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Bupa Arabia for Cooperative Insurance announces that its financial statements are prepared in accordance with International Accounting Standards (IAS)

Bupa Arabia for Cooperative Insurance announces that the International Accounting Standards (IAS) have been applied to its financial statements and not in accordance with the accounting standards issued by the Saudi Organization for Certified Public Accountants, as has been indicated in the auditors' report notes relating to the financial statements of the company.

Therefore, it does not require any transition plan for the preparation of financial statements in accordance with the international accounting standards due to it already applying the IAS.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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