United Arab Emirates - 01 September 2016

H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, inaugurated today RAKBANK's new premises for its Al Dhait and Al Kharan branches in Ras Al Khaimah.

Attending the official inauguration were H.H. Sheikh Omar bin Saqr Al Qasimi, H.E. Mohamed Omran Alshamsi, Chairman of RAKBANK, a number of RAKBANK board members, Peter England, CEO of RAKBANK, Saleh Ali Saleh, Director of RAK Business, Emad Hittini, Director of Branch Distribution, Naji Mohamed, Head of RAK Branches and RAKBANK management members.


The opening of the new premises for the Al Dhait and Al Kharan branches reflects RAKBANK's recognition of the rising emirate of Ras Al Khaimah as one of the fastest-growing and the investment destination of choice for individuals and businesses in the UAE. RAKBANK is looking to explore and develop major Corporate and Individual relationships in Ras Al Khaimah, thereby allowing our customers even better access to the Bank's convenient and comprehensive Conventional and Sharia-compliant Islamic Banking services and products.

Speaking on the occasion H.E. Mohamed Omran Alshamsi, Chairman of RAKBANK commented: "It is with immense pleasure and a great honor to welcome H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah at our Al Dhait and Al Kharan branches. We believe in the growth potential and business opportunities in Ras Al Khaimah and we are committed to providing the best banking services to our customers in the emirate."

Peter England, Chief Executive Officer of RAKBANK, said: "Our accomplishments are only made possible by the continued support of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah. We will continue to deliver the best-of-class products and services, bringing more innovation and convenience to constantly improve the customer experience in Ras Al Khaimah and the UAE."

Currently RAKBANK operates seven branches in Ras Al Khaimah located in Al Dhait, Al Kharan, Al Madinah, Al Munai, Al Rams, Al Nakheel, and Shaam. The Bank offers its Conventional and Sharia-compliant Islamic Banking services and products throughout its network of 35 branches across the UAE.  

-Ends-

About RAKBANK
RAKBANK, also known as the National Bank of Ras Al Khaimah, is one of the UAE's oldest and most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to retail and small business banking. In addition to offering a wide range of retail banking services, the Bank increased its lending in the traditional SME, Commercial, and Corporate segment in recent years. The Bank also offers Islamic Banking solutions, via RAKBANK AMAL, throughout its 35 branches and its Telephone, Online, and Mobile Banking channels. RAKBANK is a public joint stock company headquartered in the emirate of Ras Al Khaimah and listed on the Abu Dhabi Securities Exchange (ADX). For more information, please visit www.rakbank.ae or contact the Call Centre on +9714 213 0000. Alternatively, you can connect with RAKBANK via twitter.com/rakbanklive and facebook.com/rakbank.

For media enquiries, please contact:
RAKBANK
Geraldine Dagher
Geraldine@rakbank.ae

© Press Release 2016