Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) signed a memorandum of understanding (MoU) with Ajman Free Zone to form a strategic alliance to support small and medium-sized enterprises (SMEs) and help to develop a sustainable economy.
RAKBANK will offer Ajman Free Zone-based SMEs and larger businesses easy and direct access to account opening services, loans, credit facilities, and other banking solutions, according to a bourse disclosure on Monday.
Director General of Ajman Free Zone, Ali Al Suwaidi, said: “Through this MoU, we hope to bring key incentives and affordable financing solutions to the Ajman Free Zone business community, which reflects our shared commitment to advance SMEs’ aspirations to grow their business.”
Managing Director of Business Banking at RAKBANK, Dhiraj Kunwar, meanwhile said: “This signing reaffirms the Bank’s commitment to offer SMEs simple and convenient banking solutions that better suit their needs.”
