Profile: RAKNIC | Ras Al-Khaimah National Insurance

ABU DHABI SECURITIES EXCHANGE (ADX)Trading Hours: Sun - Thu 10:00 am-2:00 pm

Ras Al-Khaimah National Insurance RAKNIC
RAKNIC 0.00%
Insurance 0.00%
ADI 0.00%
Last Value
% Change
Price in AED Last Update : 20 Sep 2017 10:15 am (local time)


Corporate Details
Exchange Abu Dhabi
Sector Insurance
Auditors KPMG
Company Description

Ras Al Khaimah National Insurance Co (RAKNIC) is a UAE-based Company that provides all classes of insurance business including life assurance, saving and accumulation of funds.The Company operates through its head office in Ras Al Khaimah and two further branches in Dubai and Abu Dhabi, UAE.

Company Activities

RAK Insurance offers a wide array of products and services that includes Engineering Insurance, Group Health Insurance, Marine Insurance, Property Insurance, Life Insurance, Motor Insurance and Travel Insurance.

Equity Profile
Date Established Nov 22, 1974
Listing Date Jul 3, 2005
Paid-up Capital (AED) 100,000,000
Outstanding Shares 100,000,000
Shares Per Value 1
Contact Information

P.O. Box 506, Ras Al Khaimah

+971 7 2273000

+971 7 228 8500



Company History

RAKNIC is a public shareholding company incorporated in the Emirate of Ras Al-Khaimah by Alniri decree No. 20 dated 26 October 1976 which was amended by the Amiri decree No. 10 dated 7 December 1985 and Amiri decree No. 3 dated 5 April 1997 and issued by H.H. Sheikh Saqr Bin Mohammad Al Qasimi, The Ruler of the Emirate of Ras Al- Khaimah and its dependencies.The Company was established with a fully paid capital of AED 2 million.

Board Members & Senior Management
Shekh. Ahmed Bin Saqr Al Qassimi Chairman
Mr. Ahmed Issa Al Naeem Vice Chairman
Mr. Andrew Paul Smith CEO
Mr. Elias Khozami General Manager
Mr. Ahmed Salem Abdulla Salem Board of Directors
Mr. Khaled Al Saffarini Board of Directors
Mr. Roberto Santini Board of Directors
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