Name: Raheel Ahmed
Designation: Group Chief Executive Officer
Company: RAKBANK
Raheel Ahmed is leading RAKBANK’s transformation into a resilient, future-ready institution built on strong fundamentals and innovation. In FY2025, the Bank reported a Capital Adequacy Ratio of 18.1%, supporting sustainable growth and continued investment in technology and ecosystem expansion. With over 30 years of global banking experience across Asia, the Middle East, Africa, and Europe, Raheel is a seasoned transformational leader. He has held senior roles at Barclays, Standard Chartered, and Citigroup, bringing deep expertise in large-scale transformation and governance. Under his leadership, RAKBANK has accelerated its digital agenda, increasing capital expenditure to AED 281 million in FY2025 to advance AI capabilities, scalable platforms, and ecosystem partnerships.
Flagship initiatives such as Protego, RAKINSURANCE, Skiply (serving 350,000+ students), and Rai (supporting 270,000+ customers) highlight its customer-centric innovation. The Bank also became one of the first conventional UAE banks to offer regulated crypto brokerage access via its mobile app. RAKBANK has further strengthened its affluent offering with Elite Wealth Centres across Ras Al Khaimah, Abu Dhabi, and Dubai, combining personalised advisory with premium experiences. Guided by a culture of curiosity and inclusion, RAKBANK continues to balance innovation with empathy, positioning itself as a trusted partner across the UAE.
