Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed a disposal of a business line to Network International to realize value for the bank and its shareholders, according to a bourse disclosure.

RAKBANK sold its merchant acquiring business line to Network for a total consideration of AED 551 million.

The transaction also aims to enable the continued growth and development of the business.

As part of the sale deal, RAKBANK will enter into a long-term strategic partnership with Network as the purchaser for the exclusive provision of merchant acquiring services.

The financial period in which the financial impact will appear will be the first quarter (Q1) of 2026.

It is worth noting that RAKBANK achieved net profits amounting to AED 2.60 billion in 2025.