Published: Aug 18, 2014
Source: Emirates 24|7

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Rakbank Dh3.64 a share offer for Rak Insurance stake

Shareholders of National Bank of Ras Al Khaimah (Rakbank) have approved a Dh3.64 per share offer to buy a majority stake in Ras Al Khaimah National Insurance Co, the bank said on Monday.

Rakbank's proposed price is slightly below RAK Insurance's closing price on August 17 of Dh3.70. The stock was not traded on Monday - By Reuters. Read more>>>

 

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