- RAKNIC

Abu Dhabi Securities Exchange (United Arab Emirates)
3 Last Update 20/09/2024 10:48 KSA
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Quotes

  • :3
  • :3
  • ('000):121,275
  • (AED '000):363,825
  • :-0.02


  • 0
  • :38
  • :0
  • 52-W L52-W H
    3
    2.73.7
  • 10.81%
  • 22.22%


  • 0

  • (AED):

    0
  • (AED):278
  • :0
  • Performance Comparison

At a Glance

Activities

Ras Al-Khaimah National Insurance Company (RAK Insurance) is a prominent insurance provider in the United Arab Emirates (UAE). Established in 1974, the company has grown significantly from its initial paid-up capital of AED 2 million to AED 121.275 million. RAK Insurance aims to be a leading customer-focused insurer in the UAE, offering innovative and competitive insurance products across multiple channels to both individuals and businesses. Their mission is to provide "Simply Better" insurance solutions, ensuring customer satisfaction and loyalty. The company offers a wide range of insurance products, including life assurance, medical insurance, motor insurance, and general insurance. They cater to both personal and commercial needs, ensuring comprehensive coverage for their clients. RAK Insurance has invested heavily in digital and technological advancements to improve operational efficiency and customer experience. They offer a mobile app and an online portal that provide easy access to their suite of products and services, allowing customers to manage their information and claims online. Despite the competitive landscape of the UAE insurance sector, RAK Insurance has maintained a resilient financial position. They have achieved consistent year-on-year premium growth and hold a Standard & Poor's rating of BBB+ with a stable outlook. The company emphasizes strong stakeholder management, robust governance, and qualified staff. These factors contribute to their longevity and success in the market. RAKBANK is a major shareholder of RAK Insurance, and together they have initiated a rebranding exercise to reflect their special relationship. This collaboration aims to support better product and service innovations, stimulating growth and increasing revenue streams. RAK Insurance is dedicated to continuous improvement and development. They focus on sustainable growth, employee engagement, and support for the Emiratisation program, which aims to increase the employment of UAE nationals.

Board of Directors:

  • Chairman:
    Shk. Omar S. K. Al-Qasimi
  • Vice-chairman:
    Ahmed E. A. Al-Naim
  • CEO:
    Sanjeev Badyal
  • Board Members:

    Aarefa Al-Falahi

    Bernhard Schluep

    Dongjun Choi

    Futooh Al-Zayani

    Safwan Ghaleb

  • Auditors:

    Grant Thornton

Senior Management

Chief Distribution Officer

Jason Carey

Financial Controller

Mukhtar Ahmad

Chief Transformation Officer

Amol Shah

CFO

Shehreyar Azim

Chief Commercial Officer

Claude Zoghbi

Head of Compliance

Renuka Padmanbhan

Motor Underwriting & Claims Head

Prasanna V. R. Gopal

SMC Member and Head Of Commercial

Hassan A. Hashmi

Head of Legal Department

Amjad Al-Hayek

HR Manager

Ruby A. T. Sape

Head of Life

Deepesh K. Narayanan

Senior Claims Manager

Balnarayan Krishnakumar

Chief Reinsurance Officer

Zohaib Arshad

News

UAE insurer RAK Insurance assigned ratings of 'BBB+'; outlook stable (CPI Financial - 05/01/2015)

Standard & Poor's Ratings Services today assigned to Ras Al-Khaimah National Ins Co. (RAK Insurance) ...

Read More ...

Temporary Suspension of Trading on the Shares of RAKNIC (Stock Market News - 16/02/2014)

As Ras Al Khaimah National Insurance Co. Board of Directors Meeting will be held at 11:00 AM on Sunday ...

Read More ...

Read More ...

Recent Profit / Loss Announcements

Announced On Period As Of Net Profit (SAR Mil) Growth (%)
29/10/2018 9-Month 30/09/2018 16 -11.08
26/07/2018 6-Month 30/06/2018 10 -15.38
15/05/2018 3-Month 31/03/2018 06 45.76
05/02/2018 12-Month 31/12/2017 32 36.57
14/11/2017 9-Month 30/09/2017 18 125.46
Contact Details

Related GCC Companies (Insurance)

Market Cap
US$ Mil		 Last Price
Local Cry		 Price Change (%)
1 Day		 Price Change (%)
1 Year		 P/E TTM P/B MRQ Dividend Yield (%) Beta ROA (%) ROE (%)
BUPAARABIA 8,338.79 208.2 -0.2 0 27.35 0 0 0.88 0 0
TAWUNIYA 5,876.33 145 -1.37 0 23.15 0 0 1.09 0 0
ALRAJHITAKAFUL 4,749.03 181 1.57 0 45.45 0 0 1.1 0 0
QATI 1,931.69 2.15 -1.02 -39.26 0 0.12 2.99 1.1 2.21 10.42
GINS 1,349.93 1,450 -8.81 18.18 35.86 3.23 4.2 0.07 1.74 11.49
RASAN 1,280.72 63.2 -0.32 0 0 0 0 0 0 0
SAUDIRE 834.64 37.55 6.82 0 24.36 0 0 1.05 0 0
MEDGULF 645.28 23.34 1.21 0 15.08 0 0 1 0 0
ADNIC 618.57 6.06 1 17.93 8.6 1.18 0 0.24 3.55 12.47
WALAA 513.2 22.96 1.41 0 12.9 0 0 1.13 0 0
AINS 507.64 714 -0.14 -2.8 16.82 1.29 6.62 0.13 3.79 9.34
ARABIANSHIELD 400.31 19.14 1.7 0 22.74 0 0 1.09 0 0
GIG 360.37 30.55 1.66 0 21 0 0 1.14 0 0
CHUBB 355.78 45.15 1.46 0 53.08 0 0 1.13 0 0
KINS 344.39 568 1.42 9.06 13.69 1.49 9.01 0.06 4.28 10.42
QGRI 344.32 1.44 -0.35 14.8 -0.85 0.04 5.06 0.3 -26.79 -45.51
LIVA.MSM 340.81 0.33 0 0 0 0 0 0.08 0 0
DOHI 340.38 2.5 0 -22.52 7.98 0.11 5.82 0.22 5.01 13.46
QISI 339.14 8.3 -0.04 -25.32 7.96 0.19 6.88 0.57 11.98 23.54
KUWAITRE 329.86 352 -1.13 6.89 32.19 1.24 5.21 -0.01 3.72 9.79
JAZIRATKFL 291.98 16.64 0.24 0 25.11 0 0 1.11 0 0
WATANIYA 287.82 26.95 -0.19 0 8.91 0 0 1.05 0 0
ALETIHAD 286.22 22.3 3.81 0 12.76 0 0 0 0 0
DIN 261.31 9.6 0 0 5.52 0 0 -0.1 0 0
AWNIC 243.98 4.33 0 0 11.09 1.07 0 0.06 4.05 6.88
ALLIANZSF 240.81 15.26 1.32 0 32.78 0 0 1.06 0 0
BEMA 224.32 4.1 -0.51 0 11.32 0 0 0 0 0
NGI 215.52 4.8 0 0 5.96 0 0 0 0 0
MALATHINSURANCE 204.94 15.2 -1.18 0 -302.16 0 0 1.07 0 0
ABNIC 203.47 2.99 0 -16.32 15.5 1.15 0 -0.07 2.19 6.02
QLMI 198.33 2.09 0.43 0 9.89 0 0 0 0 0
GULFUNIONALAHLIA 190.56 15.68 0.64 0 7.69 0 0 1.06 0 0
AICC 188.14 13.32 0 0 13.19 0 0 0.99 0 0
LIVA 185.91 17.62 1.03 0 33.98 0 0 1.12 0 0
AKHI 157.65 2.26 -0.31 -49.01 81.29 0.12 4.88 0.36 0.64 1.2
DNIR 155.62 4.95 0 0 13.22 0 0 0.03 0 0
BURUJ 155.42 19.38 -0.31 0 40.54 0 0 1.1 0 0
DHAFRA 150.53 5.53 0 0 8.38 1.65 0 -0.08 3.14 10.13
TKFL 149.17 5.48 0 -9.9 5.66 1.82 4 -0.14 5.39 16.79
SUKOONTAKAFL 148.81 3.55 0 0 6.27 0 0 0.03 0 0
ALSAGRINSURANCE 144.23 18.34 1.66 0 12.51 0 0 1.08 0 0
SAICO 128.24 16.16 0.74 0 8.18 0 0 1.06 0 0
SALAMA 127.92 23.86 -0.59 0 11.3 0 0 1.12 0 0
AMANAINSURANCE 127.43 11.08 -0.36 0 27.67 0 0 1.24 0 0
ALAIN 114.73 28.1 0 -30.91 5.77 0.36 3.33 -0.04 0.89 4.23
ACIG 112.29 14.6 0.82 0 5.46 0 0 1.01 0 0
UCA 106.6 10.14 1.4 0 18.1 0 0 0.99 0 0
ALLIANCE 106.16 390 0 0 0 0 0 0 0 0
SALAMA.DFM 98.47 0.39 -0.52 0 -2.47 0 0 1.05 0 0
BKIKWT 93.61 191 0 0 0 0 0 -0.04 0 0
ORIENT 90.23 66.3 0 0 0.5 0 0 0 0 0
ENAYA 90.23 14.86 0.95 0 37.29 0 0 1.21 0 0
RAKNIC 89.83 3 0 -10.24 12.15 1.38 0 -0.02 4.14 13.97
GULFGENERAL 89.06 11.18 0.35 0 -48 0 0 1.21 0 0
WINSRE 80.4 142 2.15 -33.5 20.27 0.59 16.34 0.33 -4.25 -8.4
FTI 77.99 223 9.85 -13.28 91.08 1.93 0 0.01 13.45 19.88
ORIC 72.89 0.09 0 0 0 0 0 0 0 0
OUIC 64.03 0.26 4.85 0 7.74 0 0 1.22 0 0
DICS 62.84 0.22 0 0 16.54 0 0 0.13 0 0
SICO 61.76 1.65 0 -9.35 14.64 1.04 0 0.01 10.26 17.29
SOLID 57.19 0.35 0 -7.81 8.25 13.57 0 0.03 5.99 16.43
AFNIC 57.16 210 0 0 5.98 0.99 0 0 5.59 12.64
UNION 53.96 0.6 0 -29.03 10.45 0.65 0 0.14 0.48 2.86
OQIC 51.85 0.2 0 0 0 0 0 0.04 0 0
FIDELITYUNITED 43.55 1.6 0 0 -27.07 1.7 0 0 0.3 0.92
ASNIC 41.13 0.66 0 0 -1.68 0 0 0.04 0 0
AMAT 35.84 0.08 0 0 5.49 0 0 1 0 0
AFIC 33.48 0.13 0 0 0 0 0 0.14 0 0
IH 31.32 0.96 0 13.33 9 1.32 0 -0.01 1.61 4.72
AKIC 27.21 0.24 0 -40 -0.4 0.67 0 -0.03 -19.63 -93.13
ARIG 27.06 0.12 -88.82 -5.68 0.13 0.1 10.1 0.03 4.82 7.67
METHAQ 26.34 0.65 0 -5.88 10.06 1.26 0 0.45 3.1 20.9
TAKAFULEM 22.01 0.54 3.65 0 -3.3 0 0 0.39 0 0
AMAN 21.32 0.35 0 0 -7.01 0 0 0.53 0 0
TAKAFUL 21.12 0.13 0 -15 6.92 9.21 0 0.1 3.58 13.36
TAOI 18.25 0.04 0 0 -6.2 0 0 0.24 0 0
WETHAQ 15.34 42.4 8.71 -52.55 -126.34 0.4 0 0.29 3.29 3.31
MCTI 9.15 0.32 0 0 2.39 0 0 0.04 0 0
WATANIA 0 0 0 0 0 0 0 0.68 0 0
SUKOON 0 0 0 0 0 0 0 0.08 0 0
BKIC 0 0 0 12.73 0 0 6.12 -0.08 2.92 11.69
BNH 0 0 0 -3.33 0 0 3.88 0.04 5.45 9.75
EIC.ADX 0 0 0 17.06 0 0 8.33 0.03 4.16 9.85
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