RAKBANK, also known as the National Bank of Ras Al Khaimah, has announced a package of measures designed to boost the resilience of Small and Medium-sized Enterprises (SMEs) in the UAE. These steps aim to ensure a continuous flow of funding amidst the ups and downs of the global economic landscape. The bank reaffirmed its commitment to supporting this vital sector, which has been a core part of its strategy for over 50 years, serving more than 250,000 SMEs across the country. RAKBANK has earmarked approximately AED 2 billion in additional funding limits, which include secured financing, term loans, trade finance, and working capital solutions for both existing and new customers.
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