The Ras Al Khaimah Economic Zone (RAKEZ) and National Bank of Fujairah have announced the renewal of their strategic partnership through the signing of a memorandum of understanding. This initiative aims to enable businesses registered with RAKEZ to access a comprehensive range of banking solutions tailored to support small and medium-sized enterprises as well as large corporations at various stages of their growth.
This renewal extends the long-standing collaboration between the two entities, reinforcing National Bank of Fujairah’s position as a preferred banking partner for RAKEZ and reflecting both parties’ commitment to simplifying the business journey and facilitating access to essential financial services in Ras Al Khaimah and across the UAE.
The memorandum was signed by Adnan Anwar, CEO of National Bank of Fujairah, and Rami Gladi, CEO of RAKEZ, at the Compass Business Center in Ras Al Khaimah.
Under the agreement, National Bank of Fujairah will provide RAKEZ clients with streamlined business account opening services and access to a wide range of business solutions, along with dedicated support during the onboarding phase and completion of banking procedures. The partnership includes liquidity management solutions, financing options, and banking services provided through direct relationships with specific relationship managers to ensure a seamless and immediate experience from day one.
Adnan Anwar stated, “We are pleased to renew our partnership with RAKEZ and continue supporting its diverse business community.” He added, “This step reaffirms National Bank of Fujairah’s commitment to supporting small and medium enterprises as well as large corporations by providing comprehensive banking solutions alongside specialized support and direct connections to relationship managers. Together, we aim to empower businesses to establish, operate, and grow confidently in Ras Al Khaimah and throughout the UAE.”
Rami Gladi remarked, “Enhancing access to reliable banking services is a critical component of business success. The renewal of our agreement with National Bank of Fujairah builds on a solid foundation and expands the range of solutions available to our clients, particularly small and medium-sized enterprises and industrial companies. This collaboration provides an added boost to our ongoing efforts to streamline the customer journey and solidify Ras Al Khaimah’s position as a preferred destination for investment and growth.”