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RAKBANK's Overview

Total employees5075
HeadquartersRas Al Khaimah
Founded1976

RAKBANK, also known as The National Bank of Ras Al-Khaimah P.J.S.C, is a prominent public joint stock company headquartered in the Emirate of Ras Al Khaimah, UAE. Established in 1976, RAKBANK offers a wide array of banking and financial services to individual, small to medium-sized enterprises (SMEs), and corporate customers. Its offerings include retail banking products like accounts, credit cards, personal loans, and mortgages, as well as business banking solutions such as business loans, trade finance, and treasury services. RAKBANK is recognized for its customer-centric approach, strong focus on the SME sector, and continuous investment in digital innovation to enhance customer experience and operational efficiency. The bank operates through a network of branches, ATMs, and digital channels across the UAE.

Where is RAKBANK's Headquarters?

HQ Function

Serves as the primary administrative and operational hub, overseeing strategic decision-making, core banking operations, technology infrastructure, risk management, and corporate governance for the entire bank.

Notable Features:

A modern, purpose-built banking facility equipped with advanced technology and security systems to support its extensive operations and ensure data protection. Designed to foster collaboration and efficiency.

Work Culture:

The work culture at RAKBANK's headquarters is professional, dynamic, and customer-oriented. There is an emphasis on innovation, particularly in digital banking, teamwork, and achieving strategic objectives in a competitive financial market.

HQ Significance:

The headquarters is the nerve center of RAKBANK, critical for its nationwide operations, policy formulation, and its role as a key financial institution in the UAE. It symbolizes the bank's stability and commitment to the region.

Values Reflected in HQ: The headquarters reflects RAKBANK's commitment to operational excellence, technological advancement, security, employee development, and a customer-centric approach through its design and functionality.

Location:

RAKBANK's primary operations are concentrated within the United Arab Emirates, where it serves a broad customer base through an extensive network of branches and digital platforms. While its physical presence is domestic, RAKBANK facilitates international trade finance and transactions for its customers and maintains correspondent banking relationships worldwide to support global business needs.

Street Address:

RAKBANK Building, Emirates Road

City:

Ras Al Khaimah

State/Province:

Ras Al Khaimah

Country:

United Arab Emirates

RAKBANK's Global Presence

Dubai, Dubai, United Arab Emirates

Address: RAKBANK Regional Office, One Central, Dubai World Trade Centre District, Dubai, UAE

To provide accessible, high-level banking services and strategic support in Dubai, the UAE's primary international business and financial hub, enhancing the bank's reach and service capabilities for a diverse client base.

Buying Intent Signals for RAKBANK

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of RAKBANK

As of April 2025, RAKBANK' leadership includes:

Raheel Ahmed - Chief Executive Officer
Frederic De Melker - Managing Director - Personal Banking
Dhiraj Kunwar - Managing Director - Business Banking & Wholesale Banking (Acting)
Geoffrey Stecyk - Chief Operating Officer
Anubrata Biswas - Chief Risk Officer
Simardeep Grewal - Interim Chief Financial Officer

Investors of RAKBANK

RAKBANK has been backed by several prominent investors over the years, including:

Government of Ras Al Khaimah (holds 49.18% of share capital)
Public shareholders via Abu Dhabi Securities Exchange (ADX)

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits1

In the past 12 months, RAKBANK experienced a key leadership transition in its finance division with the departure of its Chief Financial Officer and the subsequent appointment of an Interim Chief Financial Officer.

Departures

Mufaddal Khutubuddin, Mufaddal Khutubuddin departed from his position as Chief Financial Officer.

New Appointments:

Simardeep Grewal, Simardeep Grewal was appointed as Interim Chief Financial Officer for RAKBANK.

Technology (Tech Stack) used by RAKBANK

Discover the tools RAKBANK uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

RAKBANK Email Formats and Examples

RAKBANK typically utilizes a standard corporate email format for its employees. The most commonly observed pattern is [firstname].[lastname]@rakbank.ae. Minor variations might exist for specific roles or internal communications, but this format is generally reliable for reaching RAKBANK personnel.

[firstname].[lastname]@rakbank.ae

Format

ahmed.khalifa@rakbank.ae

Example

75%

Success rate

News and media

RAKBANK Press Release / Gulf NewsApril 26, 2024

RAKBANK Group records a Net Profit of AED 540 million for Q1-24, up by 23.5% YoY

RAKBANK announced a net profit of AED 540 million for the first quarter of 2024, marking a 23.5% increase compared to the same period in the previous year. This growth was driven by higher net interest income, increased income from Islamic financing, and effective cost management....more

Trade Arabia / ZawyaMay 22, 2024

RAKBANK launches new digital onboarding for SMEs

RAKBANK has launched a fully digital onboarding solution for Small and Medium Enterprise (SME) customers. This new service allows businesses to open RAKstarter accounts remotely and swiftly, without needing to visit a physical branch, enhancing convenience and supporting the SME sector's growth....more

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