The National Bank of Ras Al Khaimah
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Latest Pressrelease Summaries
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The audited financial statements for the National Bank of Ras Al-Khaimah (P.S.C.) for the year ended December 31, 2023, are pending approval from the Central Bank of U.A.E. and acceptance by shareholders at the annual general meeting.
The National Bank of Ras Al Khaimah has announced it is reopening nominations for its Board of Directors from January 31st to February 9th, 2024. Shareholders who meet the nomination conditions can apply, providing a resume and specifying their intended capacity (independent, non-independent, or non-executive director). The board will expand from seven to nine members, pending approval at the next Annual General Assembly Meeting (AGM). Nominees must meet requirements outlined in various UAE laws and regulations. Nominations will not be accepted after the nomination period and are subject to approval from the Central Bank of UAE. Successful candidates will be presented for final voting at the AGM. Applications should be sent to corporatesecretariat@rakbank.ae by 5pm UAE time on February 9th, 2024.
Resolution No. 265 of 2024 has temporarily suspended trading of the shares of The National Bank of Ras Al Khaimah on the ADX, in accordance with article No. 16 of the Regulations concerning the listing of securities on ADX. The suspension is due to the Board of Directors Meeting scheduled for 11:30 on 29-Jan-2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on 29-Jan-2024 until ADX receives the meeting results. All department heads at ADX are required to execute this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by an authorized person and issued on 23/01/2024.