United Arab Emirates, 29 November 2020: Ras Al Khaimah National Insurance Company (RAKINSURANCE), a RAKBANK subsidiary, is pleased to announce the opening of its new branch located at King Faisal street in the heart of Sharjah. The new location is easily accessible with extended business hours from 8:00AM to 8:00PM (Sunday to Thursday). This branch houses friendly and dedicated insurance advisers that are trained to provide expert advice on all insurance needs.
RAKINSURANCE branches are situated across the UAE in prime locations and cater to over 740,000 customers with protection that spans medical, motor and life insurance. Additionally, the Company also provides servicing of more than 43,000 of its Corporate and Retail clients. It has a strong presence in the Emirate of Ras Al Khaimah where its Head Office is located, with branches operating in Dubai and Abu Dhabi.
“RAKINSURANCE is always striving to cater to customers across all the main locations in the UAE especially ones with heavy footfall. The opening of the King Faisal Street branch is in line with the company’s commitment and continuous effort to improve our customer experience and to expand our footprint.” said Ewen J. McRobbie, CEO RAKINSURANCE.
Mr. Peter England, CEO RAKBANK said, “The Group’s strategy is to constantly offer a combination of both convenient Branch locations and enhanced Digital solutions for a seamless experience, this ensures that we caters to customers across all main locations and channels. The opening of the RAKINSURANCE branch in the heart of Sharjah is in line with our plan to expand our network and to explore and develop customer relationships in the UAE.”
This new branch is part of the company’s “Simply Better” approach to address the growing demand for retail insurance solutions.
Ras Al Khaimah National Insurance Company (P.S.C.) trading as RAKINSURANCE is a Public Shareholding Company established in 1974. The Company is listed in the Abu Dhabi Securities Exchange (ADX) with an authorised paid up capital of AED 121.275 million.
The primary activity of RAKINSURANCE is to provide all classes of insurance business across multiple channels of distribution with further offices in Abu Dhabi and Dubai.
RAKINSURANCE is registered in the Insurance Companies Register of the Insurance Authority of UAE, under registration number 7.
RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to retail and small business banking. In addition to offering a wide range of Personal Banking services, the Bank increased its lending in the traditional SME, Commercial, and Corporate segment in recent years. The Bank also offers Islamic Banking solutions, via RAKislamic, throughout its 27 branches and its Telephone and Digital Banking channels. RAKBANK is a public joint stock company headquartered in the emirate of Ras Al Khaimah and listed on the Abu Dhabi Securities Exchange (ADX).