The Middle East's

Top 100 Listed
Companies 2022

77. National Bank of Ras Al Khaimah (RAKBANK)

Country: U.A.E.

Sector: Banks & financial services

 CEO: Raheel Ahmed

Market Value: $2.4 billion

Sales: $950 million

Profits: $206 million

Assets: $15.3 billion

RAKBANK offers personal and business banking services throughout its 27 branches, in addition to Shariah-compliant services via its Islamic Banking unit, RAKislamic. RAKBANK recorded a 50% increase in net profit in 2021 compared to 2020, while customer deposits grew by $190.7 million to $10.3 billion. RAKBANK is 49.3% owned by the government of Ras Al-Khaimah. Raheel Ahmed became CEO in February 2022.