In spite of the healthy growth rate, RAK Bank chairman is cautiously optimistic and is holding expansion plans outside the UAE.
“We have to be fair of ourselves,” Sheikh Omar bin Saqr Al Qasimi, said. “Our size is not that big to adventure outside. We are very positive about going out to neighbouring countries like Kuwait, Qatar and Oman but we are withholding our thoughts on that. We looked at these countries but we have no actual dates to penetrate them.
Currently our plans are centred only in the UAE. We are expanding but slowly and in a conservative manner.”
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