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Economy Local 2026-03-23T23:10:32+00:00

Ras Al Khaimah Bank Sells Payment Business for 551 Million Dirhams

National Bank of Ras Al Khaimah has sold its merchant payment services business to Network International LLC for 551 million dirhams. This decision is part of the bank's strategy to streamline its operations.

Ras Al Khaimah Bank Sells Payment Business for 551 Million Dirhams

National Bank of Ras Al Khaimah has announced the completion of the sale of its merchant payment services business to Network International LLC for 551 million dirhams. This agreement marks a significant step in the bank's strategy to streamline its operations. Network International LLC is known for its expertise in digital payment solutions. According to bank representatives, this deal will allow them to focus on core business areas. Both parties expressed satisfaction with the negotiation outcomes.

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