Financial Results
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RAKBANK profit rises to $206mln in 2021
RAKBANK’s profits were up by 50 percent in 2021, increasing to AED 758.3 million ($206 million) from AED 505.4 million in 2020. The bank’s revenue for the year fell to AED 3.23 billion from AED 3.56 billion in 2020. According to its chairman, Mohamed Omran Alshamsi, the bank had experienced…
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