Ras Al Khaimah National Insurance Co PSC (RAKNIC)

Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance) has announced the resignation of Ewen John McRobbie from his position as the company’s CEO. McRobbie submitted his resignation, which came to effect on 18 August 2022, …

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Ras Al Khaimah National Insurance Company (RAK Insurance) has approved a cash dividends distribution, equivalent to 8% of the capital, to shareholders for 2020. The cash dividends stand …

Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance), a subsidiary of RAK Bank, has opened its new branch in Sharjah, as part of its target to meet the growing needs for retail insurance solutions. RAK Insurance offers …

Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance) saw net profits of AED 11.36 million in the first nine months of 2020, against net losses of AED 664,390 in the corresponding period of 2019. The company posted a net …

Abu Dhabi – Mubasher: Ras Al Khaimah National Insurance Company (RAK Insurance) posted net profits of AED 5.9 million in the first half (H1) of 2020, compared with AED 4.58 million in the same period of 2019. The company's net earned insurance …

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 …

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 …

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) …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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, …

  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 …

  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 …