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the Bank announced its intention to acquire a majority stake in Ras Al
Khaimah National Insurance Company (RAKNIC) following approval from the Bank's shareholders. Shareholders voted in favour of the Bank buying a majority stake at Dh3.64 per share during its ordinary general assembly held on Monday at the bank's headquarters in Ras Al Khaimah. The acquisition will be done through an offer to all shareholders of RAKNIC.
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RAKBANK is a retail and business bank in the UAE with assets of AED 52.8 billion, deposits of AED 36.9 billion and net profit of AED 505.4 million at the close of the year 2020. The Bank provides conventional and
Islamic retail, small business, and commercial banking services through a network of 27
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At the start of 2013, the Bank launched an
Islamic Banking unit, RAKBANK AMAL, amid a flood of investments in the Shariah (Islamic law)-compliant financial sector in the country. The Islamic banking products and services are offered via its subsidiary, RAK Islamic Finance Company. In August 2014,
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The Bank is 52.76% owned by the
Government of Ras-Al-Khaimah. The Board consists of several members of the ruling family of the emirate and businessmen from across the UAE and Kuwait.
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Best
Internet Banking Initiative Award at The Asian Banker – Middle East Retail Product Awards 2014 for Click and Collect
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Best
Marketing Campaign of the Year award at the Middle East Prepaid Awards 2012 for the MasterCard Bling campaign
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Knowledge (XXG)'s content policies, particularly
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branches as well as its ATMs, telephone, online and mobile banking channels.
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795:"RAKBANK wins 'Bank of the Year' at Arabian Business Achievement Awards"
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Bank of the Year award at the 2012 Arabian
Business Achievement Awards
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A major contributor to this article appears to have a
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866:Companies based in the Emirate of Ras Al Khaimah
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861:Government-owned companies of Ras Al Khaimah
762:عن البنك الموقع الرسمي ولوج بتاريخ 19/8/2015
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53:Learn how and when to remove these messages
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273:Learn how and when to remove this message
216:Learn how and when to remove this message
150:Learn how and when to remove this message
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177:contains content that is written like
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679:"RAKBank posts Dh700m H1 net profit"
537:National Bank of Ras Al-Khaimah PJSC
88:adding citations to reliable sources
735:"RAKBank establishes Islamic unit"
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856:Banks of the United Arab Emirates
34:This article has multiple issues.
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253:. Please discuss further on the
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809:"Rakbank wins ME prepaid award"
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549:Abu Dhabi Securities Exchange
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313:Public Joint Stock Company
541:Emirate of Ras Al Khaimah
368:Mohammad Omran Al Shamsi
473:Insurance & Takaful
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627:This section is empty.
547:. It is listed on the
693:"RAKBANK SHARE QUOTE"
578:Shareholder Ownership
442:Mufaddal Khumri Idris
251:neutral point of view
198:neutral point of view
545:United Arab Emirates
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341:United Arab Emirates
84:improve this article
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767:2015-12-30 at the
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413:K. S. Ramakrishnan
327:Financial services
192:and inappropriate
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501:Total assets
482:Auto Finance
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348:Area served
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521:RAKBANK.ae
470:RAKFinance
360:Key people
186:improve it
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39:improve it
638:July 2022
543:, in the
477:Mortgages
255:talk page
99:"RAKBank"
45:talk page
765:Archived
611:Services
555:Overview
454:Products
374:Chairman
319:Industry
604:20.25%
596:26.99%
588:52.76%
551:(ADX).
535:of the
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323:Banking
304:RAKBANK
124:scholar
16:Company
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