Dubai, United Arab Emirates, 18 February 2026: Ras Al Khaimah Economic Zone (RAKEZ) and National Bank of Fujairah PJSC (NBF) have recently renewed their strategic partnership through the signing of a Memorandum of Understanding, aimed at further enabling RAKEZ-registered businesses to access a full suite of integrated banking solutions designed to support SMEs and corporates at different stages of growth. Building on a long-standing collaboration, the renewed partnership reinforces NBF's role as one of RAKEZ's preferred banking partners and reflects both entities' shared commitment to simplifying the business journey and enhancing access to essential financial services in Ras Al Khaimah and across the UAE. 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. Over the past few years, NBF has been actively supporting RAKEZ's industrial clients through a range of industrial financing solutions. 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: "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. Together, we aim to help businesses establish, operate, and grow with confidence in Ras Al Khaimah and across the UAE." Reflecting on the collaboration, Jallad 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."
The renewed agreement further reinforces RAKEZ's commitment to working with trusted financial institutions to deliver practical, investor-focused support, helping businesses navigate their banking requirements with greater ease and confidence.
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