Company Ras Al Khaimah National Insurance Company

Equities

RAKNIC

AER000501018

Property & Casualty Insurance

Market Closed - Abu Dhabi Securities Exchange 02:52:13 2024-03-04 am EST 5-day change 1st Jan Change
2.7 AED -10.00% Intraday chart for Ras Al Khaimah National Insurance Company 0.00% -27.03%

Business Summary

Ras Al Khaimah National Insurance Co PSC (RAKinsurance) is a United Arab Emirates-based public shareholding company that undertakes all classes of insurance business and services including life assurance, saving and accumulation of funds. The Company is organized into two business segments: the Underwriting of general insurance business segment covers all classes of general insurance, including fire, marine, motor, general accident and miscellaneous, and the Investments segment includes investments in United Arab Emirates (UAE) marketable equity securities, term deposits with banks, investment properties, trading investments and other securities. The Company operates through its head office in Ras Al Khaimah, and branch offices in Dubai and Abu Dhabi.

Number of employees: 167

Sales per Business

AED in Million2022Weight2023Weight Delta
Life and Medical
64.7 %
225 78.8 % 312 64.7 % +38.57%
Motor and General
35.3 %
60 21.2 % 170 35.3 % +181.42%

Sales per region

AED in Million2022Weight2023Weight Delta
United Arab Emirates
100.0 %
286 100.0 % 482 100.0 % +68.80%

Managers

Managers TitleAgeSince
Chief Executive Officer - -
Director of Finance/CFO - -
Chief Operating Officer - -
Compliance Officer - -
Chief Tech/Sci/R&D Officer - -
Corporate Officer/Principal - -
Corporate Officer/Principal - -
Corporate Officer/Principal - -
Comptroller/Controller/Auditor - -
Human Resources Officer - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member - -
Chairman - -
Director/Board Member - -
Director/Board Member 54 -
Director/Board Member - 18-03-06

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 121,275,000 5,903,303 ( 4.868 %) 0 4.868 %

Shareholders

NameEquities%Valuation
96,088,365 79.23 % 78 M AED
19,283,331 15.90 % 16 M AED

Company contact information

Ras Al-Khaimah National Insurance Co.

RAKBANK Building Al Jazeera Street, 6th Floor

, Ras Al-Khaimah

+

http://www.rakinsurance.com
address Ras Al Khaimah National Insurance Company(RAKNIC)