Company The National Bank of Ras Al-Khaimah

Equities

RAKBANK

AEN000601015

Banks

Delayed Abu Dhabi Securities Exchange 05:28:10 2024-04-24 am EDT 5-day change 1st Jan Change
5.1 AED -0.97% Intraday chart for The National Bank of Ras Al-Khaimah 0.00% -3.77%

Business Summary

The National Bank of Ras Al-Khaimah PSC (RAKBANK) is a United Arab Emirates-based public shareholding company engaged in the provision of retail and commercial banking services through a network of 33 branches located across the United Arab Emirates. The Bank is organized into three main business segments: the Retail banking segment includes private customer current accounts, savings accounts, deposits, credit and debit cards, customer loans and mortgages; the Corporate banking segment incorporates transactions with corporate bodies, including government and public bodies, small and medium entities, and comprising of loans, advances, deposits and trade finance transactions, and the Treasury segment covers activities of the dealing room, related money market, foreign exchange transactions with other banks and financial institutions.

Number of employees: 3,498

Sales per Business

AED in Million2022Weight2023Weight Delta
Business Banking
39.3 %
1,390 40.3 % 1,730 39.3 % +24.50%
Retail Banking
31.7 %
1,329 38.5 % 1,396 31.7 % +5.06%
Head Office & Unallocated Costs
13.2 %
219 6.3 % 580 13.2 % +164.79%
Wholesale Banking
9.6 %
344 10.0 % 425 9.6 % +23.59%
Treasury & Other
5.7 %
155 4.5 % 253 5.7 % +62.91%
Insurance Business
0.7 %
32 0.9 % 30 0.7 % -6.23%
Consolidation Adjustments
-0.2 %
-16 -0.5 % -10 -0.2 % -41.63%

Sales per region

AED in Million2022Weight2023Weight Delta
United Arab Emirates
100.0 %
3,452 100.0 % 4,404 100.0 % +27.59%

Managers

Managers TitleAgeSince
Chief Executive Officer 54 22-01-02
Director of Finance/CFO - 23-10-10
Compliance Officer - 15-02-28
Chief Operating Officer 59 23-08-31
Investor Relations Contact - -
Corporate Officer/Principal - -
Human Resources Officer - -
Comptroller/Controller/Auditor - -
Corporate Officer/Principal 51 22-03-31
Corporate Officer/Principal - 13-06-30

Members of the board

Members of the board TitleAgeSince
Director/Board Member - -
Chairman 71 15-04-08
Director/Board Member - -
Director/Board Member - 17-04-04
Shariah Board Member - -
Director/Board Member 61 -
Director/Board Member - -
Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 2,011,000,000 880,278,275 ( 43.77 %) 0 43.77 %

Shareholders

NameEquities%Valuation
Emirate of Ras Al Khaimah (United Arab Emirates)
49.35 %
992,616,221 49.35 % 1 392 M AED
138,499,442 6.885 % 194 M AED
Amundi Ireland Ltd. (United Kingdom)
0.0235 %
473,045 0.0235 % 663 412 AED
Delubac Asset Management SA
0.0141 %
284,270 0.0141 % 398 669 AED
Riverside Advisors LLC
0.005635 %
113,341 0.005635 % 158 953 AED
DFA Australia Ltd.
0.001227 %
24,682 0.001227 % 34 615 AED

Holdings

NameEquities%Valuation
96,088,365 79.23% 70,648,970 $

Company contact information

National Bank of Ras Al Khaimah

Al Rifa area Exit No. 129

, Ras Al-Khaimah

+971 4 213 0000

http://www.rakbank.ae
address The National Bank of Ras Al-Khaimah(RAKBANK)

Group companies

NameCategory and Sector
Finance/Rental/Leasing
Rak Global Markets Cayman Ltd.

Sales per Business

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
5.1 AED
Average target price
6.083 AED
Spread / Average Target
+19.28%
Consensus

Quarterly revenue - Rate of surprise

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