Riyadh – Mubasher: Chubb Arabia Cooperative Insurance Company has obtained the approval of the Saudi Central Bank (SAMA) to renew its license.

The license allows Chubb to practice general insurance activity from 28 July 2021 for a period of three years, the company announced in a disclosure to the Saudi Exchange (Tadawul) on Tuesday.

During the first quarter (Q1) of 2021, the insurance firm reported a net profit of SAR 2.42 million, according to the most recent financial statements.