Are you on the RAKBANK team?
This is a Light company page, auto-generated from public news coverage. Claim it to verify the company description, add logo and links, and control how your organisation is represented on Executive Moves.
Claim this company →About RAKBANK
RAKBANK, officially known as The National Bank of Ras Al-Khaimah P.J.S.C, is headquartered in the emirate of Ras Al Khaimah, UAE. Founded in 1976, the bank underwent a major transformation in 2001 with a shift from corporate banking to personal and business banking.
RAKBANK offers personal, wholesale, and business banking services through 20 branches and digital banking solutions, alongside Sharia-compliant services via RAKislamic. The bank reported 2025 revenue of 4.72 billion AED and has approximately 3,500 employees. RAKBANK has been recognized as the UAE's Best Bank for SMEs at the Euromoney Awards for Excellence 2025.
Subsidiaries include Ras Al Khaimah National Insurance Company, RAK Technologies, and Protego Insurance. In November 2025, RAKBANK partnered with Network International to sell its merchant acquiring business, expected to close in early 2026.
Recent Leadership News
RAKBANK has become one of the first banks in the MENA region to offer crypto brokerage services directly to retail customers, and received in-principle approval from the Central Bank of the UAE to issue an AED-backed stablecoin.
Sources
- RAKBANK Official Website
- RAKBANK Company Profile
- RAKBANK Company Overview - LeadIQ
- RAKBANK Stock Profile
- RAKBANK Company Profile - AGBI
- Network International Acquisition News
- RAKBANK - ZoomInfo
Auto-generated profile. Facts compiled by Executive Moves' AI editorial assistant from publicly available news and press releases on 22 May 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
