UAE's RAKBANK makes offer to buy RAK National Insurance

May 19, 2015 12:36 PM

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DUBAI May 19 United Arab Emirates-based National Bank of Ras Al Khaimah made a public offer on Tuesday to buy shares in Ras Al Khaimah National Insurance Co , according to a bourse filing.

RAKBANK, the sixth largest lender by market value on the Abu Dhabi bourse, is looking to buy all or some of the shares of the insurance company at a price of 3.64 dirhams a share. The shares last closed in the market at 3.61 dirhams.

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