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Ras Al Khaimah National Insurance Co PSC (RAKNIC)

Last update: 5 July 01:22 PM market time.
0.00
0.12
4.17%
Open 3.00
Previous Close 2.88
High 3.00
Low 3.00
Stock Statistics
Volume 238
Turnover 714.00
All data are 15 minutes late during market session

News

The distribution of bonus shares amounts to 5.775 million shares
1 April 02:06 PM RAK Insurance's shareholders agree on 5% bonus share for 2019
Abu Dhabi – Mubasher: The shareholders of Ras Al Khaimah National Insurance Company (RAK Insurance) have nodded to a bonus issue of 5% of the paid-up capital for 2019. The distribution amounts to 5.775 million bonus shares, raising the total …
Net insurance premium revenues increased to AED 348.3 million
20 February 11:49 AM RAK Insurance sees AED 3.5m profit in 2019; bonus shares proposed
Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance) registered net profits of AED 3.534 million in fiscal year 2019, down from AED 19.435 million in 2018. The company’s net insurance premium revenues increased to AED …
Net profits reached AED 660,000 by the end September
7 November 2019 09:58 AM RAK Insurance reports Q3 results
Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance) reported a net profit of AED 660,000 by the end of the first nine months of 2019, as shown by the company's unaudited financial statements for the third quarter (Q3) …
S&P affirmed its long-term insurer financial strength and issuer credit ratings on RAK Insurance at 'BBB+'
3 October 2019 00:15 PM S&P affirms RAK Insurance’s ratings at BBB+
Abu Dhabi – Mubasher: Standard & Poor's (S&P) Global Ratings announced it has affirmed its long-term insurer financial strength and issuer credit ratings on the UAE-based Ras Al-Khaimah National Insurance Co (RAK Insurance) at 'BBB+', with a …
The agreement is supported by Munich Re
1 July 2019 00:58 PM RAKBank, RAK Insurance pen 5-yr credit protection deal
Abu Dhabi –Mubasher: The National Bank of Ras Al Khaimah (RAKBank) said it has signed a five-year group credit protection agreement with RAK Insurance. Under the agreement, the bank will cater a financial protection programme to their borrowers …
Total assets amounted to AED 822.25 million in Q2-18
29 July 2018 10:15 AM Rak Insurance sees AED 10.5m profits in Q2
Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Co on Sunday reported an AED 10.5 million in net profit for the second quarter of 2018, compared to AED 12.4 million in the same period last year. The company’s gross written premium rose by …
The dividends amount to AED 16.5 million
5 February 2018 00:27 PM RAK Insurance’s board proposes AED 16.5m dividends
Abu Dhabi – Mubasher: RAK Insurance’s board on Monday recommended the distribution of 15% of its capital (AED 15 per share) in cash dividends for 2017.   The proposed dividends amount to AED 16.5 million of RAK Insurance’s AED 110 million capital, …
The company’s net profit records AED 14 million in Q4-17.
5 February 2018 10:32 AM RAK Insurance’s net profit drops 12.5% Q4
Abu Dhabi – Mubasher: RAK Insurance on Monday reported a 12.5% decline in net profit during the fourth quarter of 2017. The company’s net profit decreased to AED 14 million in Q4-17 from AED 16 million in the comparative period of 2016, according …
RAK Insurance's insurance premium income rose to AED 72.2 million in Q2-17
31 July 2017 11:40 AM RAK Insurance swings to profits in Q2
Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance) turned profitable in the second quarter of 2017, according to a bourse statement. Profits reached AED 8.3 million ($2.3 million) in Q2-17, against losses of AED 2.4 …
Traders at Abu Dhabi's bourse (Photo Credit: Arabianeye-Reuters)
5 April 2017 10:04 AM RAK Insurance approves annual dividends
Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance) said its shareholders approved 10% dividends or 10 fils per share for fiscal year 2016, according to a bourse statement. The shareholders also set the last day for …
Profits of 2016 rose to AED 23.4 million - (Photo Credit: Company website)
9 February 2017 00:28 PM RAK Insurance annual profits inch up 1%
Abu Dhabi - Mubasher: Ras Al Khaimah National Insurance Company (RAKNIC) on Thursday reported an annual profit increase of 1.3%, according to a bourse filling. Profits of 2016 rose to AED 23.4 million ($6.37 million), compared with AED 23.1 …
Photo Credit: Arabianeye-Reuters
8 February 2017 07:35 AM Five UAE firms to disclose financials on Wednesday
Mubasher: The board members of five companies listed on the UAE markets will discuss on Wednesday their financial statements and dividend proposed for the fiscal year 2016. The companies are Air Arabia, Union Properties (UP), Gulf Cement Co, …
Losses stood at AED 2.42 million ($658,700) in Q2-16 (Photo Credit: Company Website)
9 August 2016 00:34 PM RAK Insurance sees losses in Q2
Abu Dhabi-Mubasher: RAK Insurance incurred losses in the second quarter of 2016, according to a bourse statement. Losses stood at AED 2.42 million ($658,700) in Q2-16, against profits of AED 5.06 million ($1.38 million) in Q2-16. In H1-16, profits …
Oia project's total cost stands at AED 450 million (Photo Credit: Company Website)
5 June 2016 10:08 AM UP signs finance facility for Oia project
Dubai-Mubasher: Union Properties (UP) signed an AED 290 million project finance facility for the construction of Oia Residence. Ajman Bank and National Bank of Ras Al-Khaimah (Rakbank) acted as joint lead managers for the transaction, while Alpen …
last dividends entitlement date will be 20 April (Photo Credit: Arabianeye-Reuters)
14 April 2016 10:23 AM RAK Insurance to pay 5% dividends for FY15
Abu Dhabi-Mubasher: Ras Al Khaimah National Insurance’s (RAK Insurance) ordinary general meeting ratified a board proposal to distribute cash dividends of 5% of capital for the fiscal year 2015, according to a recent statement. The 5 fils per …
Photo Credit: Arabianeye-Reuters
7 February 2016 11:18 AM RAK Insurance losses widen in Q4-15
Abu Dhabi-Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance) reported losses of AED 8.04 million ($2.2 million) in the fourth quarter of 2015, compared to AED 2 million ($544,000) in the same quarter of 2014, according to a bourse …
Photo Credit: Arabianeye-Reuters
29 October 2015 08:41 AM RAK National Insurance posts 54% jump in 9M profits
Abu Dhabi-Mubasher: Ras Al Khaimah National Insurance Company posted a 54.3% profit jump to AED 31.14 million in the first nine months of 2015, compared to AED 20.17 million in the same period of 2014. Profits declined 20.27% to AED 11.35 million …
Photo Credit: Arabianeye-Reuters
26 October 2015 08:08 AM UAE insurance firm to consider financials 28 Oct
Abu Dhabi-Mubasher: Ras Al Khaimah National Insurance will hold a board meeting on 28 October to review the financial statements for the period ended 30 September. During the first half, the company reported earnings worth AED 19.7 million, …
Photo Credit: Arabianeye-Reuters
31 August 2015 10:06 AM Al Sharhan to chair RAK Insurance
  Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Co. (RAKNIC) announced changes in its board, according to a bourse filing on Monday. Salem Al Sharhan was elected as chairman of the board after Ahmed bin Saqr Al Qasimi and Roberto Santini …
Photo Credit: Arabianeye-Reuters
15 July 2015 09:50 AM RAK Insurance profits leap 233% in H1
  Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAKNIC) reported strong net profits for the first half of 2015, reaching AED 19.7 million ($5.3 million), recording massive growth of 233% compared to AED 5.9 million ($1.6 …
Photo Credit: Arabianeye-Reuters
28 June 2015 09:44 AM RAK Insurance chairman quits
  Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAKNIC) revealed on Sunday that its board chairman Ahmed bin Saqr Al Qasimi has resigned, according to a filing to the Abu Dhabi Securities Exchange (ADX). The company added that …
Photo Credit: Arabianeye-Reuters
11 June 2015 08:51 AM RAK Insurance board member Al-Housani resigns
Ras Al Khaimah National Insurance (RAK Insurance) said that board member Ahmed Salem Abdulla Al-Housani has resigned from the ADX-listed company.The resignation is effective as of 9 June 2015, according to a bourse filing.Ras Al Khaimah National …
Photo Archive
28 May 2015 04:39 PM RAKBank closes AED317m takeover deal
Abu Dhabi – Mubasher: RAKBank announced on Thursday it had completed the acquisition of a 79.23 % stake in Ras Al Khaimah National Insurance Company in a deal worth AED 317 million.The bank purchased a total of 87.154 million shares at AED3.64 …
Photo Credit: Arabianeye-Reuters
19 May 2015 04:04 PM RAK Bank makes acquisition bid for RAK Insurance
 Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAK Bank) announced its intention to acquire all or any lesser number of shares in Ras Al Khaimah National Insurance Company (RAKNIC), according to a filing to the Abu Dhabi …
Photo Credit: Arabianeye-Reuters
17 May 2015 00:33 PM RAK Insurance posts slight fall in Q1 profit
Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Co. (RAKNIC) reported a 3.2% decline in its profits for the first quarter of 2015 to AED 14.73 million ($4 million) from AED 15.21 million ($4.14 million) in the same period a year earlier, …