Ras Al Khaimah Economic Zone (RAKEZ) and National Bank of Fujairah PJSC (NBF) have renewed their strategic partnership through a Memorandum of Understanding (MoU) designed to enhance banking support for RAKEZ-registered businesses.
The agreement aims to provide a full suite of integrated financial solutions to SMEs and corporate clients at different stages of growth.
Building on an established collaboration, the renewed partnership reinforces NBF’s role as a preferred banking partner for RAKEZ. It reflects a shared commitment to simplifying the business journey and enhancing access to essential financial services in Ras Al Khaimah and across the UAE.
“We are pleased to renew our partnership with RAKEZ and continue supporting its diverse business community. This collaboration underscores NBF’s commitment to SMEs and corporates by offering a comprehensive suite of banking solutions, combined with dedicated onboarding and relationship-led support,” said Adnan Anwar, CEO of National Bank of Fujairah PJSC.
Streamlined services for businesses
The MoU was signed by NBF Chief Executive Officer Adnan Anwar and RAKEZ Group Chief Executive Officer Ramy Jallad at Compass Coworking Centre. Under the renewed agreement, RAKEZ customers will benefit from:
- Streamlined business account opening
- Access to a comprehensive suite of business banking solutions
- Dedicated onboarding and account setup support
- Cash management services, financing options, and relationship-led banking with named points of contact and priority assistance
These services are designed to provide a seamless, guided banking experience, allowing businesses to establish, operate, and grow with confidence.
Supporting industrial and SME growth
Over recent years, NBF has provided RAKEZ’s industrial clients with a range of tailored financing solutions. The renewed MoU strengthens this collaboration, enabling industrial and manufacturing businesses to access financial support aligned with their operational and expansion requirements.
“Together, we aim to help businesses establish, operate, and grow with confidence in Ras Al Khaimah and across the UAE,” Anwar said.
“Enhancing access to reliable banking and financial services is a key enabler of business success. Our renewed agreement with NBF builds on a strong foundation and expands the range of solutions available to our clients, particularly SMEs and industrial companies. This collaboration supports our ongoing efforts to simplify the customer journey and strengthen Ras Al Khaimah’s position as a preferred destination for investment and growth,” Ramy Jallad, Group CEO of RAKEZ, added.
The renewed partnership reinforces RAKEZ’s dedication to working with trusted financial institutions to provide practical, investor-focused solutions.
By streamlining access to banking services and offering relationship-led support, the agreement aims to help businesses navigate their financial requirements with greater ease, enabling sustainable growth across the UAE’s business ecosystem.
Talking Points
It is noteworthy that RAKEZ and NBF have renewed their strategic partnership, reflecting a shared commitment to simplifying access to financial services for SMEs and corporates in Ras Al Khaimah and across the UAE.
This partnership positions NBF as a key banking partner for RAKEZ-registered businesses, providing streamlined account opening, cash management solutions, financing options, and relationship-led support, all tailored to the needs of growing enterprises.
At Techparley, we see how collaborations like this can accelerate business growth by reducing barriers to essential financial services, particularly for SMEs and industrial companies that often face complex banking processes.
The focus on dedicated onboarding and named points of contact ensures businesses receive personalised guidance, creating a seamless banking experience from day one. This approach is critical for supporting investor confidence and operational stability in the UAE’s competitive business environment.
As RAKEZ and NBF continue to strengthen their collaboration, there is a clear opportunity to deepen financial inclusion, support business scaling, and reinforce Ras Al Khaimah’s reputation as a preferred destination for investment and enterprise growth.
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