AURAK Cuts Ribbon on New RAKBANK Building
November 6, 2018,
The American University of Ras Al Khaimah (AURAK) hosted a ribbon cutting ceremony and reception to celebrate the Grand Opening of its RAKBANK Building that was attended by His Highness Sheikh Saud Bin Saqr Al Qasimi.
Ras Al Khaimah, United Arab Emirates, November 5th, 2018: The American University of Ras Al Khaimah (AURAK) hosted a ribbon cutting ceremony to celebrate the official Grand Opening of the RAKBANK Building, which currently houses AURAK’s School of Business and the Office of Academic Support Services. The ceremony was attended by His Highness Sheikh Saud Bin Saqr Al Qasimi, United Arab Emirates Supreme Council Member and Ruler of the Emirate of Ras Al Khaimah; AURAK administration including AURAK President, Professor Hassan Hamdan Al Alkim, the Vice President of Student Success and Academic Affairs and Provost, Professor Stephen Wilhite, and other top representatives; RAKBANK administration including the bank’s chairman, Mr. Mohammed Omran Al Shamsi, bank’s Chief Executive Officer, Mr. Peter England, and other top representatives; and representatives from Al Nuami Group, all contributing institutions to the construction of the new facility. Sheikh Saud Bin Saqr Al Qasimi, top representatives from each party, and honored guests toured the new building and discussed its future potential.
The new RAKBANK Building has been unofficially in service since the beginning of the Fall semester, it’s brand new facilities hosting classrooms, service events, and beginning a gradual process of integrating Business and Academic Support faculty and staff into new office settings. Faculty, Students, and Staff have been delighted by the new facilities, the opportunities they bring, and the clear evidence of support shown to AURAK by the business and banking community of the region.
Professor Al Alkim, was humbled by the continued patronage and support shown by H. H. Sheikh Saud bin Saqr Al Qasimi, RAKBANK, and the Al Nuami Group, “Investments and enterprises with distinguished contributors such as these are critical to the successful construction of educational facilities essential for developing young minds. We will forever be indebted to these esteemed benefactors as they have altruistically helped lay a solid foundation for a prosperous future for both AURAK and the Ras Al Khaimah community.”
Commenting on the announcement of the new RAKBANK building at AURAK was RAKBANK’s CEO, Peter England, “RAKBANK is committed to providing exceptional opportunities to the country’s business leaders of tomorrow, our support of setting up AURAK’s School of Business and the Office of Academic Support Services is just another medium where the Bank can invest in the development of the student’s knowledge and skills, which aims to help them prepare for future positions where they can play influential roles in the UAE and the development of its economy as a whole.”
The ceremony concluded with an intimate reception, including an orchestra performance by members of AURAK faculty and staff, where all of the contributors discussed the University’s vision and future plans.
The American University of Ras Al Khaimah (AURAK), United Arab of Emirates (UAE) is a government-owned institution of higher education which provides an integrated North American-style education. It is accredited by the Ministry of Higher Education and Scientific Research in UAE and offers a total of 22 undergraduate and graduate programs across a wide range of disciplines. The Southern Association of Colleges and Schools Commission on Colleges (SACSCOC) awarded the institution candidacy status in July 2017. For more information, please visit www.aurak.ac.ae.
RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely corporate to retail and small business banking. In addition to offering a wide range of Personal Banking services, the Bank increased its lending in the traditional SME, Commercial, and Corporate segment in recent years. The Bank also offers Islamic Banking solutions, via RAKislamic, throughout its 38 branches and its Telephone and Digital Banking channels. RAKBANK is a public joint stock company headquartered in the emirate of Ras Al Khaimah and listed on the Abu Dhabi Securities Exchange (ADX). For more information, please visit www.rakbank.ae or contact the Call Centre on +9714 213 0000.