Gulf Union Al Ahlia renews insurance activity licence

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

  
Islamic finance background with calculator and rosary on the table. Image used for illustrative purpose.

Islamic finance background with calculator and rosary on the table. Image used for illustrative purpose.

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Riyadh – 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.

Source: Mubasher

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