K&A successfully advised Bupa Arabia for Cooperative Insurance Company on its corporate restructuring involving the demerger of its insurance operations and the transformation of the listed entity into a holding company structure.
This transaction represents the first demerger implemented following the introduction of new “split” rules under the Saudi Arabian Companies Law, marking an important milestone in the development of corporate restructuring tools available to listed companies in the Kingdom. The restructuring is being implemented within a highly regulated environment subject to the supervision of the Insurance Authority, the Capital Market Authority and other relevant regulators.
K&A advised on all legal aspects of the transaction, including regulatory structuring, corporate governance considerations, shareholder approvals and disclosures, regulatory engagement and approvals, and issues arising from the separation of the insurance business and the transition to the new corporate structure.
The K&A team was led by Managing Partner Zeyad Khoshaim, along with Counsel Ghaida Meaigel and Associate Duaa Amer, supported by Senior Associate Hawa Abaalkhail and Associates Mohammed Althobaity, Nawaf Alsultan and Mohammad AlMogheerah.
This mandate further reinforces K&A’s position as a leading adviser on complex restructurings and regulatory-driven transactions in Saudi Arabia, particularly in highly regulated sectors such as insurance. It follows the firm’s continued recognition as a Band 1 firm for Corporate / Commercial and M&A by Chambers Global 2026.





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