RAKBANK and Emirates Growth Fund (EGF) have partnered to explore opportunities for expanding SME financing and advisory support in the UAE, signing a strategic agreement at the Make It in the Emirates forum.

The collaboration aims to strengthen the regional SME sector by focusing on funding access, market intelligence sharing, and growth-enablement programmes.

The two entities will also look into joint ecosystem-driven initiatives and customer engagement programmes.

“Supporting SMEs has always been central to our identity and remains one of the most important ways we contribute to the UAE’s economy,”

said Raheel Ahmed, Group CEO of RAKBANK.

“Our collaboration with EGF reflects a shared commitment to empowering businesses through greater access to support, insights, and growth opportunities.”

“Emirates Growth Fund was established to address a critical gap in the UAE’s business sector, and closing that gap requires the right partners,”

said Khalifa Al Hajeri, CEO of EGF.

Al Hajeri added that the agreement brings together growth equity and banking expertise to create tangible pathways for high-potential SMEs to scale, while strengthening their ability to identify promising growth equity investment opportunities across the country.

Featured image credit: Edited by Fintech News UAE, based on image by RAKBANK