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What does RAKNIC stand for?

RAKNIC stands for Ras Al Khaima National Insurance Company

This definition appears very rarely

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Samples in periodicals archive:

[5] The Islamic banking products and services are offered via its subsidiary, RAK Islamic Finance Company. In August 2014, the Bank announced its intention to acquire a majority stake in Ras Al Khaimah National Insurance Company (RAKNIC) following approval from the Bank’s shareholders. Shareholders voted in favour of the Bank buying a majority stake at Dh3. 64 per share during its ordinary general assembly held on Monday at the bank’s headquarters in Ras Al Khaimah.