Chop pepper and then melt butter in another sauce pan. Add peppers and Sauté for 2 minutes. Peppers will be fragrant, then add the rice. Sprinkle salt and stir to coat rice evenly with butter. Add chicken and saffron stock. Stir once more and mostly cover with lid. (This will be the last time you stir the rice until finished).
*Use Basmati rice if you prefer