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Ras Al Khaimah National Insurance Company PSC (ADX:RAKNIC) Altman Z-Score


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What is Ras Al Khaimah National Insurance Company PSC Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.


Ras Al Khaimah National Insurance Company PSC Business Description

Traded in Other Exchanges
N/A
Address
P.O.Box 506, Ras Al Khaimah, ARE
Ras Al Khaimah National Insurance Company PSC operates as an insurance company in UAE. Its principal activity is to undertake all classes of the insurance business, including life assurance, saving, and accumulation of funds. It operates in two segments: Life & Medical and Motor & General. The majority of its revenue comes from Life & Medical segment.