Bupa Arabia ranks 6th out of 172 in Corporate Governance Index

22/10/2017 14:06 AST

BUPA Arabia for Cooperative Insurance landed an impressive position at the Corporate Governance Index (CGI) this year, in a report published by the College of Business at Alfaisal University. At 6th place among 172 listed entities on the CGI, the ranking acknowledges Bupa Arabia's excellent global practices in Corporate Governance.

The recognition was announced at the 1st Annual Corporate Governance Conference organized by the Corporate Governance Centre at Alfaisal University - College of Business, attended by locally listed company representatives, government agencies and those with a keen eye on Corporate Governance from Saudi Arabia and abroad.

Ali Hamdan, Chief Risk Officer at Bupa Arabia said: "We are extremely proud with the progress that Bupa Arabia has crossed in Corporate Governance, which evidently greatly helps companies to improve corporate performance and gives investors a solid trust and a positive impression in presence of a wise leadership. This also brings to light the competency and the quality of work delivered towards 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 achieve further relations with its investors to provide exclusive and special services to its members."

The Corporate Governance Index at Alfaisal University aims to affirm the necessity to implement sound Corporate Governance practices in line with global standards and the Saudi Vision 2030. Corporate Governance plays a paramount role in economic development, job creation, growing and developing the Saudi market to attract more local and foreign investment. It is also considered a primary element used across markets to identify and evaluate investment opportunities, especially in emerging markets.

Saudi Gazette