Partnership established framework for ecosystem-driven collaboration in support of the UAE's national economic agenda

Abu Dhabi, UAE, May 15, 2026 —Emirates Growth Fund (EGF) and RAKBANK signed a Memorandum of Understanding (MOU) at Make It in the Emirates, marking a strategic alignment between two of the UAE's leading institutions in SME financing and growth equity.

The strategic partnership establishes a framework for both organisations to explore future collaboration opportunities focused on strengthening the SME ecosystem through funding access, advisory support, market insights and growth-enablement initiatives.

Through the collaboration, Emirates Growth Fund and RAKBANK will jointly explore opportunities to support SMEs and entrepreneurs through ecosystem-driven initiatives, customer engagement programs, thought leadership content and the sharing of market intelligence and investment insights.

The partnership will also create opportunities for mutual visibility across digital platforms and participation in initiatives designed to empower businesses and contribute to the UAE’s long-term economic development.

Khalifa Al Hajeri, CEO of Emirates Growth Fund, said:

“Emirates Growth Fund was established to address a critical gap in the UAE’s business landscape — and closing that gap requires the right partners. Our MoU with RAKBANK brings together growth equity and banking expertise to create tangible pathways for high-potential SMEs to scale, while also strengthening our ability to identify promising growth equity investment opportunities across the UAE. This is not a symbolic agreement; it is a commitment to building the connective tissue of a stronger, more resilient SME ecosystem and a deeper pipeline of future national champions.”

Raheel Ahmed, Group CEO of RAKBANK, said:

“At RAKBANK, supporting SMEs has always been central to our identity and purpose. This collaboration with Emirates Growth Fund reflects our continued commitment to enabling entrepreneurs and helping businesses access the support, knowledge and opportunities they need to grow and succeed. As the UAE continues to strengthen its position as a global hub for innovation and entrepreneurship, partnerships like this play an important role in building a stronger and more connected SME ecosystem.”

This agreement represents a foundation for future collaboration between the two organisations, creating meaningful opportunities to deliver long-term value to the UAE’s SME sector.