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Completion of disposal of a business line | premargin

Completion of disposal of a business line

·ADX·General Disclosure | Announcements·March 23, 2026·View on exchange

AI Summary

RAKBANK completed the sale of its Merchant Acquiring business line to Network International L.L.C. for a total consideration of AED 551 million.
The transaction includes a long-term strategic partnership for the exclusive provision of Merchant Acquiring services by the purchaser.

The financial impact of this disposal is expected to be reflected in the bank's Q1 2026 financial results.

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Attachments

Completion of disposal of a business line

National Bank of Ras Al Khaimah

National Bank of Ras Al Khaimah