Ras Al Khaimah Economic Zone (RAKEZ) and National Bank of Fujairah (NBF) have renewed their strategic partnership with the signing of a Memorandum of Understanding (MoU).
The agreement aims to offer RAKEZ-registered businesses a full range of integrated banking solutions to support SMEs and corporates throughout their growth journey.
The MoU was signed by NBF CEO Adnan Anwar and RAKEZ Group CEO Ramy Jallad at Compass Coworking Centre.
Under the renewed agreement, NBF will provide RAKEZ customers with streamlined business account opening, access to its broader suite of business banking solutions, and dedicated onboarding and account setup support.
Services available under the partnership include cash management solutions, financing options, and relationship-led banking with named points of contact and priority assistance, ensuring a seamless and guided banking experience from day one.
Ramy Jallad Group CEO – RAKEZ
“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.”
Furthermore, the renewal of this partnership further strengthens that collaboration, enabling industrial and manufacturing businesses within RAKEZ to benefit from tailored financial support that aligns with their operational and expansion needs.
Commenting on the renewed partnership, Anwar said that, “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. Together, we aim to help businesses establish, operate, and grow with confidence in Ras Al Khaimah and across the UAE.”
