RAKBANK hosts the Second Edition of the SME Business Conclave

RAKBANK hosts the Second Edition of the SME Business Conclave

United Arab Emirates: RAKBANK is proud to announce the second edition of its annual SMEsouk Business Conclave in partnership with Abu Dhabi Global Market (ADGM) and ARN’s Dubai Eye. The event was hosted virtually due to the current Covid-19. The Bank recognizes the importance of creating a supportive ecosystem during this pandemic for SMEs by equipping them with useful information, tools and solutions that assist them in running their operations efficiently, effectively and sustainably.

The event’s keynote speaker, Mr Khalid Banizama – Director of Industrial Development at the Abu Dhabi Department of Economic Development (ADDED), kick started this year’s Business Conclave with top level information on how ADDED supported SMEs and will continue to do so throughout the year. The panellists were made up of a team of experts from across industries that focused on delivering guidance and advice to small businesses on how to readjust their operating model. Highlighting how SMEs are coping in the current health crisis and covered the inevitable change in business models that’s happening as means to adapt and transform into the ‘new normal’.

Business Conclave culminated with an interesting panel discussion and a Q&A session, which revolved around information relevant to SMEs, Covid-19 and the broader economy. Panellists this year were made up of experts from various sectors and industries: Steve Barnett – Executive Director of Business Development at ADGM, Anouar Idrissi – Chief Executive Officer of Edenred, Meher Mirchandani – Managing Director of Palmon Group, Sudhir Kumar – Partner and Head of Corporate Communications of Kreston Menon Group, and lastly Dhiraj Kunwar – Managing Director of Business Banking at RAKBANK.

The Bank aims to address SME needs and requirements by offering them access to information, digital solutions and continued support that would assist SMEs to navigate through the current climate and beyond.

Peter England, RAKBANK CEO, said: “We are the leading SME bank in the country, and this is because SME needs and requirements are placed at the core of our strategy. Our aim at this juncture is to play an integral role in assisting SMEs during this health crisis by providing the right solutions and information that help them run their operations efficiently and sustainably. At RAKBANK, we believe in supporting SMEs and the second edition of the SMEsouk Business Conclave further reinforces our objectives of continuously offering a wide range of services and solutions that helps small businesses reach their full potential, especially during these trying times.”