This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

RAKBANK reports highest ever net profit

  • The bank's income increased by 35.4% year-on-year, thanks to continued growth in low-cost deposits and expansion across all segments of its business
  • The bank maintained strong credit quality, with a cost of risk at 2.5% and an impaired loan coverage ratio of 210.3% for the YTD through September 2023

Dubai, UAE – RAKBANK, the National Bank of Ras Al Khaimah, has reported its highest-ever net profit of AED 1.35 billion ($367 million) through September 2023, a 54% increase compared to the previous year.

The bank’s income increased by 35.4% year-on-year, thanks to continued growth in low-cost deposits and expansion across all segments of its business.

While the bank accelerated its strategic transformation, it managed to control cost increases, which rose by 10.4% year-on-year. This demonstrates efficient operational management.

The bank’s gross loans and advances increased to AED 41.1 billion ($11.2 billion), a 9.5% YoY increase, with growth seen in Wholesale Banking, Business Banking, and Retail Banking. Customer deposits also grew by 16% YoY, reaching AED 48.5 billion.

The bank maintained strong credit quality, with a cost of risk at 2.5% and an impaired loan coverage ratio of 210.3% for the YTD through September 2023.

It delivered strong returns to its shareholders, with a Return on Equity (ROE) of 18.9% and a Return on Assets (ROA) of 2.7% for the same period. The bank also remained liquid and well-capitalized.

The bank’s Capital Adequacy Ratio (CAR) improved to 18.5% in September 2023, up from 16.9% in September 2022.

It maintained a high level of liquidity, with a Regulatory Eligible Liquid Asset Ratio of 16.9% in September 2023. The Advances to Stable Resources Ratio also stood at a comfortable 81.6%.

The bank enhanced shareholder value with an improved Return on Assets, moving from 2.0% in the prior period to 2.7%. The Impaired Loan ratio also improved, decreasing from 3.2% in the previous period to 2.8%.