arabia’s operations during the period from 1 January 2023 to 31 December 2023. The Annual Report is accessible in both English and Arabic, ensuring wider stakeholder engagement.
Compliance
In adherence to the standards, rules, and regulations set forth by the Saudi Central Bank (SAMA), the Ministry of Commerce (MC), the Capital Market Authority (CMA), and other regulatory agencies, this report ensures compliance with all applicable standards.
Financial Statements
The Financial Statements for the fiscal year ended 31 December 2023 have been prepared in compliance with the International Financial Reporting Standards (IFRSs) endorsed within the Kingdom of Saudi Arabia, along with adherence to additional standards and pronouncements issued by the Saudi Organization for Chartered and Professional Accountants (SOCPA) (collectively termed as “IFRS endorsed in the Kingdom of Saudi Arabia”).