Ras Al Khaimah National Insurance Co PSC (RAK Insurance) News - Mubasher Info
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27 January 07:04 AM

Ras Al Khaimah National Insurance Co PSC (RAKNIC)

Last update: 26 January 01:25 PM market time.
3.00
0.43
14.78%
Open 2.91
Previous Close 2.91
High 3.34
Low 2.62
Stock Statistics
Volume 7,082
Turnover 21,279.89
All data are 15 minutes late during market session

News

Photo Archive
21 August 2022 03:20 PM RAK Insurance’s CEO resigns; Acting CEO announced
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, …
Management Decisions
The cash dividends stand at 8 fils per share
15 April 2021 00:22 PM RAK Insurance approves 8% dividends for 2020
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 …
Cash Dividends
RAK Insurance offers medical, motor, and life insurance services
29 November 2020 00:18 PM RAK Insurance inaugurates new branch in Sharjah
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 …
Companies Investments
The company posted a net underwriting income of AED 4.51m
27 October 2020 10:30 AM RAK Insurance achieves profitability in 9M
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 …
Financial Results
The insurer's net underwriting income reached AED 4m
29 July 2020 10:04 AM RAK Insurance records higher net profits in H1-20
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 …
Financial Results
The distribution of bonus shares amounts to 5.775 million shares
1 April 2020 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 …
Corporate Actions
Net insurance premium revenues increased to AED 348.3 million
20 February 2020 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 …
Financial Results
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) …
Company News
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 …
Company News
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 …
Company News
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 …
Financial Results
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, …
Financial Results
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 …
Financial Results
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 …
Companies Investments
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 …
General Assembly
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 …
Financial Results
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, …
Board of Directors
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 …
Financial Results
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 …
Banking and Finance
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 …
Corporate Actions
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 …
Financial Results
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 …
Financial Results
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, …
Event
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 …
Board of Directors
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 …
Corporate Actions