RAKBANK is the trading name of the National Bank of Ras Al-Khaimah PJSC, a public joint-stock company established in 1976 and headquartered in the Emirate of Ras Al Khaimah, in the United Arab Emirates. It is listed on the Abu Dhabi Securities Exchange (ADX).[2]
RAKBANK, officially known as the National Bank of Ras Al Khaimah (P.S.C.),[3] is one of the oldest banks in the United Arab Emirates (UAE). RAKBANK operates as a public joint stock company with its headquarters in Ras Al Khaimah, UAE. The bank’s head office is located in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road, Ras Al Khaimah. The government of Ras Al Khaimah holds a majority stake in the bank.
RAKBANK provides digital and personalized services. Operating through 20 branches and offering digital banking solutions, the bank provides personal, wholesale, and business banking services. Its Islamic banking division, RAKislamic, provides Sharia-compliant banking services.
Ownership
The bank is 52.76% owned by the government of Ras-Al-Khaimah. Its board is international.