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Bupa Arabia remains committed to a robust corporate governance structure, which will facilitate prudent management to deliver long-term success to the Company.
Our Board Members
The Company has nine members on its Board. The current three-year term for the Board commenced on 1 July 2022. As of 31 December 2023, the Board of Directors consists of:
Eng. Loay Hisham Nazer
Non-Executive Member (Chairman)
Chairman and Board Member of Bupa Arabia since its inception in 2008. He is also the Founder and Chairman of Nazer Group Ltd., and serves as a Board Member or Chairman for several other Nazer companies. Additionally, he has also served as the Chairman of Al-Ittihad Football Club, the Vice-Chairman of the Saudi Olympic Committee, the Chairman of the Saudi Arabian Judo Federation, and a CHI Board Member in the past.
Eng. Loay is not a Board Member in other Saudi PLCs. He is currently serving his sixth term as a Board Member at Bupa Arabia, representing Nazer Group Company Ltd.
Current positions
Chairman
- Bupa Arabia Board and Executive Committee
- Nazer Group Company Ltd.
- Nazer Bupa for Medical Equipment Company (NBME)
- Loay Hisham Nazer Company Ltd. (Chairman)
- Arabian Address Real Estate Co.
- Modern Computers Program Company Ltd.
- ASAS Healthcare Co. (Under liquidation).
- Arabian Medical Marketing Company (Nawah)
Other positions
- Bupa Middle East Holdings Two W.L.L. (Board Member)
- UCLA Anderson School of Management Board of Advisors (Board Member)
Previous positions
- Makkah Cluster Advisory Board – Ministry of Health (Chairman)
- Diaverum Arabia Company (Board Member)
- Nazer Dialysis and Advanced Healthcare Services Co. Ltd. (Chairman)
- Al-Ittihad Football Club (Chairman)
- National Unified Procurement Co. for medical supplies (NUPCO)
- Saudi Olympic Committee (Vice-Chairman)
- Saudi Arabian Judo Federation (Chairman)
- CHI (Board Member)
- International Medical Clinics Company (Partner)
- Arab Conference Organizing Co. (Chairman)
- Young Presidents Organization (Chairman)
Qualifications
- MBA, Anderson Graduate School of Management, UCLA, USA (1989)
- BSc Mechanical Engineering, UCLA, USA (1987)
Mr. David Fletcher
Non-Executive Member (Vice-Chairman)
Representing the foreign shareholder: Bupa Investments Overseas Limited (BIOL)
Bupa Arabia Board Member and Vice-Chairman, since 2014. Currently, the Chief Risk Officer of the Bupa Group and a member of its Chief Executive Committee. He is also a Non-Executive Director of Niva Bupa (previously known as Max Bupa), which is Bupa’s health insurance business in India. Mr. Fletcher has extensive international experience in insurance and banking, having held various senior positions at Standard Chartered and Citibank, including the roles of Head of Audit, and Country CEO.
Mr. Fletcher is serving his fourth term as a Board Member at Bupa Arabia, representing BIOL.
Current positions
- Bupa Arabia (Board Member and Executive Committee Member)
- Bupa Group (Chief Risk Officer)
- Bupa Group (Chief Executive Committee Member)
- Bupa Middle East Holdings Two W.L.L. (Non-Executive Director)
- Niva Bupa Health Insurance Company Ltd. (Non-Executive Director)
- China Taiping Insurance UK (Independent Non-Executive Director)
- Tawreed Company for Financing Solutions (Independent Non-Executive Director).
Previous positions
- BUPA International Development Markets (CEO)
- Bupa Group (Chief Internal Auditor)
- Bank Permata Indonesia (Ex-President Director/CEO)
Qualifications
- BA Honors in Modern History, Durham University, UK (1985)
Mr. Tal Hisham Nazer
Executive Member – Managing Director and Chief Executive Officer
Bupa Arabia CEO/Board Member since its inception in 2008.
Mr. Tal is not a Board Member at other Saudi PLCs. He is currently serving his sixth term as a Board Member at Bupa Arabia.
Current positions
Board member
- Bupa Arabia
- King Saud University
- Najm for Insurance Services Company
- Nazer Group Company Ltd.
- Cool Inc. Hospitality Co. for Tourism
- Ebda Co. ownership (25%)
- Modern Computer Program Co. Ltd. (MCPC)
- Arabian Medical Marketing Company (NAWAH)
- Quick Solutions for Trading Company (Under liquidation)
- ASAS Health Care Co. Ltd. (Under liquidation)
- Bupa Middle East Holdings Two W.L.L. (Bahrain)
- Endeavor Saudi Arabia
- Arabian Address Real Estate Company
- Council of Health Insurance
Other positions
- Bupa Arabia Executive Committee and Investment Committee Member
- Najm for Insurance Services Company (Chairman of the Executive Committee)
- King Saud University (Internal Audit Committee Member)
- CHI’s (Executive Committee and Strategic Committee Member)
- SAMA’s Insurance Executive Committee (Member)
- Ministry of Health’s Cybersecurity Committee (Member)
- Tal Hisham Nazer Company Limited (Owner and General Manager)
- Liyana Holding Company (Partner and General Manager)
- Young President Organization (Member)
- Young Global Leaders (Member)
- Saudi British Joint Business Council (Member)
Previous positions
Board member
- SAMA Insurance Companies General Committee
- Human Resources Development Fund (HRDF)
- Choate Rosemary Hall, New York, USA
- Nazer Dialysis and Advanced Healthcare Services Co. Ltd.
- Arab Conference Organizing Co. (ARC)
- Nazer Bupa for Medical Equipment Company (NBME)
- Financial Academy
- Chief Executive Committee of Bupa Group (Advisor)
Qualifications
- MBA Finance and Buyouts, Wharton, USA (2001)
- Bachelor of Economics, UCLA, USA (1996)
Dr. Abdulla Elyas
Independent Member
Independent Board Member at Bupa Arabia since July 2019.
Dr. Abdulla Elyas is a co-founder of Careem, the ride-hailing company, and Super App, acquired by Uber in 2019. He is currently the Chairman of its business in KSA. Prior to that, he co-founded Enwani, a cloud-based addressing and home delivery start-up that was acquired by Careem in 2014. He serves as a Board Member at Endeavor KSA, TAM Development Company, and the EduTech start-up Noon. Additionally, he is also an advisory Board Member of the VC firm Raed Ventures.
Abdulla chairs the governmental initiative to enable five Saudi unicorns by 2025 and is a regional angel investor. Previously, he led management consulting engagements in Europe, the US, South East Asia, and the Middle East.
Dr. Abdulla is not a Board Member at other Saudi PLCs. He is currently serving his second term as a Board Member in Bupa Arabia.
Current positions
- Bupa Arabia (Board Member, Audit Committee Member, and Risk Management Committee Member)
- Careem Inc. (Co-Founder and KSA-Chairman)
- Tam Development Company (Board Member)
- Endeavor KSA (Board Member)
- Raed Venture Capital (Board of Advisors Member)
- Noon Academy Inc. (Board Member)
Previous positions
- Small and Medium Enterprise Authority KSA (Board of Directors)
- PIF (Investment Committee)
- Rocket Internet SE (Agent KSA)
- Enwani (Co-Founder and Managing Director)
- Scheer Management Consulting (Senior Management Consultant)
Qualifications
- PhD in Business Administration from RWTH Aachen, Germany
- MSc in Computer Science, from RWTH Aachen, Germany
Ms. Huda Bin Ghoson
Independent Member
Bupa Arabia Independent Board Member since July 2019.
Ms. Huda was the Executive Director of Human Resources at Saudi Aramco. She retired in December 2017.
Ms. Huda is currently serving her second term as a Board Member at Bupa Arabia.
Current positions
- Bupa Arabia (Board Member and Nomination and Remuneration Committee Chairwoman)
- Saudi National Bank (SNB) (Board Member and NRC Member)
- Saudi Telecom Company (STC) (NRC Member)
- The Hevolution Foundation (NRC Member)
- Initiatives & Missions Office (NRC Member)
Previous positions
- Saudi Aramco (Executive Director)
- General Organization for Social Insurance (GOSI) (Board Member)
- Yanbu Aramco Sinopec Refining Company (YASREF) (Board Member)
- Johns Hopkins Aramco Healthcare Company (JHAH) (Board Member)
- Vela International Marine Ltd. (Board Member)
- Saudi Aramco Asia Company (SAAC) (Board Member)
- Board of Trustees of the Arabian Society of Human Resources Management (ASHRM) (Chairwoman)
- Saudi Aramco Development Company (SADCO) (Board Member)
- Saudi Aramco Investment Management Company (SAIMCO) (Board Member)
- Credit Suisse Saudi Arabia Bank (Board Member and Chair of NRC)
- Institute of Public Administration (Board Member and Member of NRC and EC)
Qualifications
- MBA from the American University of Washington, D.C., USA
- BA in English Literature from the King Saud University in Riyadh
- Executive Training at Oxford University, Michigan Ross Business School, and Royal Academy of Dramatic Arts, London
Mr. Osamah Shaker
Independent Member
An Independent Board Member since 2022, and an Independent Investment Committee Chairman since July 2019.
Mr. Osamah Shaker is the CEO of GIB Capital, a company wholly owned by GIP Bank and based in Riyadh. Prior to joining GIB Capital, Mr. Shaker led the charge of banking control at the Saudi Central Bank (SAMA), overseeing and regulating all the commercial banks operating within Saudi Arabia. He possesses over 16 years of banking and investment-related experience in the Kingdom, having held multiple leadership positions at both the Saudi British Bank and HSBC Saudi Arabia.
Additionally, Mr. Osamah has roughly seven years of working experience with the Institute of Public Administration (IPA) where he served as both a lecturer and statistical consultant. During his time at IPA, he also held the position of Head of the Department of Statistics.
Mr. Osamah is currently serving his first term at Bupa Arabia as a Board Member.
Current positions
- Bupa Arabia (Board Member and Investment Committee Chairman)
- GIB Capital (CEO and Board Member)
- Al-Ahli Saudi Football Club (Board Member)
- Al-Argan Projects (Board Member)
Previous positions
- Saudi Central Bank (Director General of Banking Control and Senior Advisor)
- HSBC Saudi Arabia (Managing Director – Head of Financial Markets, Managing Director – Head of Investments, and Head of Asset Management)
- The Saudi British Bank (Head of Discretionary Portfolio Management, Manager of Advisory Services – Corporate Finance Department, and Manager of Equity Research – Investment Banking Group)
- Institute of Public Administration (Head of the Department of Statistics, Lecturer, and Assistant Teacher)
Qualifications
- Master of Science in Statistics from Colorado State University, Fort Collins, Colorado, USA (1994)
- Bachelor of Administrative Science in Quantitative Methods from King Saud University, Riyadh, KSA (1987)
Mr. Martin Houston
Non-Executive Member
Representing the foreign shareholder: Bupa Investments Overseas Limited (BIOL)
Bupa Arabia Board Member since October 2018 and served as a Non-Executive Director on the main Board of Bupa, from January 2014 until December 2019.
He is also the Chairman of Tellurian Incorporated, and the Advisory Chairman of Moelis and the Company’s Global Energy Group. Additionally, he is the Non-Executive Director of Energean PLC and CC Energy, both of which are exploration and production companies.
Mr. Houston is currently serving his third term as a Board Member at Bupa Arabia, representing BIOL.
Current positions
- Bupa Arabia (Board Member and Risk Management Committee Chairman)
- Tellurian Inc (Chairman)
- Moelis and Company (Global Energy Group Chairman – Advisory Role)
- CC Energy Limited (Board Member)
- Energean (Board Member)
Other positions
- Fellow of the Geological Society of London
- Radia Inc (Advisory Board Member)
Previous positions
- Bupa Group (Board Member)
- BG Group (Chief Operating Officer and Board Member)
- EnQuest PLC (Chairman)
Qualifications
- Bachelor of Geology, Newcastle University, UK (1979)
- Master of Science, Petroleum Geology, Imperial College, London, UK (1983)
Mr. Nader Ashoor
Executive Member – Deputy Chief Executive Officer and Chief Financial Officer
Bupa Arabia CFO since November 2016. Mr. Nader was promoted to Deputy Chief Executive Officer in Jan 2023.
Mr. Nader has previously served on numerous boards and committees memberships. Mr. Nader has over 14 years of experience with Saudi Aramco in various leadership roles.
Mr. Nader is currently serving his second term as a Board Member at Bupa Arabia.
Current positions
- Bupa Arabia (Board Member and Deputy CEO and CFO)
- PIF Subsidiary (Audit Committee Member)
- Saudi Ground Services (Board Member, Audit Committee Member and Risk Committee Member)
- D360 Bank (Audit Committee Member)
- Jeddah Airports Company (Risk and Audit Committee Member)
- Saudi Industrial Services Co. (Board Member, Audit Committee Member, and NRC Member)
Previous positions
- Saudi Steel Pipe (Board Member)
- Saudi Steel Pipe (Audit Committee)
- Diaverum, Saudi Arabia (Board Member)
- Saudi Steel Pipe (Strategy Committee Member)
- Saudi Aramco Entrepreneurship Ventures Company (Investment Committee Member)
- Saudi Aramco (various roles, the final was Director of Finance Readiness-IPO)
Qualifications
- Bachelor’s degree in Accounting, KFUPM
- MBA, IMD International, Lausanne, Switzerland
Mr. Nigel Sullivan
Non-Executive Member
Representing the foreign shareholder: Bupa Investments Overseas Limited (BIOL)
Bupa Arabia Board Member since 2021. Currently serves as Bupa Group’s Chief Sustainability and People Officer and is a Member of Bupa’s Chief Executive Committee.
Mr. Sullivan has extensive international experience in Human Resources having started his career at the Rover Group and has held senior HR positions at Nortel Networks, Marconi, and Wincanton PLC, where he was the Group Human Resources Director.
Mr. Sullivan is currently serving his second term as a Board Member at Bupa Arabia, representing BIOL.
Current positions
- Bupa Arabia (Board Member, Executive Committee Member, and Nomination and Remuneration Committee Member)
- Bupa Group (Chief Executive Committee Member)
- Bupa Group (Chief Sustainability and People Officer)
- Bupa Group (Executive Team Member)
- Bupa Investments Overseas Limited (BIOL) (Non-Executive Director)
Previous positions
- Noble Foods Ltd. (Non-Executive Director)
- Talk Talk Telecommunications Group PLC (Group Human Resources Director)
- Royal United Hospitals NHS Foundation Trust Bath (Non-Executive Director)
- Wincanton PLC (Group Human Resources Director and Board Member)
- Marconi Corporation PLC (Divisional Human Resources Director)
- Nortel Networks (Divisional Human Resources Director)
Qualifications
- Postgraduate Diploma in Personnel Management (CIPD) (1990-1991)
- BSc Environmental Science (2i) (1985-1989)