Riyadh – Mubasher: Gulf Union Al Ahlia Cooperative Insurance Company has obtained the approval of the Saudi Central Bank (SAMA) to renew its licence to practice insurance activity.

Upon activity renewal, Gulf Union Al Ahlia will be authorised to practice general and health insurance, as well as protection insurance with savings, according to a bourse filing on Tuesday.

The licence is valid for three years from 29 March 2022 until 24 February 2025.