RAKBANK Profile
RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah.
Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis.
Board of Directors
| Name | Capacity | Nationality |
|---|---|---|
| H.E. Shaikh Omar bin Saqr Al-Qasimi | Chairman | U.A.E |
| H.E. Shaikh Salim bin Sultan Al-Qasimi | Member | U.A.E |
| Mr. Hamad Abdulaziz Al Sagar | Member | Kuwait |
| Mr. Abdul Aziz Abdulla Al Zaabi | Member | U.A.E |
| Mr. Yousuf Obaid Essa Al Nuaimi | Member | U.A.E |
| Mr. Ahmed Essa Al Naeem | Member | U.A.E |
| Mr. Salem Ali Abdulla Saeed Al Sharhan Al Nuaimi | Member | U.A.E |
Compliance Certificate
The USA PATRIOT Act was approved by US Congress. As a part of implementation the US Department of the Treasury requires Covered Financial Institutions to obtain certain information from Foreign Banks for which they maintain correspondent accounts in the United States.
Please click below for The National Bank of Ras Al Khaimah (P.S.C.). Global Certification Regarding Correspondent Accounts for Foreign Banks. The certificate will be updated from time to time, as required, to reflect changes to Appendix I to the certificate.
